At a glance
UNIT4 Coda Financials is an award-winning suite of global accounting and broader financial management applications, including:
- General Ledger
- Accounts Payable
- Accounts Receivable
- Fixed Assets
- Project Accounting
- Spend Management.
It enables organizations to streamline and automate their finance processes, embed best-practice and improve business visibility, compliance and corporate governance.
It also gives you complete freedom of choice and ongoing business agility, by integrating easily and flexibly with your other key business systems – without affecting them, or being affected, when individual applications need to be changed or replaced.
A better solution
Coda Financials delivers real-time financial visibility and control across an organization’s people, processes and IT systems.
- Delivering better efficiency, consistency and accuracy
Coda Financials is the world’s original unified-ledger, global accounting system. Unlike modular systems, the financial data for your various ledgers is held within one combined database, updated in real time, without needing reconciliation. That can deliver cost savings of over 50% and ensures you always have the true picture of your organization’s financial position.
- Handling the most complex challenges
Our solution’s “single instance, multi-everything” approach not only creates a single version of the truth but also provides the complete flexibility and scalability to cope with: complex structures; local accounting needs and practices; and international trading, whether in a dispersed or centralized, shared services environment.
- Minimizing compliance risks
It helps CFOs to overcome mounting regulatory pressures by enabling end-to-end compliance across a wide range of regulatory regimes, for example: Sarbanes-Oxley, multiple GAAPs and IFRS. It also provides a platform in which business systems can be added, kept or changed without losing control or increasing the risk of non-compliance.
- Safeguarding business agility
Coda Financials has an innovative and unique architecture that provides unrivalled integration and interoperability. So you can combine our great accounting solution with all the specific operational applications you need, to deliver the best functional coverage and to work seamlessly together – even when changes are needed.
- Delivering better efficiency, consistency and accuracy
UNIT4 Cloud advantages
Free your apps; free your resources...
Traditional on premise software locks you into a resource-hungry cycle of IT “ownership” and management that costs you time and money for each layer involved.
The UNIT4 cloud replaces all that complexity and overhead with a single, simple, end-to-end subscription service – delivered by experts you can trust.
“[UNIT4] has an excellent and proven track record in the market.”
- Programme Manager, Denplan
“We are confident that powerful, flexible and robust Coda Financials in the cloud will help us manage changes we will be faced with in the coming years.”
- Vice President of Finance, Jordan’s Furniture
“We needed financial accounting software that could easily integrate into our portfolio of business critical systems. Coda Financials is unique in its ability to provide cutting edge functionality, while supporting a mixed application environment.”
- CIO, FDLIC
“As our range of applications continues to change over time, we know that they can be easily integrated, or removed, because of the sophisticated nature of Coda Financials' underlying architecture.”
- Senior System Administrator, Reitan Convenience Norway
“The Asian business market is a complex one, but Coda Financials has the built-in multi-company, multi-language, multi-currency and multi-cultural functionality that we need,”
- Chief Accountant, Pacific International Lines
Coda Financials works seamlessly with your other essential systems, giving you real-time financial visibility and control - even in the most diverse, complex or fast-changing enterprises.
A unique foundation for visibility, interoperability and controlCoda Financials was designed to put better financial management at the heart of organizations with fast-changing and mixed application environments.
Its unique underlying architecture enables this in three key ways:
- Its single financial model allows changes to be made efficiently in one, real-time single ledger system (no reconciliation required), yet its multi-dimensional structure enables infinite ways to classify, measure and analyse data, regardless of complexity; for the best possible visibility.
- Interoperability is built in, by exposing all accounting functionality, business logic and financial validation as standard web services, allowing you to easily connect this data with your other core applications.
- An end-to-end control framework makes processes more visible, repeatable and auditable, enabling complete control and continual compliance across all systems.
Accounting for change
Whether it is caused by a re-organization, merger, acquisition or new line of business, the costs of adapting financial systems for ongoing change are significant and can have a major strategic impact. Our solutions deliver the support for dynamic organizations to embrace most forms of business change themselves – without intervention from IT experts and super users; simply, quickly and cost effectively.
