Bradford & Bingley accounting with Coda

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.

Further reading:

CODA/Agresso owner rebrands to UNIT4

Coda launches full online accountancy application