AssetCore provides a collaborative solution to support all asset related transactions and processes through a sector defined data structure to promote the standardised capture and share of asset related information and documents. By using AssetCore, clients can obtain immediate visibility of the legal and financial interest an organisation has in its asset portfolio to ultimately increase liquidity, reduce risk, and generate major cost efficiencies, as well as enabling Housing Associations to share up to date information and documents with stakeholders and service providers using the system, increasing efficiency and reducing time costs.

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Case Study

Documentation and data held by housing providers is often held offline, in traditional spreadsheet and paper-based formats. When managing these property portfolios, this legacy approach means that the communication between housing associations, funders, valuers and solicitors is time consuming and can lead to prolonged transactions, additional fees, and other inconsistencies which occur during the process. AssetCore provides an online tool to standardise and facilitate the exchange of property information in ‘real time’ between all participants granted access as ‘owners of the data’.

Leading housing group London & Quadrant owning and managing over 70,000 properties have processed a number of property related “live” transactions using AssetCore’s loan security and asset information tool. In February 2018, L&Q completed their second £500m bond issue. Working with a security portfolio of several thousand properties and related documents, the L&Q team had to share, reconcile and work on their data with key service providers and stakeholders. AssetCore’s ‘live’ information sharing capabilities enabled the team to provide direct access to the latest information with the legal, trustee and valuation teams involved. Inbuilt data validation performed checks on data logic to maintain integrity throughout the transaction. AssetCore’s reporting area provided all those involved with powerful data querying and historical reporting to analyse and manage information at each stage of the process. As a sector tool, dedicated to the storage and management of asset related information, AssetCore’s system development is driven by sector needs.

For more information about AssetCore, please visit www.assetcore.com

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