Glasgow Tech Firm Launches New App for Factors and Block Managers as it Celebrates 10 Years in Busin

27th August 2020
Glasgow Tech Firm Launches New App for Factors and Block Managers as it Celebrates 10 Years in Busin

Glasgow-based CPL Software, which produces software solutions for the property factor and block management sectors, has launched an industry first with its innovative Blockworx app that allows property factors and block managers to communicate with contractors, and organise repairs and maintenance easily and quickly.

Representing a £150,000 investment for the company and 18 months in the planning, Blockworx – which went live on Monday – connects contractors to property factors electronically, saving time and money. Brian Welsh, managing director of CPL (pictured), founded the company in 2010 following a management buyout. He said: “This is the latest in a series of innovations that has seen us build innovative technologies to streamline and digitise a market that has been manually labour intensive.

“Back in 2015, we introduced a client portal and app to enable factors to communicate electronically with their clients, view invoices and make payments. Blockworx now allows factors to communicate with contractors and further digitises the sector.”

CPL’s software technology arm, designed by its team based in Southampton, manages just over 320,000 properties via a growing client base. Mr Welsh said: “Property factoring has undergone a huge transformation in digitisation and automation across the last decade with CPL Software at the forefront of this change.

“The property factoring industry is complex because businesses must carefully manage the needs of homeowners while working with contractors on a daily basis,” he added. “Our success lies in the fact that we have developed our software over the last 10 years to offer solutions which have often led to the development of other industry-leading developments.”

CPL has maintained service levels during the coronavirus pandemic. “With Blockworx launching at the same time as the pandemic hit, it has shown just how important technology is in our sector,” said Mr Welsh, who believes that technology will play an even bigger role in helping property managers and block managers work effectively in the future.

Over the last 10 years, the team has grown from three in 2010 to 15. Mr Welsh added: “We will continue to focus on enhancing efficiencies for our clients and providing more joined-up electronic communication methods throughout the factoring and block management space.

“Getting through the pandemic has been a challenge for the team and me but we have learned a lot. This is still an exciting time for us and we are looking forward to growing the business over the next 10 years and beyond.”

About CPL Software

CPL Software was established in April 2010 with offices in the west end of Glasgow and Southampton. CPL Software designs and produces software solutions for the property factoring and block management industries. There are about 650,000 units in Scotland factored by 400 companies – approximately 350,000 units are managed by private factors and 300,000 by housing associations and councils. CPL works mainly with private factoring firms and power about 90% of that market.

Sister company, INSPCT Ltd, launched in 2019 offering a flexible, bespoke reporting app for property factors, block managers construction, contractors and letting agents. The company supports the PMAS (Property Managers Association Scotland) in and is an associate member of ARMA (Association of Residential Property Managers) in England and Wales.