When running and growing a care business, the focus should be about creating more time to care for residents. In the current climate, where staffing is a big challenge, funding is even more crucial than ever to balance rising costs, technology plays a defining role in ensuring that the care homes are equipped to stay on top of their ambitions and invest in the future.
For all businesses, digital transformation is a step into the future, forcing organisations to re-assess for a more efficient business operation. Harnessing the power of digital technology has proven to be a challenge for many businesses in the UK.
From the latest announcement of the Chancellor, a UK wide-focus on the future is on the horizon. Throughout 2023, the country is encouraged to bloom by utilising innovation. The recent budget is dedicated to drive ‘long-tem, healthy’ economic growth across core industries lead by smart investment which is something accountants are no strangers to.
Growth is on every business’s radar, and as an accountant, being able to support your client’s success and expansion should be your priority. After all, it should be your success too as opposed to your Achilles heel.
As with many non-profit organisations, UK housing associations must manage their finance team’s time and budget effectively to provide high-quality services to their tenants. Advances in technology over the past ten to fifteen years means that cloud software – where data is held in a secure cloud-based data centre – is now easily accessible and can be integrated to seamlessly share data with housing management systems.