In June 2012, Tribal’s K2 Asset Management solution was selected by the Ministry of Education in New Zealand to manage the government’s estate, assets and maintenance responsibilities for around 2,300 school properties around the country.
The project was designed to replace the Ministry’s existing 22 year old information system, which did not allow them access to the level of detail and control needed.
With a replacement property portfolio valued at $22 billion, it was vital that the Ministry could effectively manage its national state school property portfolio. It needed to manage the acquisition and disposal of assets, understand and manage its costs and recognise and minimise risk.
Now the schools property portfolio in New Zealand is managed by Tribal’s K2 solution. K2 has been integrated with a number of other business systems within the Ministry, and will become the single source of government record for all school property data nationally.