Transport & Logistics

Today, over 2,600 organizations around the world, including over 200 of the world's leading transport and logistics companies, rely on our state-of-the-art CODA Financials global accounting solution.

Accounting for change in the transport & logistics sector
- Integration to logistics and freight systems
- Agent netting and more…
Capabilities for the transport & logistics industry
Transport & logistics clients

Accounting for change in the transport and logistics sector

CODA Financials is ideally suited to support transport and logistics organizations in a demanding and complex trading environment, where access to reliable financial intelligence, and comprehensive analysis and control of financial information can set a company apart from its competitors.

For each of our transport and logistics customers, we work hard to understand their individual business issues, so that they can implement the most effective low-risk and cost-effective solutions. With a track record second to none, we supply transport and logistics organizations with the financial engine to support effective decision-making and advanced profitability tracking.

For example:

Integration to logistics and freight systems
Transport and logistics companies benefit from CODA’s ability to seamlessly integrate with specialized or custom-built operational systems, such as a freight and container management systems. Users have real-time visibility of all sources of revenue, expenses, supplier performance and statistical data. There are infinite ways to classify, measure and analyze profitability including by shipment, vessel voyage, container and bill of lading.

Agent netting and more….
CODA offers a unique blend of accounting capabilities that can’t be found in most generic accounting systems including: trade partner netting, true multicurrency accounting, extensive intercompany handling, and the fastest period close process in the industry

Capabilities for the transport & logistics industry

The following capabilities make CODA Financials particularly well suited for the transport and logistics sector:

Single financial model
- Eliminates time lags, sub ledgers, reconciling and unnecessary integration
- Instantaneous or perpetual close
- Allows for trade partner and agent netting
Trade partner and agent netting
- One master record for the trade or agent relationship
- A/R and A/P transactions in one location, under one relationship record
- Real time net position – always reconciled
- Pay on net balance or request payment on net balance
- Prevents payments to agents with open receivables
- Track trade partner by location, shipments, etc.
- Instant net position statement with supporting payable and receivable activity
- Supports multiple partner and/or transaction currencies
Real time reporting
- Up-to-the-second reporting of cash 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 vessel voyages, shipments, containers, bill of ladings
- Unparalleled currency management and exposure analysis
Advanced allocations
- Flexible allocation rules to distribute administrative and service fees across products, services and companies
Real-time or batch integration – with trading, freight management, logistics and operational systems
- 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