Innovative social housing tool launches as sector faces new challenges
The launch of a new technology product, designed with the social housing sector and the political and operational challenges it faces in mind, gives organisations an opportunity to fully leverage their assets. New software Holmes comes at a time when social housing is being affected by a raft of external factors that could have an impact on performance and overhead costs but the cutting-edge tool puts the data and information that those operating in the sector need to take control.
Holmes’ research found that social housing is currently under pressure and political decisions could mean this deepening. By the end of the decade it’s estimated that average rental incomes will be down 14%, wiping millions off balance sheet forecasts, and organisations will find it more challenging to collect rental income thanks to the roll out of Universal Credit. On the operational side, social housing organisations have seen funding grants fall to a 20-year low, while regulatory scrutiny has risen. As experts in the field, the team behind Holmes have spent the past 4 years successfully developing software to support clients in attaining greater value for money, increasing resilience and providing better quality homes for customers.
Geoff Bedford, CEO of 221Group, the company behind Holmes, said, “The challenges faced by the social housing sector now, and in the coming 5 years, mean that organisations can no longer sit by and allow the hidden value of their assets to go unleveraged. With Holmes, these organisations can now usher in a new set of capabilities, putting the sector on the front foot of active asset management, ensuring the social pound is put to work as hard as possible for those that need it most. We are thrilled to be bringing this ground-breaking toolset to market and I know colleagues across the country in housing associations, local authorities and property services companies will be feeling it is long overdue.”
Through using Holmes, social housing organisations can assess the long-term performance of their entire portfolio, identify poorly performing assets, retrieve useful insights from their data and cut down on IT costs. Combined all the innovative features allow users to make informed decisions based on data and take control of their assets. Utilising the latest technology means that Holmes customers can also monitor their assets in real time through Cloud software and have direct access to their insight anywhere through a PC, tablet or smartphone.
To find out more visit www.yourholmes.co.uk.
Dakota Digital for Holmes
Press contact: Charlotte Malone
Tel UK: 01623 428996
Tel UK: 01623 428996
Tel US: 917-720-3025
Holmes is an innovative tool that aims to support the social housing sector with a range of intuitive features to help customers get the most out of their portfolio. The organisation looks at asset management from a different perspective to provide software that meets the needs of the sector and considers future challenges.