Launch of CODA-Dream at Softworld Spring 2003

Stand 245, Grand Hall, Olympia, London - 5-6 March 2003

At Softworld Spring 2003, CODA Group will launch CODA-Dream, its award-winning financial accounting solution for SMEs. CODA-Dream, previously SquareSum's DREAM accounting solution, will be integrated with CODA-Intelligence, the foundation for CODA's Corporate Performance Management (CPM) solution, to ensure that increasingly sophisticated SMEs gain levels of business performance information previously only available to large enterprises. For the first time, this will enable SMEs to monitor, analyse and report at every level of the business and stay on top of the factors that drive their business.

Following CODA's acquisition of SquareSum in January 2003 and the rapid integration of the two businesses, CODA-Dream has been awarded accreditation by the Institute of Chartered Accountants in England and Wales (ICAEW) under its IT Accredited Product Scheme which advises SMEs on accounting software. Baker Tilly, a leading provider of accounting services to SMEs in the UK, carried out the review of CODA-Dream under the Scheme. The review of CODA-Dream was rigorous and covered key areas such as security, integration with other packages and the Web, as well as core accounting functions.

John Oates, Specialist IS Consultancy and Assurance Partner at Baker Tilly commented: 'I cannot think of a better business fit than CODA's acquisition of SquareSum, which brings together two award-winning, best-in-class accounting products. CODA will take DREAM forward strongly by allowing it to integrate with its other enterprise solutions and providing the highest levels of support for new and existing customers.

'CODA-Dream is a comprehensive, yet easy-to-use solution that performs extremely well in all the areas we tested so we were delighted to put it forward for ICAEW accreditation. Accreditation will help to increase CODA-Dream's reach across SME markets where chartered accountants often look to the IT Faculty within the ICAEW for guidance when selecting their corporate accounting software,' John Oates added.

Senior CODA executives will be attending Softworld, including CEO Jeremy Roche, CODA's new UK Managing Director Mike Starkings, who was previously Managing Director at SquareSum, International Marketing Manager David Turner and Ann Fearnley, CODA's new Channel Manager.

At Softworld, CODA will also demonstrate the advanced Balanced Scorecard functionality within CODA-Intelligence which allows organisations to measure performance at every level of the business: from a strategic analytic level through to operational and transactional levels.

CODA's acquisition of SquareSum
CODASciSys finalised its £9 million acquisition of SquareSum on 7 January 2003. The acquisition brings together two award-winning financial accounting products to provide accounting solutions from SME through to enterprise level.

The acquisition adds 250 Dream clients in the UK and abroad including household names such as Inchcape, BAE Systems, Travelex and all:sports. It increases CODA UK's market share considerably and brings its worldwide client base to over 2,300. In particular it enhances CODA's presence in the retail, leisure and financial services sectors.

About CODA solutions
CODA-Intelligence is a powerful Corporate Performance Management 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. CODA-Intelligence integrates with Cognos Metrics Manager to provide powerful scorecarding functionality and it can run across other enterprise applications.

CODA-Planning is a highly sophisticated, Web-based solution that integrates directly with an organisation's existing financial accounting and procurement solutions to help businesses close the traditional planning gap. With CODA-Planning, businesses can now take control of the planning process, and move beyond traditional manual planning to help ensure predictable, profitable business activity.
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 real-time. 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.
CODA-Dream provides SMEs with a sophisticated, best-of-class financial accounting solution. It is based around a unified ledger design and has been written and developed using the latest Microsoft technologies to ensure easy integration with other applications. CODA-Dream has excellent Internet, e-commerce and XML capabilities, supporting the latest BizTalk Server 2000 XML framework. It has also been fully certified by BASDA for eBIS-XML messaging, euro-compliance and VAT.

About the ICAEW
The Institute of Chartered Accountants in England & Wales (ICAEW) is the largest professional accountancy body in Europe, with more than 123,000 members. Three thousand new members qualify each year. The Institute operates under a Royal Charter, working in the public interest. Its primary objectives are to educate and train Chartered Accountants, to maintain high standards for professional conduct among members, to provide services to its members and students, and to advance the theory and practice of accountancy. Additional information about the ICAEW is available at:
http://www.icaew.co.uk and about its IT Faculty at: http://www.itfac.co.uk

About CODA
CODA is a leading global provider of corporate performance management and accounting software. Its best-of-breed solutions provide organisations - from SME to enterprise level - with complete financial transparency to monitor and manage performance through real-time business analytics. More than 2,300 organisations worldwide use CODA solutions in public sector and commercial environments. These include Trinity College Dublin, ECGD (Export Credits Guarantee Department), Westminster Health Care (UK) Limited in the public sector, and IKEA, P&O, Vivendi Universal and Baring Asset Management in the commercial.

CODA is headquartered in the UK, has global sales, service and support operations, including its R&D Centre in Harrogate, and employs 450 people worldwide. CODA's parent company, CODASciSys Plc, headquartered in Chippenham, is listed on the Alternative Investment Market of the London Stock Exchange (stock symbol: CSY). Additional information about CODA is available at: http//www.coda.com

For more information, please contact:

David Turner
CODA International Marketing
Tel: +44 (0)1423 509999
david.turner@coda.com

Cheryl Billson
IBA, PR for CODA
Tel: +44 (0)1780 721433
cbillson@iba-europe.com

John Oates
Baker Tilly
Tel: +44 (0)161 827 1969
john.oates@bakertilly.co.uk