CODA Group plc.

• Position: Introduced CODA-Control Manager

CODA Group plc, a finance systems specialist, has brought out CODA-Control Manager, a finance tool intended to make the period-end close process faster and more controlled for users of SAP[R] solutions.

SAP has more than 33,000 customers worldwide, each of which has to close its accounts regularly, usually every month. While ERP solutions such as the mySAP[TM] ERP application manage the financial data, much of the period-close process takes place outside of those systems. In the majority of organizations, this is still a highly manual process.

"To our knowledge, there is no specific tool on the market to help users of SAP solutions close the books in a faster and more controlled manner," said Jeremy Roche, CODA Group CEO, in an announcement. "Month-end close in virtually all organizations involves the finance department completing thousands of manual tasks--chasing other departments and subsidiaries for information, checking and adjusting data, making decisions around areas like credit control and bad debt provisions, posting journals and so on.

"CODA-Control helps finance departments to get control over the period close, automatically scheduling the tasks, making the whole process standardized and visible to the financial controller, and ensuring every step taken is recorded and can be audited later."

The United Kingdom-based Coda says the new product:

* supports a fast close;

* makes the close process controlled, repeatable, visible and auditable;

* drives efficiency through automation...