Standard Life Investments has signed a contract worth £250,000 in software and services for CODA-Financials. Standard Life Investments is a principal subsidiary of Standard Life Group, which floated earlier this year in the largest UK IPO of 2006. The initial contract includes licences for 40 finance users, and investments in budgeting, forecasting and management information systems.
Standard Life Investments' continual expansion in the UK and internationally prompted the review of its finance systems, and CODA was chosen because it could best meet the company's unique requirements through its flexible chart of accounts. CODA-Financials is browser-based and provides multi-country and multi-currency capabilities. This, says CODA, makes it very relevant for financial services organisations operating different subsidiaries.
