Business Services

UNIT4 CODA’s best-of-class financial solution is ideal for service-oriented organizations.

CODA Financials meets your needs for a powerful financial application, which can easily integrate with the specialized business applications that are the lifeblood of your business.

Accounting for the services sector

Unlike most ERP systems, which are designed for manufacturing and hard-goods-based companies, CODA Financials does not have to be retrofitted, pared down or adjusted to fit into a business services operation. In fact, it is built to co-exist with the unique or custom systems that are critical to your service business. In addition, CODA Financials provides specialized functions to support the distinct needs of a service organization, including billing, time and expense management, indirect spend management, pass-through or reimbursable expense processing, project accounting and employee profitability capabilities.

“CODA's perspective is not blinkered – it recognizes internal and external integration needs and challenges, and the requirement for managing spend, as well as the opportunities for collaboration across the extended enterprise.”

Gary Jones, Butler Group

Back to top

Capabilities for the business services sector

The following capabilities make CODA Financials particularly well suited for the business services sector:

• Single financial model
  • Eliminates time lags, sub ledgers, reconciling and unnecessary integration
  • Instantaneous or perpetual close
  • Allows for trade partner and agent netting
• Real time reporting and visibility
  • Up-to-the-second reporting of cash positions, client positions, profitability etc.
  • Full range of reporting tools available from online browsing to multidimensional data marts
  • Easy and secure Microsoft ®Excel® integration
• Multidimensional analysis
  • Infinite ways to classify, measure, and analyze the business
  • Flexible analysis of projects, business services, employee performance 
  • Unparalleled currency management and exposure analysis
• Integral Project Accounting
  • Integral to the financial model – no reconciling
  • Internal or external projects or jobs
    • Flexible coding structure, i.e. accounts, work breakdown structure, tasks, projects, jobs, phases, locations etc.
  • Budget at all levels and combinations of the project coding structure
  • Statistical and quantity tracking at all levels of the coding structure:
    • User-defined tracking of: hours, days, volumes, miles, units, length, gallons etc.
  • Projects and work breakdown values available in multiple currencies:
    • Company, dual, account(s), supplier and document currencies
  • Advanced allocations to and from G/L
  • Direct entry from G/L, A/P, A/R, P/O, Billing and F/A
  • WIP to F/A transfers
  • Real-time actual vs. budget variance
  • Complete drill-down to source documents in G/L, A/P, A/R, Billing
• Billing
  • Intuitive time entry and recording:
    • Employee time and expenses
    • Mileage registration
    • Flexible rate models
  • Authorization workflow
  • Automatic intercompany balancing
  • Flexible work breakdown structure via CODA Financials model
  • Budget controls:
    • Budget overage warnings and email notification
  • Supports Blackberry or PDA data entry and inquiry
  • Order book:
    • One-off and recurring charges
  • Flexible invoicing:
    • Guided editing and approval
    • Write-offs, reclassifications, reminders
    • PDF and Word support
    • Service planning
• Advanced allocations
  • Flexible allocation rules to distribute administrative and service fees across products, services and companies
• Real-time or batch integration – for “joined-up” working with your custom billing and online information services applications
  • Expose all accounting logic, security and financial validation to any other application
  • Provide secure, real-time accounting web services to other applications
• Automated processes and controls
  • Extend and automate financial controls across operational processes, applications and people throughout the organization
  • Continuous, visible and auditable compliance controls
  • Self-documenting processes and audit trail
• Global – Multi-everything
  • Multi-company, Multi-currency, Multi-language, Inter-company
  • Designed for diverse and global operations
  • Independent close calendars by company
  • Centralized or de-centralized financial operations
• Spend Management
  • Completely automated “req-to-check” process
  • Online approval process  and authorization workflow
  • Three-way matching
  • Reimbursable expenses – direct bill to customer from A/P
  • Budget tracking and commitment accounting
  • Consolidates buying activity with best suppliers
  • Online and punch-out catalogs
  • Spend visibility by project, item, manager, employee etc.

Contact us for more information about how we can help business services organizations to embrace change!

Back to top