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Football Foundation, UK's largest sports charity, selects Assetware for fixed asset management
Added: (Wed Aug 08 2007)
The Football Foundation, the UK’s largest sports charity, has selected Assetware Technology’s fixed asset management solution, following a comprehensive review of systems on the marketplace. Assetware’s solution was selected because it met and surpassed all the Foundation’s functional and technical requirements, and also because of Assetware’s in-depth asset management expertise. Assetware’s system will be used for both financial control and physical tracking of all assets in the Foundation’s new premises.
The Football Foundation, jointly funded by the Football Association, the Premier League and the government, encourages the development of football at the local level. It invests in parks, schools and playing fields, aiming to improve facilities, create opportunities and build communities. The Football Foundation recently moved from offices shared with the FA to its own central London premises, resulting in the acquisition of large numbers of assets.
Following the move, the Foundation’s auditors recommended the use of a specialist asset management system for both financial and physical control of assets. The Foundation then put together a detailed Functional and Technical Requirements Specification, and undertook an in-depth evaluation of asset management systems on the marketplace.
“We were obviously looking for a system that met all our requirements,” says the Football Foundation’s Accountant Derrick Ebanks. “but we were also looking for a supplier who we felt would be a business partner. In other words, we were looking not just at the software but also at the relationship. We short-listed four suppliers and looked in detail not just at their systems but also at the company. Assetware stood out because of their software and their people. They obviously really know what they are doing, they could completely come into our world and understand our needs - and they have a real enthusiasm for asset management!”
Assetware’s solution will be used for depreciation calculation and forecasting and will be used to update the Foundation’s financial accounting system. Assets have been barcoded and Assetware’s asset tracking system will be used for quarterly audits, ensuring that the data on the asset register is kept accurate and up-to-date.
Comments Chloe Harlick, General Manager of Assetware, “The Football Foundation does great work, and we’re really happy they have chosen to play ball with us! We look forward to a top league relationship between our organisations!”