Housing Performance Management
Building Better Performance Management in Housing
Housing Associations and other Social Landlords have become increasingly important in both the UK and Europe in recent years, with many experiencing large increases in housing stock from transfers, mergers and other mechanisms.
The Housing Association sector continues to change and evolve in response to key government initiatives that are centred on the Government's efficiency agenda. This drive for efficiency and improved information within the sector is placing finance and IT professionals under increasing pressure. There has never been a greater need for Associations to have integrated solutions that can respond to these challenges and help them deliver value for money.Transformation of Housing Associations
Housing Associations have been tasked by Central and Local Government with transforming themselves whilst also meeting new standards and regulations. In particular, issues such as stock transfers, ALMOs, RSL merger and acquisitions, and development partnerships all convey new and demanding challenges. Amongst all this, Housing Associations need to provide increasingly diverse customer-centric services and still achieve good inspection ratings.
The Need for Joined Up Performance Management
Managing housing stock in the most efficient and customer-focused way is a key priority for all Housing Associations. In conjunction with this, they also need to be able to meet key performance indicator (KPI) targets; show an excellent return on investment (ROI) and prove best value outcomes. It is only possible to achieve this by having aligned and flexible business systems.
With all these issues surrounding the sector, the most successful are capitalising on unified Enterprise Performance Management systems such as Opal Wave’s Housing Performance Management solution, which provides efficient and integrated financial, HR and operational management that underpins organisational growth and delivers Better Performance Management.