• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Housing Technology Main Logo

Housing Technology

Housing | IT | Telecoms | Business | Ecology

  • Free Subscription
  • Contact
  • Home
  • Research
  • Magazine
  • Events
  • Awards
  • Recruitment
  • On Demand
Home / Magazine Articles / Pennaf Housing selects RAM for component accounting

Pennaf Housing selects RAM for component accounting

Pennaf has chosen Real Asset Management to manage its array of property assets and deliver an automated component accounting system, replacing a spreadsheet-based approach. The Asset4000 software is scheduled to go live in April 2014.

Pennaf provides general corporate support services and specialist services to members of Pennaf Housing Group. When SORP regulations were introduced in 2008, Pennaf saw its asset base expand from 5,500 to in excess of 60,000. After trialling a traditional spreadsheet method of recording its depreciating assets, Pennaf recognised the need for a dedicated system that would allow it to record its large array of properties including residential homes and hostels.

Stephen Morris, finance controller, Pennaf Housing Group, said, “The wide variety of our properties was making it difficult for us to keep track of our depreciating assets. We were using a mix of spreadsheets and an in-house housing rental system which, when combined, were simply not designed for asset management. After struggling to produce all the necessary information needed for component accounting, we decided to look for a proper asset management system.

“We quickly realised that RAM’s Asset4000 system was extremely flexible and was exactly what we needed. With different types of properties, each with a different asset base and a different lifecycle, we needed a system which would be able to handle a vast amount of different data.”

As well as implementing Asset4000, Pennaf has also bought RAM’s forecasting module which will create ‘what if’ scenarios for future capital expenditure, revaluations and asset disposals, and create depreciation projections to simplify annual budget decisions.

See More On:

  • Vendor: Real Asset Management
  • Housing Association: Pennaf Housing Group
  • Topic: Asset Management, Finance Management
  • Publication Date: 038 - March 2014
  • Type: News

Primary Sidebar

Most Recent Articles

  • Artificial intelligence in housing
  • Mobysoft – Data problems affecting complaints’ handling
  • Data, AI and private-sector strategies
  • Smart repairs & smarter homes
  • From firewalls to fortresses
  • Achieving three quick wins in AI
  • Rebuilding Selwood Housing’s IT infrastructure
  • Are you ready for organisational AI?
  • PIMSS releases AI Document Reader for compliance
  • Calico Homes cuts arrears with RentSense
  • FourNet launches digital transformation index
  • New income recovery software from Voicescape
  • Asprey Assets at YMCA
  • I love spreadsheets…
  • All watched over by machines of loving grace – AI assistants and adult social care
  • The rent revolution – The case for AI-powered payments
  • Unlocking safer living through data
  • Aareon acquires MIS ActiveH
  • Vericon launches MouldSense
  • Back to the future at Housing Technology 2025
  • FireAngel wins Which? Award
  • Maximising income and preventing homelessness
  • Anchoring digital innovation with Plentific
  • Cynon Taf Community Housing gets Housing Insight’s Arrears Manager
  • Tenants, AI & your biggest compliance risk
  • EDITOR’S NOTES – Data, standards & straight-through processing
  • AI as a social housing expert
  • South Yorkshire Housing halves arrears with Mobysoft
  • Bromford Flagship wins Aico’s smart-home competition
  • Putting VIVID’s customers in control of their tenancies

Footer

Housing Technology Main Logo
  • Instagram
  • LinkedIn
  • YouTube
  • Contact
  • Free Subscription
  • Book an event
  • Research
  • Update Your Subscription
  • Privacy Policy

Welcome to the housing Technology – Trusted Information For Business Professionals in HOusing

Housing Technology is the leading technology information service for the UK housing sector and local governments. We have always believed in the fundamental importance of how the UK’s social housing providers use technology to improve their tenants’ lives.

Subscribe to Housing Technology to gain market-leading research, unsurpassed peer networking opportunities and a greater understanding of your role to transform your business.

Copyright © The Intelligent Business Company 2025 | Terms and Conditions | Privacy Policy
Housing Technology is published by the The Intelligent Business Company. A company with limited liability. Registered in England No. 4958057 | Vat Registion No. 833 0069 55.

Registered Business Address: Hoppingwood Farm, Robin Hood Way, London, SW20 0AB | Telephone: +44 (0) 20 8336 2293