Understanding and meeting your needs
No matter how demanding or complex your requirements, Coda Financials rises to the challenge. It delivers the “multi-everything” (country, company, currency, language, deployment…) capabilities that you need, so that you can both meet specific local accounting requirements and maintain global consistency, visibility and control.
Single ledger, multi-dimensional accounting
With Coda Financials, you gain the most flexible, scalable single financial modelling structure on the market. It provides infinite ways to classify, measure, and analyse your business (enabling each line of business to monitor profitability the way it needs to), yet still provides a single reporting model or ledger that is always in balance.
Best-of-breed focus and agility
Coda Financials’ outstanding integration and interoperability enable you to easily connect best-of-breed applications, of all types, in a federated approach using our web services. This allows you to concentrate on adding value to your specialized systems, while simultaneously benefiting from the very best in financial management solutions and a range of other dedicated solutions from UNIT4 to complement and extend your solution.
The Coda Financials suite covers the full range of an organization’s core financial management requirements, its real-time unified ledger gives the finance team unparalleled support and rich functionality, including the following main areas:
- Accounting – as the original single-ledger, global accounting solution, Coda Financials is a modern and multi-everything accounting system for even the most diverse or complex enterprise requirements.
- Budgeting, planning & forecasting – we’ve combined the flexibility of our financial model with the familiarity and convenience of Microsoft® Excel®, to streamline the seeding, preparation, fine-tuning and production of budgets.
- Integration & web services – Coda Financials’ IT architecture is second to none, using techniques such as web services and XML to provide secure, real-time integration to your other operational systems.
- Interoperability – companies can no longer compromise, they need great operational applications AND great financial systems. This best-of-breed interoperability has been a hallmark of Coda Financials from its very beginnings.
- Process & control automation – the solution includes integrated workflow and a powerful control management framework, which ties other systems, manual processes and authorizations into a single, visible and auditable process flow.
- Reporting & analysis – it provides the vital foundation of a robust, flexible information model and an array of reporting tools to help all your different users report on, model and analyse your business – in the ways that they need.
- Spend management – Coda Financials’ end-to-end spend management helps establish controls and consolidate purchasing activity, and enables you to harness the full buying power of the organization.
- Supported platforms & languages – Coda Financials co-exists well with other applications, without imposing a particular technology or architecture. It also enables simultaneous multi-lingual access to the same, single finance system.
Coming soon: V13!
Planned for release this December, UNIT4 Coda Financials V13 will deliver our next generation of user experience and introduce new ways to empower and support your teams with the latest social, mobile, analytic and cloud technologies.
- User Experience Framework – the first of many advances for the best in user-friendly working.
- Analyser – an extension to the online report query tools that will allow users to isolate a subset of data in memory to "slice & dice" and graphically present it, using pivot tables and "drag & drop" technology.
- Flexi-fields – the new secure, supported way to customize your database.
- Credit management – powerful improvements around data selection criteria, data display, grouping, sorting and usability.
- Technical Improvements – security enhancements that will provide the latest protection against malicious code and attachments plus new levels of control on user authentication; workflow, integration and cloud capability improvements; as well as simplification of the installation process that will remove manual and repetitive steps that are prone to error.
And much more!
Find out more
Here is a selection of our case studies and for further information please complete the form opposite to receive our brochure and white papers for Coda Financials.
- Coda Financials – retail – Jordan’s Furniture
UNIT4 Coda Financials cloud deployment solution provides retail market leader with a new finance system that sets foundation for growth.
- Coda Financials – retail – Reitan Convenience
UNIT4 Coda Financials’ high level of systems integration support has significantly reduced Reitan’s administrative burden, enabling it to focus on increasing market share.
- Coda Financials – shared services – Avis Europe
Avis Europe has chosen UNIT4 for the core financial accounting solution used in its shared services centre in Budapest to serve operations across Europe.
- Coda Financials – transport & logistics – Pacific International Lines
Coda Financials provides key performance data instantly across the entire organization, so the company can optimize profitability and competitiveness.
- UNIT4 Coda Financials - Best-of-class financial management for Businesses Living IN Change.
- UNIT4 Coda Financials V12 - Advance to Destination: Control.
- The best-of-class strategy makes a return in the cloud era - An Analyst's Perspective from the Aberdeen Group.
- Planning and implementing shared services - An overview of the advantages and options for moving to a shared services approach.