UK charity chooses COA Solutions   21st April 2008 Prospects for People with Learning Disabilities - a leading UK Christian organisation providing residential support and day services to people with learning disabilities – is implementing an OpenAccounts financial and reporting system from COA Solutions (formerly CedarOpenAccounts). The new OpenAccounts system will support the charity's growth, improve financial reporting and enable its finance department to spend more time on value-adding activities. Prospects required a scalable financial management solution to replace its restrictive accounting system and to significantly reduce the time and money spent on invoice registration, reconciliation and authorisation. Following a competitive tender, Prospects chose COA Solutions' the only system evaluated which is tailored to accounting with designated and restricted funds. The charity says that COA Solutions demonstrated a clear understanding of the not-for-profit sector. Helen Preece, Finance Director of Prospects, comments, “Our previous financial system was restrictive when we needed to extract financial information for reporting purposes. Carrying out basic day-to-day accounting processes also proved to be more and more time consuming as we continued to grow. COA Solutions has an excellent reputation within the not-for-profit sector and is the only company to completely understand all of our needs as a charity and meet our requirements.” The OpenAccounts software will allow Prospects to centralise financial operations at its head office in Reading , which services over 60 service centres in England , Northern Ireland and Wales . This new system will significantly improve efficiency and improve the type and amount of information available, helping to improve the charity's performance whilst ensuring greater financial control. Preece adds, “COA Solutions' OpenAccounts system will save time and boost our efficiency by allowing the finance department to concentrate on value-adding activities. The new system will also bring us significant cost savings as by cutting manual processing, we won't have to employ any additional accounts staff to support the charity going forward.” Prospects will go-live with the new system on 16 April 2008. UK charity chooses COA Solutions.
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