CODA Fast Close - Key features

Working in close collaboration with Microsoft, our CODA team has developed a powerful yet straightforward process control solution (CODA Manager) to transform documented procedures into systems that drive and protect the business. We have now applied these tools to address the specific issues and challenges around period-end close and financial reporting.

CODA Fast Close integrates seamlessly with ourown accounting solutions,  or other leading finance applications, such as SAP, Oracle or Microsoft. It combines our CODA Manager task modelling engine with widely used Microsoft® Office productivity technologies, such as: Outlook® (email); and InfoPath® (forms) and, where required, SharePoint® (standard portal).

This allows users to model, initiate and manage key processes:

• automating task assignment and management
• collating, tracking and clearly showing the owners, dependencies, timescales and progress of all tasks – via a shared web portal
• keeping all participants informed and aware of the input needed and when it is required
• creating audit trails and a document history to support compliance reporting and internal controls requirements.

The result is a simple solution that helps manage and streamline your period close and financial reporting, making every stage easier, clearer, more controlled and better coordinated for all concerned. It enables organisations to:

• help participants in the period end to work together more efficiently
• streamline, automate and integrate period-end processes
• cut the time staff spend gathering, checking, assessing and adjusting data from people and systems across the organisation.