|Page (1) of 1 - 06/14/12||email article||print page|
UNIT4 CODA Recognized for Transformational Financial Software ImplementationWork With Global Retailer Honored in "100 Great Supply Chain Projects" (June 14, 2012)
MANCHESTER, NH -- (Marketwire) -- 06/14/12 -- UNIT4 CODA, Inc., a division of UNIT4 (EURONEXT AMSTERDAM: UNIT4), the world's leading provider of business software for fast-changing organizations, today announced that a major global retailer's innovative implementation of its Coda Financials accounting software was recognized in the "100 Great Supply Chain Projects" as a part of the 11th annual Supply & Demand Chain Executive 100 awards.
To handle its rapid expansion and support its business goals, the furniture and accessory retailer turned to Coda Financials to streamline and standardize accounting processes across all countries, stores and finance departments. By implementing the robust financial software with "multi-everything capabilities," the retailer was able to get the speed, efficiency, agility and real-time business information it needed to support business growth.
"Companies doing business globally typically face the challenges of multiple languages, operating systems, processes and technology," said Steve Pugh, CEO of UNIT4 CODA. "The retailer innovatively leveraged the features of Coda Financials to address these issues, as our solution easily accommodates multiple languages, currencies, taxes, regulations, and other requirements. The retailer also achieved transparency and better reporting through Coda Financials' single ledger Chart of Accounts. This gave the company one real-time view of the data across the organization -- in essence, one version of the truth that helps it make more informed, strategic business decisions."
With Coda Financials, the retailer can compare the same type of information in all countries across the organization, and every store has on-demand access to actual, up-to-date performance data. In addition, the retailer gains critical visibility throughout its operations since the accounting solution can easily integrate and share data with other systems in the company, including: merchandizing, inter-company invoicing, B2B sales, freight invoicing, travel expenses, and payroll.
"Our goal with this year's '100' is to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value to small, medium and large enterprises across the different functions that comprise the supply chain," said Barry Hochfelder, editor of Supply & Demand Chain Executive. "The projects featured in the '100' serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations."
The Supply & Demand Chain Executive 100 recognizes supply chain solution providers, consultants and other organizations that are leading the way in transforming companies' supply and demand chains. Award submissions were evaluated by the magazine's editorial staff primarily based on: ambitiousness/scope of the project; creative application of technologies/solutions/services used; extent of the business results/impact; and clarity of submission. Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies. To learn more about the '100' awards, visit www.sdcexec.com.
About UNIT4 CODA
UNIT4 CODA, Inc. is part of UNIT4, a $603 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a "no compromise" approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter and LinkedIn or visit http://blog.unit4coda.com.
Copyright @ Marketwire
Related Keywords: financial software, supply chain, accounting software, retail, best-of-class, CODA, Marketwire, Inc., Financial, Computer Science, Business, Other,