FSN: Fast Close by CODA achieves SAP certification

Fast Close by CODA achieves SAP certification

26th February 2007
CODA says that its tool to help accountants close the books faster and with greater control – Fast Close by CODA 1.0 - has achieved “SAP xApps Certified – Powered by SAP NetWeaver” status from SAP AG. Fast Close by CODA can interoperate with applications from SAP and other vendors that are compliant with the SAP NetWeaver platform to help users improve period-end close processes.

The certification was achieved by demonstrating that Fast Close by CODA is compatible with the SAP NetWeaver Portal and meets all of the technical and business criteria established by SAP for its SAP xApps Certified status.

During the course of certification testing, CODA demonstrated the process of Bad Debt Provision, automatically extracting relevant data from the mySAP Customer Relationship Management (mySAP CRM) and mySAP ERP Financials applications, presenting it in a simple format to the Financial Controller for review, and then posting the approved journal back to mySAP ERP Financials.

ERP applications such as those from SAP manage users' financial data, but the nature of the tasks involved in closing the accounts each month means that many activities take place outside of those applications, generally involving many manual tasks. Fast Close by CODA is designed to address these needs by automatically scheduling the tasks, standardising the whole process and making it visible to the financial controller.

Jeremy Roche, CODA Group CEO, said: “Many customers are looking for a tool that can integrate with their ERP application to help them close the books in a faster, more controlled manner. This release of our product is specifically designed to operate with SAP applications to help customers automate critical month-end-close processes.”

“SAP xApps Certified solutions enable continuous business innovation and provide customers with the flexibility to respond quickly and profitably to business change, while leveraging and protecting existing IT investments,” said Kevin Ichhpurani, vice president, Global Software Solution Partner Program, SAP. “By certifying ISV solutions that complement the SAP xApps family of composite applications, we continue to deliver to our customers innovative and flexible solutions built on SAP NetWeaver that provide end-to-end business processes for solving concrete business problems.”

Fast Close by CODA for SAP solutions is available now. CODA says that once implemented, the user interface of Fast Close by CODA takes on the same look and feel as existing SAP applications, as defined by the user, to help ensure consistency and user familiarity, thus minimizing training costs and skills issues.

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