7 Steps for Housing Authorities to Mitigate the Impact of Sequestration
(firmenpresse) - VICTORIA, BC and MANCHESTER, NH -- (Marketwired) -- 04/18/13 -- Sequestration is already affecting some local housing authorities, which have suspended the issuance of Section 8 vouchers. Local housing authorities need to be ready to implement steps to mitigate the effects of those cuts, according to UNIT4 Business Software, the North American subsidiary of UNIT4 (EURONEXT AMSTERDAM: UNIT4), the global enterprise software provider for Businesses Living IN Change (BLINC)™.
By leveraging technology and assessing administrative processes, housing authorities can run more efficiently and better respond to changes sequestration will bring. That means local housing authorities should consider the following steps:
1.: Determine whether reporting meets new funding conditions, especially in terms of Section 8 vouchers. The housing authority should evaluate tools that easily adapt reports to new compliance and regulations.
2. : Sharing information across the entire organization can improve service levels while reducing costs. King County Housing Authority, which provides rental housing and assistance to more than 18,000 families around Seattle, saved an estimated $31,000 by reducing property managers' reliance on finance staff to manually look up transactions.
3. : To capitalize on additional funding opportunities, housing authorities should evaluate current processes around grant management. This includes being able to track how grants are utilized, demonstrate in real-time funds available or report on successful projects to secure future funding.
4. : Manual checking can require tremendous resources, taking up the time of a housing authority's finance department to run reports while causing delays that affect field managers. Automatic alerts can keep property managers and others informed of real-time budget issues and help improve workflow processes.
5. : Invoices, applications, contracts, images should be stored electronically in a single document archive. This will improve access to information, increase security and simplify document retrieval.
6. : Providing mobile access to employees for time and expenses, and requisitions (with real-time funds checking) allows housing authorities to speed up approvals, track staff productivity and increase agency efficiency.
7. : Many housing authorities work with legacy and disparate systems, serving as roadblocks to access information. Housing authorities should invest in integrating its systems through standards-based interfaces and third-party tools; this process would simplify the IT environment.
"Taking these steps won't prevent sequestration from adversely affecting housing authorities, but they could help minimize the impact. When an organization effectively leverages technology, it can improve operational transparency and service levels while reducing administrative and IT costs," said Boyd Fisher, Director, Public Sector at UNIT4 Business Software.
UNIT4 Business Software offers housing authorities an enterprise solution that helps respond to unexpected changes. Learn more about our
UNIT4 Business Software is the North American subsidiary of UNIT4, a $624 million global business software and services company that creates, provides and supports software for Businesses Living IN Change -- delivered via the cloud or on-premise. It offers solutions that help these fast-changing public, private, non-profit and higher education 'BLINC' organizations embrace business change -- simply, quickly and cost-effectively. the company's flagship Enterprise Resource Planning (ERP) suite and its best-of-class financial management software, are used by 6000+ organizations in more than 100 countries. For more information or follow the company on , and the company blog.
Margaret Bonilla
Birnbach Communications
Phone: (603) 548-0693
Email:
Twitter: (at)Marg_Bonilla
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Datum: 18.04.2013 - 08:01 Uhr
Sprache: Deutsch
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