Meeting the challenges facing the
Housing Association Finance team
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.
The LAKE SunSystems solution will release you from the stress and hassle of spreadsheet forecasting and the routine cycle of accounting and reporting, and help you take a much more active role in the management of overall performance.
Fully integrated with budgeting and forecasting
With a LAKE solution that includes
SunSystems Budgeting and Forecasting, Finance is able to take a more
active role in predicting the impact of changes in funding and strategic direction.
The solution builds on underlying
General Ledger code structures to support continuous budgeting, rolling
forecasts, and "what-if" analyses.
With detailed operational plans
(e.g. by fund, department, region, etc) feeding into the P&L,
Balance Sheet, and Cash Flow statements, SunSystems
- encourages collaboration between different parts of the
organisation
- reduces the business risk and overhead associated with dozens of
inter-linked spreadsheets.
The combination of SunSystems and LAKE's rapid implementation
method represents a cost-effective Performance Management solution for
your organisation.
Monitor the performance of every aspect of the organisation
The LAKE solution is based on SunSystems, a financial management system renowned for its analytical power. Cost allocations and reports can be driven by up to 100 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.
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.
Produce financial and
management reports at the click of a mouse
At the click of a mouse the LAKE SunSystems solution allows you to produce reports from the same underlying database for all interested stakeholders; including committees, management, budget-holders, government, and regulatory authorities such as the Housing Corporation or the Charities Commission.
Streamline the buying process and control spend
The LAKE
SunSystems solution helps organisations 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.
Share information and improve workflow between employees
The LAKE SunSystems solution is workflow and web-enabled, with information secured in SQL Server or Oracle databases. It includes email connectivity and a self-service web-portal to deliver information to authorised users, keeping them in constant touch with business performance.
