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Meeting the challenges facing the Finance teamSector: Social Housing In a sector where there is an increasing drive for efficiency and value for money, and where accountability and transparency are vital, most Finance teams spend more time than they would like wrestling with spreadsheets and reacting to queries. There is precious little time left to contribute to issues of performance management and overall direction. LAKE provide solutions for all sizes of organisations in the social housing sector. We combine sector expertise with market-leading financials and web based purchasing to release you from the routine cycle of accounting and reporting to take a much more active role in the management of overall organisation performance.   Improved monitoring and financial control LAKE solutions are based on SunSystems, a financial management system renowned for its analytical power. Cost allocations and reports can be driven by analysis dimensions such as property, income type, scheme, tenant, contract and region, without the need to create a long, complex chart of accounts. And point-and-click hierarchy management tools allow you to change and model the organisational structure with complete freedom. Financial and management reports at the click of a mouse Automate the publication of reports. Produce reports in minutes rather than days or weeks for all interested stakeholders; including committees, management, budget-holders, government, and regulatory authorities. Deliver cashable and non-cashable efficiency gains with Spend Control The LAKE Proactis solution helps housing associations bring spend under control. It provides managers with complete visibility of the cost pipeline and validates every purchase request and commitment against budget at any level, such as department, scheme or project. At the same time, transparent processes and sophisticated approval-routing, guarantees improved governance within a clear, structured, controlled spending policy. Track movements in every fund, distinguishing between restricted and unrestricted funds The LAKE solution will allow you to account for any number of funds, track incoming resources and show how each of those funds has been used, down to the last penny. Share information and improve workflow The LAKE SunSystems solution includes proven interfaces to a wide range of housing management systems to streamline the flow of information. |
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