Valueworks, a spending control software provider, has been bought by Inprova, the managing agent for Procurement for Housing (PfH).
The Valueworks software gives housing providers real-time, collaborative views across all of their spending data as an alternative to the siloed finance and asset management spreadsheets that many still rely on.
PfH said that the increased spending visibility provided by Valueworks will give housing providers greater levels of compliance, transparency and control. It said that contractors and suppliers would also benefit, with closer contract management improving supplier performance and reducing the number of disputes.
Steve Malone, managing director, Procurement for Housing, said, “50-60 per cent of a housing provider’s cost base is with external supply chain partners. A large proportion of this is focused on planned and cyclical maintenance, and control and understanding of this cost base will improve bottom-line performance considerably – that’s why we’re so excited about our acquisition of Valueworks.”