HOUSING. Empowering Better Financial Management.
At SoMax Finance, we help housing associations modernise their financial operations, replacing outdated, manual processes with intelligent, cloud-based finance systems that enhance visibility, efficiency, and control. Housing association finance teams face the challenge of moving away from legacy housing and finance management systems, while mergers in the sector often result in multiple incompatible platforms. With years of hands-on experience in the housing sector, our team understands the real challenges finance teams encounter, from manual workarounds to the complexity of managing multiple systems.
Our consultative approach ensures every solution is tailored to sector-specific requirements, from service charge accounting and component management to compliance, consolidation, and group reporting, delivering clarity, consistency, and confidence across the organisation.
Why SOMAX.
Automating Complexity.
Legacy finance systems often rely on manual data entry, disconnected spreadsheets, and limited reporting. SoMax helps housing associations automate core finance processes, including purchase-to-pay, service charge accounting, and component accounting, reducing administrative burden while improving accuracy and audit visibility.
Effortless Financial Oversight.
Our cloud finance solutions provide complete oversight, from consolidated group performance to detailed fund, entity, and transaction-level reporting. With live, multi-dimensional reporting and role-based dashboards, teams can track funds, monitor budgets, analyse performance, and forecast with confidence anytime, anywhere.
Seamless, Connected Systems.
We ensure your finance system integrates effortlessly with housing management systems, payroll, and CRM platforms. Using open APIs, our team designs, builds, and maintains secure integrations that unify data, automate workflows, and deliver real-time financial insight across your organisation.
Move Beyond Legacy Systems.
With many housing associations still operating on ageing finance platforms, the risks of inefficiency, reporting delays, and compliance gaps continue to grow. SoMax helps you take the next step, implementing a modern, connected finance system that scales with your organisation and supports your long-term housing mission.
How SOMAX Reduces Complexity for the Housing Sector.
- Financial Management System
- Project Management & Implementation Support
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System Integrations
- Scalable, Cloud Based Architecture
- Accurate, Multi-Dimensional Reporting
- Purchase-to-Pay (P2P) Automation
- Intercompany & Group Accounting
- Advanced Workflow & Approval Automation
- Service Charge Accounting Support
- Budgeting, Forecasting & Variance Analysis
- Partial VAT Automation & Compliance
- Fixed Asset Depreciation Management
- Component & Asset Accounting
- Document Management & Audit Trails
- Bank Reconciliation Automation
