Pressure is building on Registered Providers to achieve and demonstrate VFM. Slashing costs will impact services, which is why we have always championed a more holistic approach which starts with cost visibility.
‘Inside Housing’ reports that the social housing regulator is monitoring a subsidiary of one of England’s largest housing associations after a major overspend on repairs and maintenance.
But why wasn’t an overspend of around £8million identified earlier?
A common problem many organisations face is not knowing exactly what they spend. Once visible, costs can be challenged. But, first of all, you need to generate a complete understanding of your spend and a prioritised Cost Reduction Plan.
EPI empowers clients with innovative web-based spend analysis tools and techniques. Registered Provider clients gain a complete view of spend to rapidly identify opportunities for value improvement as part of a structured VFM plan.