Topics: Student accommodation
Posted on November 30, 2021
Written By Siddharth Sujan
For a major part of 2021 & 2022, UK’s purpose-built student accommodation (PBSA) industry has been affected by travel restrictions and frequent lockdowns, resulting in low occupancy levels across the board. In this atmosphere of uncertainty, some doubts have been raised about the what is generally considered to be one of the most stable asset classes.
Against the backdrop of some students are finding their way back into the classrooms and new virus strains threatening to put the brakes on recovery, Property Week’s annual Student Accommodation Conference & Awards 2021 is expected to provide valuable insights into what lies ahead for PBSA, in addition to celebrating the industry excellence from this past year.
QX Global Group is delighted to be exhibiting at the event, to be held on 8 December 2021 at the InterContinental London – visit us at Stand Number 2 to connect with our PBSA accounting experts.
In the post-pandemic business landscape, PBSA companies that leverage the right technologies, ideas and processes are more likely to stay ahead of the curve and experience rapid growth. With competition fiercer than ever, finance leaders are expected to face added pressure to optimise the accounting function and contribute to business growth.
QX has worked with four of the top ten student accommodation companies in the UK, helping them bring down their accounting cost per bed to improve NOI, by setting up future-ready shared service centres.
But what makes QX different? To start with, the QX team holds rich industry expertise and has been providing outsourced finance & accounting services for more than 18 years now. Leveraging a deep talent pool of property accountants, latest technologies and industry-best practices, we have been able to provide F&A services for 150,000+ beds spread across 250+ sites.
To add to that, we follow a unique partnership approach that allows us to work closely with our clients, understand their specific needs and deliver highly customised & scalable F&A back-office services.
CLICK HERE TO KNOW ABOUT QX’S SERVICE OFFERINGS FOR THE PBSA INDUSTRY.
The QX team is excited to be exhibiting at this event. Our mission for this event is to network with industry professionals and showcase how QX can combine process excellence, intelligent automation, and accounting expertise to optimise F&A function for PBSA companies.
Nishant Kumar, VP Sales (EMEA & APAC), has worked closely with some of the biggest names in the UK PBSA industry. He holds rich experience in driving F&A transformation projects helping companies meet their efficiency targets through automation, process optimization and smart resourcing.
Abhijeet Soni, SVP F&A Operations has spent more than 15 years in transitioning, managing and optimising finance and accounting operations. He has enabled several clients from PBSA and Proerty Management industries to achieve cost savings and drive efficiency gains through business process transformation.
Joining them will be Kavitha Mooteri, Senior Client Service Partner, a seasoned F&A professional with 20+ years of experience in customer service, transitions management, project management, service delivery, and account management. She works closely with our clients in the UK to maximise their growth potential through the combination of right sourcing, intelligent automation and process optimisation.
If you are interested in reducing your accounting cost per bed, improving NOI and accelerating finance transformation – don’t forget to swing by Stand #2.
Originally published Nov 30, 2021 01:11:12, updated Jun 26 2024
Topics: Student accommodation