The latest version of the CODA-Financials accounting system underlines CODA Group's continuing ambitions to expand internationally. Dave Turner of CODA Group told FSN that following the success of a number of country based acquisitions late last year, CODA is positioning itself to act as the financials backbone for vertical market solutions as well the solution of choice for shared services centres.
Turner told FSN that new features to be showcased at CeBIT in Hannover this week include a full web-browser capability for easy remote access and new web services architecture for easy integration with other systems.
Many organisations are striving to drive down the cost of finance and to improve compliance and control by standardising on financial processes and systems, says Turner but there are few packages that can handle the requirements. "Apart from the big ERP applications, CODA-Financials is one of the very few that can be used in a 'single instance' – one implementation that supports multiple diverse, international operations," he told FSN.
The latest version of CODA-Financials is built on a full Service Oriented Architecture (SOA) which allows CODA to integrate its financials with a wide range of third party systems via web services and reduces the complexity of maintenance. Turner believes that CODA may be the first global finance solution to be built on a SOA architecture. "The foundations for this technology date back to the 90's when Baan owned CODA and invested significantly in leading edge development at a very early stage," Turner told FSN.
CODA's CEO, Jeremy Roche said "By making CODA-Financials fully web-services enabled and SOA compliant it becomes even easier to integrate with other line-of-business applications. That makes it ideal for partners and clients alike, who have specialist business systems but need a world-class finance application to 'plug in' that will help them meet international accounting requirements, meet their compliance needs and support them as they grow."
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