Financial Software supports global retailers.
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Press Release Summary:
Leveraging SOA capabilities, CODA Financials v11.3 provides financial support to retailers by providing stream of cohesive, actionable data. Additional features include international capabilities, dual line level and quantity invoice matching, as well as group level balancing. Also, customization capabilities let users create screens, actions, and activities that match work needed to get done. Further functionality also eliminates need for additional procurement software.
Original Press Release:
CODA Delivers New Financial Software Release Aimed Specifically at Global Retailers
Version 11.3 Includes Major New Invoicing, Workflow, Customization Capabilities; Industry-Specific Features Eliminate Redundant Systems, Processes; Boost Profit Potential
SLIEDRECHT, the Netherlands, Unit 4 Agresso (NYSE Euronext: U4AGR), parent company of financial software specialist CODA, stated today that it has released an important new version of its CODA Financials Solution geared specifically to mid- and large-sized retail companies although it offers new enhancements which will assist organizations in all markets, industries and sectors. Adding capabilities to the already much-heralded Version 11 product line delivered by CODA in 2008, the new software release is available immediately as a best-of-class financial management solution for global organizations.
With more than 2,800 customers and installations around the globe, CODA Financials is known for its international capabilities, the rich integration offered by its LINK Architecture, which plugs and plays with all of the world's leading enterprise solution providers and its real-time accounting strengths. Leveraging the most advanced services-oriented architecture (SOA) capabilities, and providing a rich stream of cohesive, actionable data, CODA Financials enables companies to retain the value of their currently installed enterprise solutions, while gaining more advanced financial support capabilities. The solution provides extensive interoperability value for companies in high-change environments that need to continually adjust technology infrastructure to support industry consolidation, geographical expansion or contraction, changing business models, etc.
CODA's newest 11.3 release is particularly relevant to the retail sector, which arguably has been the hardest hit vertical market during this recession. Faced with a daunting combination of cash and credit constrictions not only for themselves, but for shoppers as well; rising energy prices for operating stores and shipping goods; commercial real estate leases or ownerships that have been poorly negotiated, etc.; retailers' forecast little top line growth for the holiday shopping season and the year 2010 as well. This newest CODA Financials version 11.3 release is designed for strong impact to retailers' bottom lines. CODA already is installed at 25-30% of the U.K.'s top retail market, and is aggressively penetrating new markets.
A Product Built by Retailers with 3 Core Advantages
Retail Insiders within the CODA customer base collaborated to build out a list of technology requirements they felt would best support their most urgent business requirements. The CODA management group used their inputs to create a "living roadmap" that was interactively managed between CODA product development team and the customer base. This open development environment empowered retailers to both select desired features, but also to see the impact of time involved for each new feature added. This natural, iterative selection allowed customers to select what they most needed within the timeframe they found most favorable.
Four key features headline the 11.3 release:
- Dual line level and quantity invoice matching - This enables organizations to record, track and report on bills via alternate input formats.
- Group level balancing - A key capability for extremely high volume invoice matching.
- Personalized customization capabilities - Streamlines business processes by enabling business users to create screens, actions and activities that match the work that they need to get done, in the way they need to do it. This is a direct result of CODA's purpose-built workflow engine
- Elimination of additional procurement software - This is both a money and time saver as the elimination of an add-on procurement system is not necessary.
"CODA has long been known for its powerful financial analysis and reporting capabilities, as well as its flexibility and deep integration capabilities," said Ton Dobbe, Vice President of Product Marketing for Unit 4 Agresso. "What makes this release really special is that we're further leveraging our deep vertical market experience and customer base to deliver a powerful solution to an industry that has really been through the wringer over the past year."
About CODA
CODA was founded in 1979 and has around 500 employees working at 18 offices in 14 countries. It creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of financial directors and finance Departments. These include integration-ready financial management systems, analysis applications, and business process management and control software to implement compliance solutions. CODA software is designed for multi-currency, multi-language, multi-country, multi-company and multi-site operations and is differentiated by its CODA LINK architecture that gives Financial executives a 'no compromise' approach to application change management. It is used by around 2,800 medium and large organizations in over 100 countries in a variety of markets and within both public and commercial sectors.
