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08 Feb 2010
Mortgage brokers Bradford & Bingley has moved to CODA Financials, the accountancy software suppliers, in a bid to save the company money.
A statement by B&B it said it had "decided to move to a move cost effective operating platform for its accounting systems" while still maintaining "service standards".
B&B sold its retail network to Spanish bank Santander last year and its mortgage division and head-office was taken into public ownership by the government in 2008.
Tyrone Griffiths, project manager for Bradford & Bingley, said: "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," he added.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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