Hackney Council
Hackney Council are the 16th largest council in London, they needed a system that could help with the reporting and control over 300 leases, complying with IFRS16.
Challenge
Hackney Council needed a solution that could provide more real time accuracy of the costs associated with lessors and leases. The council also needed a single platform that would automate journal entries, along with having a centralised system to manage their leases.
They desired an integrated platform which would remove the use of spreadsheets, reduce errors and admin, and increase productivity and efficiency. Hackney council state “We needed a strategic view of the way we deploy our assets and the spend attributed to them.”
Solution
Hackney Council needed a solution that could provide more real time accuracy of the costs associated with lessors and leases. The council also needed a single platform that would automate journal entries, along with having a centralised system to manage their leases.
They desired an integrated platform which would remove the use of spreadsheets, reduce errors and admin, and increase productivity and efficiency. Hackney council state “We needed a strategic view of the way we deploy our assets and the spend attributed to them.”
Benefits Hackney Council saw:
- Reduction in workload and errors
- Time saving
- Detailed and automated reporting
- Positive implementation process
- Aligns with requirements from local governments