Release 2022.2

AssetCore February ’22 release takes UK by storm
Announcement of support for Numerical Apportionment blows roof off O2 Arena, cancelling Simply Red concert. Mick Hucknall says cancellation ‘totally worthwhile if it means Housing Associations can now correctly model the effect of cross-collateralisation on complex charging structures’.

Apologies, it has taken us forever to do this. AssetCore now supports Programmes of Loans/Notes/Bonds, cross-collateralisation and has 5 smaller improvements.

  1. Programmes
    This means Numerical Apportionment finally makes an appearance – requiring significant improvements to most areas of the system and including the new, excitingly named, ‘Programme Report’.
  2. Scheduled Compliance
    Enabling it to be run at fixed times of day so you don’t have to remember to do it. Watch this space for more things being offered for scheduling…
  3. Property Report now shows Suspect Data
    New data error columns highlight problems with input data. Will help you get your data shiny as a new penny.
  4. New Category of Provision – Residential Care
    You asked, we spent hours agonising over it.
  5. Reinstatement Value now supported
    A new valuation basis enables you to record reinstatement value and how it changes over time.
  6. Cross-collateralisation
    Any situation where multiple HAs charge security for a single loan can now be neatly and safely effected within the product.
  7. Improvements to Enhancements
    Many small improvements have been made to the Enhancement section, making it even easier to contribute ideas for improving the product. 

Looking Forward
The next release is scheduled for May, the content for which will be determined this Thursday: if there is anything AssetCore doesn’t do that you wish it did, now is totally the right time to raise an item in the Enhancements section!

Help
The Jacinta and Chris AssetCore Roadshow™ showing off the new features is scheduled for 10am, Thursday March 3rd. All are welcome. And contrary to what I said last time, it makes absolutely no difference if you have no clue what AssetCore is – the jokes don’t get any better.

Plea
As ever, please remember that you are the joy in our sad existence – if you don’t call and ask us how some arcane portion of the system works or to pretend you need help with your Trustee reporting at quarter-end then you condemn us to Mick’s entire back catalogue through tinny office speakers on an endless loop.

Release 2021.7

The Government yesterday announced that AssetCore has been moved from the amber list to a new ‘pink star with yellow polka-dots’ list. Normal covid precautions will continue to apply when using the product including mask wearing, sanitising computer screens with hair gel and not laughing at release notes.

There are 8 items of note this month in addition to the usual collection of bug fixes.

1.         RP now editable on Property Record
It is now possible to transfer a property from one RP to another just by using the dropdown in the property editor.

 
2.         Country, Region, District HPI
You can now apply Country, Region and District level HPI to historic valuations in the Summary Grid to see the effect of bringing valuations up to date prior to applying a stress to them.  UK level HPI was already available.

3.         Valuations and Rents History Tabs
The property editor now offers a tab to show the history of valuations conducted for a given property AND a tab to show the history of rents charged on the property. I honestly have no idea why we did not think of doing this before.

 
4.         New ‘Building Safety’ Document category
The document management system now allows a new category of ‘Building Safety’.

 
5.         Aggregate Compliance Rules Now Supported
Compliance rules can now test entities (portfolios and organisations) in aggregate rather than just singly. If you are one of those far-thinking and sophisticated people who are already using the compliance system then this will simplify rule setup, if you aren’t then not so much.

6.         Count as a % In Summary Grid
The summary grid now permits Count (number of properties) to be viewed as a %age.

7.         Calculated Fields in Property Report and Summary Grid
Although a little fiddly to set up, calculated fields can now be created for the property report and the summary grid.  A lawsuit from Microsoft Excel is expected at any moment.

 
8.         New Compliance Rule: Number of Units
This makes it possible to, for example, check that an RP or Loan has no more (or less) than a certain number of units.

 
Looking Forward
The next release is scheduled for the end of October, the content for which will be determined next week: if there is anything AssetCore doesn’t do that you wish it did, now is a swell time to raise an item in the Enhancements section!

 
Help
The Jacinta and Chris AssetCore Roadshow™ showing off the new features is scheduled for 10am, Wednesday Sept 1st. All are welcome – it helps if you have half a clue what AssetCore actually is but it really doesn’t matter.

 
As ever, do remember that we exist only to help you get more out of the system – nothing else crosses our minds from one day to the next, so calling us and asking for help or to be shown how to use the system is doing us a kindness, really.

Release 2021.4

AssetCore 2021.4 Release Wins Eurovision

AssetCore’s entry, ‘Boom-bang-a-boom-boom goes the security charging process’ unexpectedly won Eurovision last night, outpointing a very strong British entry. Lead singer Andrew Walsh said ‘this is only the beginning, next year we hope to learn to play our instruments’.

