PracticeAccounting FirmsAA Awards 2008: Enterprise Software of the Year

AA Awards 2008: Enterprise Software of the Year

Coda Financials wins Enterprise Software of the Year

Coda has scooped the enterprise software award for the second year in a row –
a marvellous achievement for a company that has undergone such change in recent
times.

On the corporate side, the business split from SciSys and was then acquired
by Unit 4 Agresso.
The goings-on certainly haven’t adversely affected the quality of its products
and, as such, Financials has again picked up the top prize.

Fighting off competition from Interwoven, again CedarOpenAccounts (now COA
Solutions) and Version One,

Coda’s Financials impressed the judges with its functionality and
reliability.
‘They’ve proved strong on customer care and spent £10m on R&D,’ said one
judge.
‘Record client numbers, including Trainline and Mothercare, plus a new version
of the product, which has included 300 man-years of work. Impressive.’

Surveys have found that 91% of respondents would definitely buy Coda’s
products again, and ‘call audits’ are undertaken on every fifth caller.

Financials is now 100% web-deployed, and can be rapidly rolled out.

Its innovation has been driven by a 170+ strong team of developers and over
one-fifth of its revenues are reinvested in R&D. Gartner found that 25% of
Coda’s new technologies and ideas were driven by clients, compared to an
industry average of 10%.

Even in tough times the firm expects great results. Record client numbers
came through for 2007 and the first half of 2008.

Its acquisition by Agresso gives it access into five new countries: Canada,
Denmark, Norway, Portugal and Spain.

Coda believes its product is also flexible enough to change with its
customers.

Customer testimonials

As you would expect from our winners, Coda posted great testimonials backing
its product. Cineworld, which runs cinemas across 74 sites, saw the benefit of
Financials in eliminating copying data from excel spreadsheets, speeding up its
month end reporting.
‘Coda’s single ledger design and flexible chart of accounts makes it easy for us
to record these measures in real time across the group and will support us as we
grow through selective new openings, expansions and acquisitions,’ said finance
systems analyst Jason Wright.

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