BRIKHousing: Rent Accounting_

Make it simpler to record and monitor all payments and tenant account types with the BRIKHousing Rent Accounting module.

What is Rent Accounting?

BRIKHousing: Rent Accounting supports housing associations in making the complex process of tracking and managing all credits and debits for tenant and leaseholder rent accounts, including sub-accounts, much easier. Automation of payment uploads for direct debits, housing benefits, Universal Credit and third-party payments will ensure that every transaction is tracked correctly.

When tricky situations with residents who have outstanding balances arise, it’s natural to feel apprehensive about maintaining compliance. BRIKHousing addresses these challenges by simplifying the process, making it easy to adhere to policy rules and best practices in every tenancy accounting scenario.

This module integrates with your finance system, bringing together all processes to boost productivity and improve rent accounting.

Why use the Rent Accounting module?

Simplify your rent-related data management using the Rent Accounting module, enabling you to make quicker and more informed decisions. This module will let you process several direct debits in an efficient manner, track void losses and calculate balances.

It will also help you stay one step ahead of challenges like the 7% cap on social housing rent increases and how to manage the financial implications of the cost-of-living crisis for your residents.

After automating you rent collection and simplifying payment handling with the Rent Accounting module, you’ll save staff previous time so they can spend it on more valuable matters. Simultaneously, it makes life easier for your residents, making the experience for them smoother and much more manageable. This gives you greater efficiency and improved service to all concerned.

What are the benefits of the Rent Accounting module?

Centralise data: Centralise your data to become more responsive to the needs of your residents.

Streamline processes: Reduces manual data entry and eliminates redundant tasks, leading to increased efficiency and productivity.

Make better decisions: Drive better decision-making by delivering real-time insights into key performance indicators.

Automate processing: Removing the manual action from your payment handling process and free up staff time.

Manage multiple direct debits: Make sure you can securely process multiple direct debits for one rent account.

Stay ahead of challenges: Be more agile to payment challenges, with the data you need to drive the right response.

Follow policy: Make it easier to consistently adhere to best practice and payment policies.

Drive efficiency: Reduce costs and time related to managing and monitoring payments for increased efficiency.

How we deploy the solution_

Every housing association is unique and benefits from an individual approach. We start by learning about your specific challenges and community goals, so we can ensure that the Core Housing Processes module is perfectly aligned with your future vision.

Our effective implementation approach works in sprints, which guarantee a speedy delivery and development.

Many of our clients are surprised by how quickly they start to see the benefits. In the past they’ve suffered through slow, complex and bloated integrations. We collaborate closely with your teams at every stage, from planning and discovery to deployment and support, to guarantee a seamless transition and effective adoption.

““The BRIKHousing solution goes a long way to meeting our demands of an integrated housing management system and breaking through the silos of departmental operations.”

Alex Stephenson

Executive Director (Technology & Transformation, Wales & West Housing Association

What are the key features?

Multiple rent and charge types: Different rent and service charges based on property and tenure type.

Payment plans: Set up and managing payment plans for your residents and automatically calculate the length of time to clear the debt.

Predictive data management: Calculates whether tenancy is on plan or off plan after considering tolerances.

Void loss tracking: Allowing you to track empty properties and the costs accrued.

Other services by Infinity Group_

Infinity offers a wide range of services that complement Core Housing Processes, including:

  • BRIKHousing: BRIKHousing is the premier modular approach to housing management, based on Microsoft Dynamics 365, allowing housing organisations to replace legacy systems with a modern, streamlined solution.
  • Core Housing Processes: Simplify operations, manage resident interactions and centralise communication to provide tenant-first, efficient service.
  • Asset Management: This module allows housing associations to expertly oversee property lifecycles, with safety, compliance and sustainability as a top priority.

Frequently asked questions_

What finance systems does the Rent Accounting module integrate with?

The Rent Accounting module effortlessly connects with Microsoft Dynamics 365 Finance and various third-party finance systems via file transfer, guaranteeing smooth functionality.

Can we process multiple direct debits for one rent account?

Yes, the module supports the processing of multiple direct debits for a single rent account.

Is it easy to track arrears and payment plans?

Yes, the module makes tracking arrears and managing payment plans simple with automated calculations and predictive data.

How does the Rent Accounting module handle technical arrears?

This module provides an accurate calculation of the net balance, allowing for technical arrears and offers a transparent view of the financial status for each tenancy.

What kind of support does Infinity Group provide during implementation?

Implementation support includes consultancy, system integration, training of staff, and continuous support.

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