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
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
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
CODA 2go runs on the Force.com Platform, benefiting from the 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
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.
– easy, controlled “self-service”
access to finance and CRM information to assist decision-makers, without tying up the finance team.
– 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
Salesforce.com is the world’s largest provider of customer relationship management (CRM) software. For more information about salesforce.com (NYSE: CRM), visit: www.salesforce.com.
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