Covalent Chosen by Central Housing Investment Consortium to Improve Performance Management
London, UK - 27 April 2011: Covalent Software, a leading provider of corporate management software applications, today announces its appointment by the Central Housing Investment Consortium (CHIC) to drive improvements in performance management with its Covalent Corporate Performance Management (CPM) software. CHIC will use Covalent CPM to enable the costs and delivery of all works and services to be monitored and managed more effectively.
Covalent CPM will be used by CHIC to monitor Key Performance Indicators at various levels ranging from high level KPIs relating to all work-streams and work packages, down to those applying to specific contracts and service providers. The deployment will provide CHIC with key data and information to measure efficiencies and value for money achieved, as well as the ability to monitor the performance of each contractor or service provider.
Commenting on the selection of Covalent, CHIC Project Consultant, Julian Knapp said, “The Covalent offering consistently outshone the competition throughout the selection process. The very early stages of engagement with the product are going well and Covalent will act as the internal auditor to the procurement consortium’s progress and validate the savings and efficiencies that are being achieved, through detailed use of performance indicators and benchmarking.”
Formed in early 2010, CHIC is a consortium of eight member affordable housing landlords, working across the Midlands. CHIC’s members work together to deliver sophisticated asset management solutions, to drive quality up and cost down. Supported and sponsored by the Homes and Communities Agency (HCA) and the National Change Agent (NCA), CHIC also works directly with members, contractors and the supply chain to coordinate a range of employment and training initiatives.
Peter McHugh, CEO and founder, Covalent Software said, “Social housing providers face a great many challenges in the current economic climate, focusing around securing cost savings, while also high levels of service. As a result, performance management has become more important than ever. Covalent CPM automates the process allowing better monitoring and control of costs and the supply chain, and we are delighted that CHIC has become our latest social housing customer.”
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Covalent Software Ltd is a leading supplier of corporate and employee Performance Management software applications. Covalent improves organisational performance by helping managers and boards monitor, analyse and confidently make informed decisions that lead to better strategy execution. The Covalent suite, delivered as a SaaS solution, comprises corporate metrics; employee appraisals and talent management; and governance, compliance and risk management applications. Covalent is used by nearly 30,000 users in 190 organisations to actively manage their KPIs, actions and risks in line with personal goals that align to organisational objectives. To learn more, visit www.covalentsoftware.com
Jo Ashford / Anne Ligory
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