Harrogate, North Yorkshire (PRWEB) July 20, 2008
CODA Group, the finance software specialist, today announced a new contract with Homeloan Management Limited (HML), which will see it improve financial controls in the business to support a lean operations strategy.
HML deals primarily with mortgage administration via outsourcing arrangements and administers mortgages for clients both in the UK and Ireland. Services include the imaging and processing of paper based forms, managing mortgage arrears, dealing with customer enquiries as well as managing financial reconciliations against mortgage accounts.
"We have spent the last 12 months reviewing our financial reconciliation processes and associated activities to identify potential process and efficiency improvements," said Neil Warman, HML's Finance Director. "To date, processes have been predominantly manual, working with in excess of 200 spreadsheets, which has created a number of operational challenges as our client base grows. CODA's Financials and Analytic Explorer software will automate much of this activity and provide us with powerful and comprehensive reporting. We expect these improvements to help us achieve our objectives for lean operations."
CODA's Analytic Explorer software will enable HML to extract key data directly from the CODA finance system and to analyse and model the figures. The system enables managers and other information users to simply and quickly build multi-dimensional analysis "cubes" of data relevant to their business area and then view and manipulate the results in reporting tools such as MS Excel or Reporting Services.
"Using this software, customer response times will be dramatically improved and errors reduced," continued Warman. "A leaner, more responsive and reliable business will ensure we offer a 'first class' service as well as achieving time and cost reductions."
CODA creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of Financial Directors and Finance Departments. These include financial management systems, analysis applications, and business process management and control software to implement compliance solutions. Its service oriented architecture also makes CODA software easy for clients and other vendors to integrate it with their business applications.
CODA was founded in 1979, has around 600 employees working at 18 offices in 14 countries. CODA software is designed for multi-currency, multi-language, multi-country, multi-company and multi-site operations, and is used by around 2,600 medium and large organizations in over 100 countries in a variety of markets and within both public and commercial sectors.
CODA is part of Unit 4 Agresso NV, which is headquartered in the Netherlands and listed on the Dutch stock exchange. The Unit 4 Agresso group is an international developer and distributor of integrated business information and management systems and security solutions, providing secure e-business solutions to its customers. It has around 3300 staff in 19 countries and 5200 client organisations.
HML is the UK's foremost provider of systems and process outsourcing solutions to the mortgage sector. Handling assets of over £50 billion for over 40 clients. HML's head office is based in Skipton, North Yorkshire with the company employing over 2,000 people in Skipton, Padiham, Glasgow and Derry. It was formed in 1988 and is a wholly owned subsidiary of Skipton Building Society.
For more information, please visit: http://www.coda.com, or call:
Group PR Consultant
+44 1423 537 977
emma.hoyle @ coda.com