West London Mental Health improves asset accounting with new software from RAM

Real Asset Management provides Health Trust with a complete fixed asset management solution

West London Mental Health Trust, a provider of mental health services to adults, the elderly and children in the West London area, has announced the purchase of Series4000 asset management software from Real Asset Management Plc (RAM), to assist with efficient and accurate monitoring of its fixed asset base.

Created in 2001 by the merger of Ealing, Hammersmith & Fulham Mental Health NHS Trust and Broadmoor Hospital Authority, West London Mental Health Trust has grown with the merger of numerous mental health services and Trusts to offer a large geographical spread covering approximately 45 miles. Based in Southall, the trust has around 30 significant sites with a turnover of £206 million. It employs 4,000 members of staff and provides around 1,200 beds of which 650 are secure.

The trust had previously been using packaged accounts software to manage assets but found it to be lacking in certain disciplines. The trust decided that it needed a more uniform method of managing the thousands of assets across all its sites, a system that could offer a much more practical method of reporting and would provide users with better analysis tools.

The trust carried out an extensive evaluation of the systems used in the Capital Department. References were then collected from organisations already using best of breed asset management systems and it was concluded that RAM’s Series4000 was the most suitable for the trust’s needs.

Series4000, which has been implemented by over 140 trusts throughout the country, enables West London Mental Health Trust to produce fast, high quality management reports, as well as to make financial forecasts for any future period of time.

Kalpa Shah, Capital and Cost Accountant, commented, “The implementation of Series4000 has been fantastic. Apart from the day-to-day benefits of using a specialised system, the trust has saved three to five working days at the end of each financial year with the automatic processing of the TAC 12 report which supports the annual accounts.

Kalpa concluded, “RAM’s Series4000 has enabled easier and smoother management of our assets and I look forward to seeing the project progress.”

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