Bostadsspecialister Platser för människor driver på 2020.
As one of the largest property management, leisure, development, and regeneration companies in the UK, we are pleased to form part of their impressive finance function. AccessPay has worked with the team to support their ever-changing requirements as the business, which has assets in excess of £3bn, continues to expand.
Their latest 2020 project is to streamline the approval of various subsidiaries in a single payment run, by using their Bacs Approved Bureau status. Sarah Lynch is the AR & AP Implementation and Strategy Lead for Places for People. Her role covers accounts payable and accounts receivable.
“We are currently on a new journey with AccessPay, and we are looking forward to working together again.” Sarah Lynch, ansvarig för genomförande och strategi, Places for People
But let’s look back at the journey so far…
Ett finanssystem som inte längre är "ändamålsenligt".Places for People inledde sin automatiseringsresa redan 2014 och gick före i utvecklingen. Med gamla ekonomiprocesser som var i olag var det dags att investera i ett nytt ERP-system (Enterprise Resource Planning).
"Anledningen till att vi implementerade ett nytt ERP-system var att vårt Det gamla ekonomisystemet var inte längre ändamålsenligt, Places for People hade vuxit så mycket som organisation att det nuvarande systemet inte längre passade oss.
Vi ville gå över till ett mer strömlinjeformat, digitalt arbetssätt och att införa ett förstklassigt ERP-system var det rätta sättet att göra det på." Sarah Lynch, ansvarig för genomförande och strategi, Places for People
Effektivisering av 60 000+ månatliga Bacs-betalningar
Places for People have always used Bacs to make supplier and payroll payment runs and to process direct debit rent collections from tenants. But in 2018, Places for People moved to AccessPay as they wanted a cloud-based solution with scope for improvements by way of a Bacs Bureau.
With more than 60,000 transactions to process each month, they went in search of a new way of working. AccessPay offered system-based approval steps which allowed Places for People to remove the need for paper sign-off across the group.
Our fully integrated, cloud-based solution enables Places for People to distribute wages, allowing the staff to continue their fantastic work in the UK housing sector. Thanks to our platform’s capability, the parent group will soon be able to make and schedule payments across multiple subsidiaries in one swift payment run.
“We had used a couple of different systems in the past but we’re currently using AccessPay and that’s been a big step forward for us.” Sarah Lynch, ansvarig för genomförande och strategi, Places for People
Växasom en Bacs Godkänd byrå
The great functionality of AccessPay soon led the property firm to re-invest in our services. Supporting Places for People’s growth plans we were able to help two of their additional subsidiaries in 2020, Touchstone and Derwent Living. This makes it incredibly easy to support ever-changing business requirements.
“Places for People are leading the change within their sector. They are a great example of how a housing association may be a not-for-profit organisation but can work as advanced and automated as any other large corporate property developer and manager.” Craig Watson, kundansvarig, AccessPay
Now the group, who turnover in excess of £827m (2019), have upgraded the platform to utilise their Bacs Approved Bureau status and find increased efficiency, thanks again to AccessPay.
Our team have added extra functionality to their platform to allow for a single payment run across all subsidiaries. This will reduce a 300-step process down to 10, quite the time-saver. So instead of running 30 payments each week (which involves a 10-step process) it will simply run once with the same result.
“It was very time-consuming and labour intensive. Part of our ongoing goal is to make efficiencies, to get better and to use technology better.
That’s what we’re looking at right now with AccessPay. Hopefully, we’re in the final stages of testing and it will make a massive difference to the accounts payable team.” Sarah Lynch, Implementation & Strategy Lead, Places for People
The finance leader also spoke of how useful the platform is for remote access, which is paramount in the current working-from-home client.