Rachael Singh, Accountancy Age, Thursday 13 May 2010 at 16:13:00

NHS Foundation Trust, catering to more than 800,000 patients, signs deal with Real Asset Management to increase accuracy and forecasting of assets


Basildon and Thurrock NHS Trust has signed a deal to implement systems which will control a 180m asset base.

The Foundation Trust announced it had signed a deal with Real Asset Management (RAM) to supply it with software to control business assets, such as equipment.

RAM is designed to increase the accuracy, registry and forecasts of assets. The technology will be responsible for 180m of assets which consists of land, buildings and other IT systems.

Ian Child, financial controller at Basildon and Thurrock said the new technology "allows us to process transactions directly from our financial package, iSOFT?s Integra Open Enterprise suite, avoiding the re-keying of data" .

"We have the ability to carry out an accurate forecast of depreciation which becomes very important when we are planning for depreciation of around 12 million annually,? he added.

The trust provides an extensive range of medical services at Basildon University Hospital, Orsett Hospital and St. Andrews serving more than 800,000 patients.

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