Bradford & Bingley meets challenge of change with CODA financial software

Bradford & Bingley Plc has undergone significant organisational change in recent years. Its retail branch network was acquired by Santander and the rest of the business, including the mortgage operation and headquarters, was taken into public ownership by the UK Government in 2008. As a result of the changing trading environment it finds itself in, Bradford & Bingley has decided to move to a more cost effective operating platform for its accounting systems and has selected CODA Financials from UNIT4 Business Software Ltd to help address those changes and ensure that service standards are maintained while it manages down its mortgage book.

Following an in-depth evaluation of several of the market’s leading ERP and financial software providers Bradford & Bingley selected CODA Financials. Tyrone Griffiths, Project Manager for Bradford & Bingley, commented: “These are challenging times for the financial services industry and we needed a best-in-class financial management solution that had a proven track record in our sector, on our chosen platform and was quick and easy to implement.   Cost effectiveness was a key driver in our selection as we wanted to move our accounting applications from our previous mainframe environment onto a much more cost effective platform that could seamlessly integrate with our other line-of-business applications. That said we would not compromise on the quality and depth of information our chosen solution could generate about our business for our stakeholders.  In selecting CODA Financials we found our solution.”

Anwen Robinson, UK Managing Director for UNIT4, concluded: “This win is significant for us as it demonstrates that our solutions really are helping organisations cope with the changes resulting from the downturn. The proven ease of integration, configurability, agility, low cost of change and low ongoing maintenance and support costs associated with CODA Financials have once again helped us to become the solution of choice in this ever more competitive business landscape.”

ABOUT UNIT4
 
UNIT4 is a global business software and services company aimed at helping dynamic 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 Business World and CODA financial management software.
 
For mid-sized services intensive organizations, UNIT4 markets the Agresso Business World ERP suite that is widely acknowledged as the business software solution that delivers the lowest Total Cost of Change. This is achieved thanks to its VITA™ architecture which allows for ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year.
 
CODA Financials is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA’s LINK™ architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast-changing and mixed application environments. It is a global accounting solution for mid-to large sized organizations, offering a "no compromise" approach to financial modeling, process control and application choice.

UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 13 European countries, as well 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of €379.4 million was realized in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 3,456 employees (31 December 2009).
 
For more information, please visit: www.unit4.com, or call:
Emma Hoyle
Group PR Manager
UNIT4
+44 1423 537 977
emma.hoyle@unit4.com