2019 has been another strong year for the PBSA sector, with private student accommodation set to outstrip university provided accommodation. Research by KnightFrank suggests that investors are on course to pump £ 3.2 billion into the PBSA market in 2019. With investors from the US and Asia Pacific showing strong appetite for the market, we can continue to see significant M&A activity as well as new developments.
Against this backdrop, the London Property Week Student Accommodation Conference & Awards will be packed with presentations and discussion around how PBSA investors and operators can harness the opportunities and navigate the challenges. Student wellbeing, affordability and access to technology are essential for any player in this market to thrive in the coming years.
QX Finance and Accounting – Your Partner in F&A Transformation
Serving 4 of the top 10 PBSA companies in the UK market and 2 of the top 10 in the US market, QX is the specialist finance & accounting service provider of choice for several companies in the sector. We understand that a strong and reliable F&A function, and access to timely and insightful financial reporting, is foundational to the growth of any PBSA company.
But how to achieve this? Student accommodation businesses face complex accounting issues that stem from managing thousands of individual lettable properties across dozens of sites. In addition to the difficulty created by the sheer number and types of tenants and unavoidable tenant churn, there are several government regulations that demand compliance. The day-to-day accounting tasks and activities keep the staff busy, leaving little room for process improvement and transformation.
We understand that finance transformation is at the top of the priority list of FDs and CFOs in this sector. QX helps finance leaders in student accommodation companies to optimise their process, automate repetitive processes and reduce the cost of F&A operations, accelerating and supporting the process of finance transformation.
Download brochure for more details on our services.
QX at London Property Week Student Accommodation Conference & Awards
We are a regular presence at the event – this time we are exhibiting at Stand 47 as well as sponsoring the ‘Professional of the Year’ awards (Best to luck to all the participants!). Our mission for this event is to show how finance leaders in the PBSA industry can combine process excellence, intelligent automation and smart resourcing to accelerate the process of F&A process transformation.
Meet the A Team – Stand 47
QX Group CEO Frank Robinson is an influential board-level business leader with over 30 years' experience and a track record of successfully managing large-scale private label businesses,
Mahesh Jain, CEO QX F&A Services, is a Chartered Accountant with 18 years’ experience has overseen activities for smooth project transitions and process optimisation for clients belonging to diverse industries and operating across geographies.
Pom Chakravarti, QX’s Country Head – UK, possesses strong and varied experience in driving an overall project including process efficiencies through automation, process optimisation and smart resourcing.
Nishant Kumar, AVP Sales – QX, specialises in the PBSA sector, and possesses a thorough understanding of the challenges faced by PBSA companies and has been instrumental in charting a path for successfully resolving these for many of our clients.
Backed by years of experience in fostering business growth, Frank, Mahesh, Pom and Nishant can provide effective solutions to your finance & accounting related challenges and help your business become more profitable.
Book a Meeting to begin the conversation, or come and visit us at Stand 47!