CODA Launches First Enterprise Accounting System Built and Run Entirely on Salesforce.com's Force.com Platform

Powerful international on-demand accounting application from one of Europe's leading financial systems providers

Biggest ever development project on Force.com Platform-as-a-Service
First accounting application designed from inception to integrate with Salesforce CRM applications

LONDON and Harrogate, UK, salesforce.com Dreamforce Europe Conference - May 07, 2008 - CODA Group, the global finance systems specialist, and salesforce.com, [NYSE: CRM] the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced the availability of CODA 2go, the first on-demand financial system built entirely on salesforce.com's Force.com Platform-as-a-Service.

The first release, launching today, delivers Opportunity to Cash functionality, enabling users to go from the "opportunities" in Salesforce to create an invoice at the click of a button and post the transaction to their sales ledger. It is fully integrated with salesforce.com's CRM application and will help companies manage business processes by providing simple access for authorised users from initial sales enquiry, to closing the deal, to collecting cash within one integrated product. The system was launched today at Dreamforce Europe, salesforce.com's European User and Developer Conference at the Barbican Centre in London.

"CODA's development team has worked tirelessly to get this first release of the product out and we have been impressed with the level of enthusiasm and expertise they have shown throughout the collaboration," said Polly Sumner, President, Platform, Alliances, and Services at salesforce.com. "We share a common vision with CODA to enable customers to manage and share all of their business information entirely on demand. CODA 2go is a great example of how the flexibility inherent in the Force.com platform enables ISVs to deliver innovative and breakthrough business applications."

CODA 2go runs on the Force.com Platform, benefiting from industry-leading performance and availability, global scale, multi-tenancy and security of salesforce.com's award-winning service. 

"CODA's 25+ years experience in developing international accounting systems, combined with the Force.com platform, have enabled us to deliver a robust on-demand finance application more quickly and efficiently while maintaining our high standards," said Jeremy Roche, CEO of CODA. "The first release covers Opportunity to Cash processes with General Ledger Accounting, Purchase to Pay and Sales Order Processing functionality being delivered over the coming months. We have developed and delivered functionality in months that would have taken years had we built this from the ground up. And because we are using a proven technology platform in Force.com, it includes world-class security and the ability to quickly customise user screens, which have been lacking in on-premise applications to date.

"This is the first product of its kind and we believe it is unrivalled in the marketplace. We want to do for finance what salesforce.com has done for CRM, and Software as a Service is a logical extension of CODA's 'open platform' commitment. This clearly shows that in a mature software market we remain agile and innovative. CODA is known for developing the best finance applications in the world and we believe we have done it again, only this time delivered using the best on-demand technology available."

CODA 2go - World's First Accounting System on Force.com
CODA 2go will deliver all the advantages of CODA's financial expertise, including: multi-everything accounting; built on a unified ledger, for optimum efficiency, consistency and accuracy; together with the most flexible chart of accounts on the market - enabling users to analyse costs and revenues easily across many different dimensions. All delivered as a flexible, scaleable on-demand service. The applications can be used individually or together or be easily integrated to supplement an existing "on-premise" accounting system. With a long track record of customer success, CODA 2go will reduce the cost and complexity of managing and maintaining software infrastructure, and will deliver significant benefits to customers, including:
  • Improved financial visibility - across the whole process, from converting an opportunity to an order, through to creating an invoice and tracking the delivery of the order.
  • Real-time credit management - built-in rules to ensure approval requirements are met, for example preventing accidental credit limit breaches.
  • Better-informed decisions - easy, controlled "self-service" access to finance and CRM information to assist decision-makers, without tying up the finance team.
  • Control - the finance department retains full control over which transactions and other data items from the CODA systems are made available to the sales team.
"When we saw CODA 2go for the first time, we knew it was the right finance application for our professional services business," said Adam S. Caplan, President, Model Metrics LLC, CODA 2go Beta customer. "It looks great with the same look and feel as our Salesforce CRM and the integration is seamless. It will help to streamline our customer account management across the business and give us fantastic flexibility and a wealth of features while leveraging our on-demand application strategy."

Pricing and Availability
Coda2go is currently scheduled to be available on a trial basis in the current quarter via a monthly subscription model. Initial pricing for a full subscription to CODA 2go will begin at $125 per user per month with other pricing options available for alternative feature packs.

Please visit http://www.coda2go.com or call +44 (0)1423 509999 for more information.

Jeremy Roche will be announcing the launch live on stage today during the Keynote presentation alongside Marc Benioff, chairman and CEO of salesforce.com, at Dreamforce Europe.

The Keynote address can be viewed live from 1300 BST at http://www.salesforce.com/investor
 
Force.com Platform and the AppExchange
Force.com is the on-demand platform for the next generation of business applications. Force.com reinvents traditional customization and integration and enables the creation of a whole new generation of on-demand applications that go beyond client/server computing.  Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to benefit the entire on-demand community.
 
The AppExchange economy continues to expand as thousands of salesforce.com customers have installed thousands of on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange.

About CODA
CODA is the choice for finance professionals who need business software and services they can count on.

We provide award-winning solutions that help organizations to streamline and automate their finance processes (from accounting and procurement to reporting and analysis) and to achieve better compliance and corporate governance. CODA applications work seamlessly with each other or independently and they integrate with other leading operational systems to maximize the return on your broader IT investment too. And our products are all underpinned by expert consultancy, training and support services, delivered by teams of experienced accountants, business analysts and technology specialists.

Founded in the UK in 1979, the CODA Group now employs around 600 and has offices around the world to deliver easy, local access to sales, service and support. Around 2600 medium and large organizations, across all sectors, use CODA solutions to control costs, drive performance and ensure compliance, while remaining agile and responsive.

CODA is a Unit 4 Agresso company. Unit 4 Agresso is a leading international producer of business software for service companies and organizations. With offices in 19 countries, including the United States and Canada, and sales activities in several other countries, a turnover of €321 million was realized in 2007. Unit 4 Agresso is headquartered in Sliedrecht, the Netherlands and employs about 3,500 people.

For more information, please visit: www.coda.com

About Salesforce

Salesforce, the Customer Success Platform and world's #1 CRM, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.

Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.