CODA-Financials, the best-of-breed financials solution from CODA Group, has won the 2002 Accountancy Age Award for Best Enterprise Software Package. This is the second consecutive year that CODA-Financials has scooped the prestigious award. CODA-Financials was selected because of its proven delivery of real-time financial analytics for corporate performance management.
Accountancy Age, established in 1969, is one of Europe's industry-leading publications for business and financial accounting professionals with a circulation of 78,000 accounting professionals across the UK. The annual Awards for Excellence are chosen by a judging panel of 17 leading consultants and are the only awards that recognise excellence across the whole accounting profession.
CODA's award was accepted by CODA Group's newly appointed CEO Jeremy Roche at the Award ceremony held at the Natural History Museum in London last night. 'We have been successful once again because we provide solutions for our customers' business needs - in particular the need to have real-time financial analytics for corporate performance management,' commented Jeremy Roche.
'CODA-Financials forms part of an enterprise financials suite that ensures fast and accurate decision-making, and complete corporate transparency - absolutely crucial post-Enron. Our product offering is further strengthened by our unique consulting practice that helps companies improve their analytic processes and ensures that their accounting systems comply with International Accounting Standards ahead of the 2005 deadline,' Jeremy Roche continued.
What the customers say about CODA-Financials:
Technical innovation - zero latency resolved
This year CODA extended CODA-Financials with a major new enterprise planning solution, CODA-Planning, to tackle the requirement for zero latency in business decision-making.
'CODA-Planning has enabled us to slash time-to-decision by eliminating hundreds of standalone spreadsheets used for budgeting and planning. Consequently, we've increased efficiency by 40 per cent and can now calculates annual actual and budgeted spends in just 45 minutes.'
Rose Melillo, Financial Systems Manager, Murray, Inc.
Functionality - real-time business information across enterprise and beyond
CODA launched Version 9e this year to provide organisations with enterprise-wide, real-time business analytics to accurately monitor, control and drive performance.
'CODA-Financials… provides us… with the comprehensive financial intelligence we need to make key business decisions. We have a clear real-time view of the business across all regions - regardless of the country or currency the separate business operations trade in.'
Julian Swayne, CFO, Baring Asset Management
Design quality -flexible deployment offers real choice; best-of-breed is best
CODA's best-of-breed financial accounting solutions are built upon an open and flexible architecture, ensuring they interface with any number of business operating systems, across any number of platforms. They are ideally placed to handle the retail industry's specialist needs.
'CODA interfaces with our EPoS and stock management systems to provide standard reporting that enables us to look at profit and loss, gross margins and invoice matching - the sort of things we previously had to do manually with spreadsheets.'
Kim Horosko, Director of Finance at HMV Group
Value for money - ROI
CODA Version 9e financial analytics suite is the first to provide 'load and go' functionality. It can be implemented in under one day to ensure corporates get rapid ROI and avoid costly and lengthy implementations.
'With browser-based accounting we will save hundreds of thousands of dollars previously spent on maintaining our WAN and will also be able to add more users quickly and at little cost as LIN TV continues to grow.'
William Cunningham, Vice President and Controller, LIN TV
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About CODA Solutions
CODA-Intelligence is a sophisticated analytic application, which provides the CFO (Chief Financial Officer) and other key information consumers with rapid access to timely financial intelligence from anywhere in the world. The solution fully integrates with CODA-Financials and can run across other enterprise applications.
CODA-Financials is a global financial accounting solution that enables fast-moving organisations to benefit from high-volume transactional accounting and enterprise-wide financial information in realtime. It is highly sophisticated and integrates easily with other enterprise systems to handle even highly complex enterprise requirements.
The CODA 'e' suite is a set of web-architected products that can help organisations improve every aspect of their existing administrative and procurement processes. CODA e-Finance and e-Procurement enhance information visibility, inter-company working relationships, speed and quality of service, control and decision making capabilities.