News Article

New version of OCRA Consolidation & Cash delivers out-of-the-box integration with Agresso and Coda Financials

 

12 February 2013

Sliedrecht, The Netherlands, 12th February  2013UNIT4, the cloud-focused business software and services provider for Businesses Living in Change, today announced the launch of OCRA 4.4, the latest release of the Group’s Consolidation, Cashflow Planning and Financial Reporting suite. The key enhancement is a new, out-of-the-box integration with Agresso and Coda Financials, which enables organisations to have direct access to essential business and finance data using web services.

 

UNIT4 OCRA is a solution with a proven track record in delivering comprehensive group consolidation and reporting, cash planning and financial performance analysis to some of the largest and most complex multi-company or international organisations around the world. In today’s challenging economic environment, cash has become a strategic resource for growth. It is vital to have a clear picture of an organisation’s current cash position and the cash needs for the future to be able to successfully manage the business.

OCRA’s out-of-the-box integration with Agresso and Coda Financials further increases the ease-of-use and low cost of ownership of OCRA Consolidation & Cash. The key elements of each are as follows:

•    OCRA Consolidation: handles the process of reconciling and combining the accounts from across a group of companies (and their various ERP, finance and other business systems), into a single intelligent financial data warehouse that holds all data for financial reporting, as well as statistics and key performance indicators, for any segmenting of the business. It delivers a rich range of options for financial control and statutory group accounting (including facilities for automated consolidation processing, allocation handling and cash-flow statement/analysis), together with multi-dimensional reporting and analysis tools, which enable different users to gain the individual perspective on the figures that they need.

•    OCRA Cash: provides an organisation with the ability to seamlessly integrate intercompany netting and cash planning functions with the rest of its consolidation and financial reporting and controlling processes. Such capabilities help maximise the value of the treasury function by reducing costs and improving transparency. With the click of a button, the intercompany netting module can eliminate more than 90% of all intercompany payments – reducing the number of transactions to a minimum, together with the associated transfer costs (transaction fees and bank float). In addition, the Cash Planning module will automate and simplify the reporting of an organisation’s bank balance today, with the liquidity need for the future. In one single screen environment the liquidity flow is managed by currency, cash-pool and bank account, combining both short term day-by-day planning with longer term weekly to monthly forecasting.

Other core features of OCRA 4.4 include:

•    A simple URL generated by OCRA allows end-users to access transaction data that has been imported into OCRA from either Agresso or Coda Financials simply via a browser. In addition, it is possible to drill down to an individual transaction at the click of a mouse, which enhances analysis and decision making.

•    Dual security procedure on importing/accessing data. Security of data remains paramount and as such users that use OCRA to access Agresso or Coda will need to enter an extra set of credentials prior to import or to access any source system data.

Ton Dobbe, VP Product and Product Marketing for UNIT4, commented: “OCRA is a flexible and easily adaptable suite that helps Businesses Living IN Changes to have a 100% accurate view on consolidation and cash flow planning challenges, particularly in times of change such as mergers & acquisitions or business restructuring. At any time an organisation using OCRA can retrieve up-to-date, reliable numbers, at group level, by legal entity, or even at individual business area, product or department level. With the added out-of-the-box integration with Agresso and Coda Financials OCRA is a very compelling option for mid-sized and large organisations with dynamic or complex multi-company and/or international requirements.”

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About UNIT4

UNIT4 is a global cloud-focused business software and services company aimed at helping dynamic public sector and commercial services organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)™. The Group incorporates a number of the world’s leading change embracing software brands including Agresso, our flagship ERP suite for mid-sized services intensive organizations; Coda, our best-of-class financial management software; and FinancialForce.com, the cloud applications company formed with investment from salesforce.com.

With operations in 26 countries, across Europe, North America, Asia Pacific and Africa, revenue of €445.8 million was realized in 2011.

UNIT4 is headquartered in Sliedrecht, the Netherlands and has over 4,000 employees. It is listed on Euronext Amsterdam by NYSE Euronext and is included in the Amsterdam Midcap Index (AMX).

For more information on UNIT4 or any of its operating companies, please follow us on Twitter @UNIT4_Group, visit our Facebook page http://www.facebook.com/UNIT4BusinessSoftwareNV and visit the website at www.unit4.com


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