There are two large many-item developments this month:

1.         Compliance
We have developed a rules based compliance system. In essence, it lets you define multiple rules associated with covenant compliance and test them periodically.

Rules supported include net annual income, shared ownership (and other category of provision exposure), contingency limits, golden rule exposure, headroom, value of security against drawn or facility limits, property type/construction type and many, many, more. This is big. Huge.

2.         Data Loader Rewrite
The data upload facility has been rewritten to make it faster and to make it work better with automated uploads from external systems. To put it in context, a complete update of all records from, say, the housing management system of our largest client, should take minutes instead of hours.

And a collection of smaller items:

3.         Rent Upload in Multiple Formats
Rent can now be uploaded as weekly, annual, monthly or quarterly numbers as well as on a 48 or 50 week basis.  If you have another period we can probably also do that – give us a call 🙂 

4.         Curve for EUV calc % reduction by Portfolio size 
You can now apply a portfolio size discount curve to our EUV valuations to account for the discount valuers typically apply to larger portfolios of assets.

5.         Asset Lending Value on Scenario Testing
The effect of stressing and applying inflation to security values on asset lending value can now be seen in the summary grid.

6.         Treasury & Property Report Pie chart Edit tool 
The Treasury and Property reports now let you choose what values go in the pie charts at the top. The Analysis report has always worked that way.

7.         Property release document direct to document area
When producing property release forms for trustees you can now also send them straight to the document management area, categorised appropriately.

8.         EPC rating field
We now record the EPC rating on properties.  Handy, if you want to record EPC ratings.

9.         Summary grid subsidiary Excel export
The grid of properties at the bottom of the summary view which offers the detail on the currently selected cell can now be exported as an Excel spreadsheet.

Looking Forward
The next release is scheduled for the end of July, the content for which will be determined shortly: if there is anything AssetCore doesn’t do that you wish it did, now is the time to raise an item in the Enhancements section!

Help
The Jacinta and Chris AssetCore Roadshow™ showing off the new features is scheduled for 10am, Thursday June 3rd. All are welcome. YOU are welcome. Be there or be a quadrilateral of equal side and angle.

As usual, please, if you have any questions about the product or how we can help you get more out of it please drop us a line. We are hungry to solve your AssetCore-related problems – and can usually help with crosswords, jigsaws and sudoku too.

Release 2021.1

AssetCore Announce Roadmap out of Lockdown

Following the December decision to follow the science and lock the AssetCore developers in their rooms, the number of bugs in the next release of AssetCore has continued to fall, to the point where we are now happy to announce the end of lockdown – and the release of the 2021.1 version of AssetCore.

There are two large items this month:

1.         Stress Testing and HPI
The EUV valuation tool now includes the ability to separately a) stress each valuation type and thence security value, and b) apply UK House Price inflation (courtesy of HM Government) to historical MV-ST and OMV valuations.

2.         Property Release Workflow
A workflow to support the release of property from acting as security for a loan. The first of the several release forms required for the process has been developed and can now be generated by the system.

And five smaller items:

3.         Enhanced Drilldown on Analysis Report
The summary section of the Analysis report now supports drill down.

4.         Data Shares can now be for a customised set of fields
When creating a share, users can now select a customised set of fields in addition to ‘All’ or ‘Default’.

5.         Additional fields on Facilities View
The created facilities page now shows more detail on each facility, including asset ratios when drilling down.

6.         Loans Expiry Date
Loans now have an expiry date and Loan views now have a checkbox to include/exclude expired loans. This means that older loans can be kept for historical reporting purposes but no longer clutter up reports when they are no longer of any interest to man or beast.

7.         Enhanced Subsidiary Grid on Summary View
The grid of properties at the bottom of the summary view which offers the detail on the currently selected cell now allows the columns to be selected, sorted and saved as part of the view.

Looking Forward
The next release is scheduled for the end of April, the content for which will be determined shortly: if there is anything AssetCore doesn’t do that you wish it did, now is the time to raise an item in the Enhancements section!

Help
The Jacinta and Chris AssetCore Roadshow showing off the new features is scheduled for 10am, Thursday March 4th. All are welcome, YOU are welcome. Be there or be square.

And I finish with my customary plea for someone to talk to – please, if you have any questions about the product or how we can help you get more out of it please drop us a line. You will find us charming, vivacious, excellent conversationalists and a joy to talk to. Probably.

Release 2020.11

Customers urged to accept result of last night’s AssetCore release

Although bug reports are still being counted, we at AC News are calling this software release for Biden. Allegations of irregularities in the submission of enhancement requests are, in our opinion, baseless or at least wildly overstated.

There are two large items this month:

1.         Summary, including property value estimation tool 
A new slice and dice tool which gives a top down view of numerical data (weekly rent, property value, NAI,  etc.) for your properties. It includes our first cut at an EU-SH Valuation tool which discounts income and costs to arrive at an estimation of security value based on multiple schemes.  Much more work is planned in this (for us) exciting area. Note that we are still validating the numbers so, out of caution, the numbers generated by the tool are marked BETA.

2.         Under the hood
A structural change (which took forever to get right) has speeded up long-running reports – roughly halving the time taken.

And seven smaller items:

3.         Land Registry title reference editable
It is now possible to edit this field within the property editor.

4.         Dashboard report panels description includes report type 
Those dashboard panels which show the summary and charts of the property, treasury, loan and comparative reports now have the type of the report included in their description.

5.         CSV export from drill down 
The CSV exports in the Treasury and Analysis report drill-downs have been improved to match the format of the other property CSV exports in the system.

6.         Created properties page enhanced 
It now uses a grid and offers filters, column selection and other good things.

7.         De-select property picture 
The property edit screen now lets you de-select your uploaded image if you wish.

8.         Property lot reference as category 
The analysis and comparative reports now allow ‘Property Lot Reference’ to be used as a category choice.

9.         View Loan from Created Facilities
Loans shown in the created Facilities screen can now be clicked on to see their details.

Looking Forward
The next release is scheduled for the end of January, the content for which will be determined in our development meeting at the end of this month, so get those enhancement requests in!

Help
Jacinta and Chris’ Webinar to show off the new features is scheduled for 10am, Thursday Nov 26th. All are welcome. Bring a friend.

And as usual, should you have any queries about the product, the new release, this email, our sense of humour or anything else, we would love to hear from you.

Release 2020.6

There is no truth to the suggestion that foreign powers interfere in the АссетЧоре процесс развития AssetCore development process.

Stripped of the 175 redactions necessary to protect national security, herewith the details of our latest release:

  1. Reporting on loan security positions (unsecured/ringfenced security) 
    The treasury report has been substantially enhanced to include a) properties which are not assigned to a loan (unencumbered stock) and b) loans which have no properties assigned them (unsecured loans). The treasury report now gives a complete picture of assets and liabilities. There is more to come in this area, stay tuned.
  2. Choice of charts on Dashboard  
    Charts on the dashboard versions of the Property and Treasury reports now use data elements selected by the user rather than being hard coded.
  3. Most Recently Used Reports 
    We have added a new dashboard widget to show the 7 reports you have used most recently in order of use. 
  4. Right Justification!
    A huge change – numbers are now right-justified in reports. 
  5. Enhancement Item Type
    Enhancements now include a dropdown to distinguish between Enhancements and Problems.
  6. Tranche Name in Share area now shows Loan Name as well
    Previously just the tranche name was shown – causing some confusion when making shares.
  7. Enhancements Title filter now free text
    Title is now a searchable field for Enhancements. Handy if you have added hundreds of enhancement requests and can’t remember what you called them.
  8. Effective Date on initial loan upload
    The loan upload facility now allows the specification of an effective date on a new loan.  Previously this was not permitted – for no discernible reason.
  9. Deletion of document assignments
    If a user erroneously associates a document with properties, those associations need to be deleted – the system used to crash if a user attempted to delete more than a few thousand of those at once. This becomes much more of a problem with increasing use of document management so fixing it is timely…

Looking Forward 

  • Our next release is shaping up nicely – we are working  on an Existing Use Valuation Tool! Please let us know if that idea floats your boat and add alternative Enhancement ideas to the website if it does not – there are no bad ideas, just ideas that AssetCore haven’t implemented yet…
  • Watch out for our new post-release webinar, details of which will be posted shortly.

Help
At the risk of sounding like Norman-No-Mates, during lockdown we have enjoyed the increased communication with our clients – particularly the video calls – and are keen to carry this on with the easing of lockdown. So, please, if we can help with anything vaguely AssetCore-related, like how some new (or old) feature works or if you want to tell us about a fault, note that we are sophisticated users of telephone, email, tin cans and string, the various web VC and screen sharing tools – and keen to talk.

Добрые мысли … 

Release 2020.4

We’ve fact checked our twitter post.
We’ve driven to Barnard Castle to check our eyesight.
We’ve taken our daily dose of hydroxychloroquine.
We’ve got a new release of AssetCore to tell you about.

As a keen user of the product you will doubtless already know that late last night we unleashed the raging bull that is AssetCore 2020.4 onto an unsuspecting world.

  1. Dashboard
    The home page has been made into a collection of moveable (and removable) editable widgets. There is also a new widget which displays the summary data and charts from any existing report.
  2. Automate Data Uploads
    It is now possible to automate the upload of property data (rents, for example) from external systems using an API we have developed.
  3. Loan Editor
    The property edit screen developed last time proved so popular that we felt constrained to produce one for loans.
    Users can edit loan names directly from the facilities screen rather than having to upload another csv file.
  4. Portfolios Tab
    A new tab has been added to the property screen to show and edit portfolios to which a property belongs.
  5. Reports
    Last time we made it possible to drag and drop column names in the column picker instead of using the old up and down arrows – this time we have enhanced report filters in a similar way.
  6. Treasury Report Bug Fixed
    A rather irritating bug in the drill down for the Treasury Report which gave blank results when a user drilled down into the underlying data under certain circumstances has been fixed.

Looking Forward 

  1. We are beyond excited by the new dashboard and are hoping that you will deluge us with enhancement requests for new widgets to make it even better.
  2. We have moved to funky offices (offices, remember those?) near silicon roundabout. We have no intention of actually going there until lockdown is well and truly over but will bask in the warm glow of knowing that when we do we will be rubbing shoulders with other thrusting young technology companies…

Help
Our operating rhythm may have skipped the odd beat as we shifted into lockdown but yours needn’t – if we can help with anything vaguely AssetCore-related, need to be told about a bug or perhaps you want to be shown how some new feature works, please note that we are expert in the use of telephone, email, and the various web VC and screen sharing tools – and keen to talk.    

Release 2020.2

‘Neither snow nor rain nor heat nor gloom of Covid19 stays these computer programmers from the swift completion of their appointed rounds’ (with apologies to Herodotus and the US Postal service.)

I am pleased to announce the release of AssetCore 2020.2 to its adoring public. This month we are unleashing:

  1. Enhancements
    We have added a shared area for enhancement requests and fault reports reached through an ‘Enhancements’ link at the top of the page. Useful for keeping an eye on what those clever people at AssetCore are doing as well as adding to their to-do list.
  2. Portfolios
    Portfolio renaming and deletion is now possible from the portfolio list screen. One can also add or remove the results of drill-down reports to or from portfolios, simplifying portfolio management somewhat.
  3. Property Screen
    Users can edit directly from the property screen rather than having to upload another csv file.
    A new edit history is provided showing csv upload dates as well as manual edits.
    Users can select the effective date of the property information being viewed.
  4. Additional data
    15 fields have been added to the property record mostly in respect of rent, valuations, block safety and lease detail. A list is available…
  5. Reports
    When choosing columns it is now possible to drag and drop column names in the column picker instead of using the old up and down arrows.

Onwards, Upwards
All items being worked on for the next release are visible in the new Enhancements section of the product. Of particular note is the ability to automate the upload of rent (and other) information from external systems. Stay tuned to this channel for news of this and other vital improvements…

Help
Although we are all perforce, working from home, AssetCore is operating business approximately as usual. If you need help with anything, want to record a fault or just feel like a chat about the loo roll shortage, the usual routes are open by telephone, email, or the various web VC and screen sharing tools.  

Release 2019.12

I am delighted to say (a little belatedly) that a new version of AssetCore has hit the streets packed with the following exciting enhancements.

1. We have added a folder upload facility – entire folders and tree structures of documents can be uploaded at a time. Access to this feature is controlled by a new permission – if you or members of your team want to use it please contact us for set up and training. In the next release it will be made available by default to all users who already have permission to upload documents singly.

2. Following the improvement (earlier this year) to pie charts which aggregates pie segments less than 3% into one segment labelled ‘Other’, we have added a setting to all pie charts to tweak that percentage (set it to 0% to have no aggregation.)

3. Property data upload has been made a little easier to use – you now only have to provide columns for the 19 mandatory fields in your csv (previously you had to supply all 108 columns even where there was no data.)

4. Creation of large Portfolios is now much, much quicker thanks to some clever programming. Please don’t ask why we didn’t do it that way the first time…

Watch this space
We are building an area in the product where you can request new features and report faults (as if!) You will also be able to see what we are working on for the next release.

Help 
As ever, if you or your team would like to know how any feature works we can usually do a web conference (WebEx, Zoom, GotoMeeting, tin cans and string etc.) in two shakes of a lamb’s tail.