(PRWEB) March 26, 2009
CODA, the finance systems specialist, today announced that it has signed a partnership agreement with document management and imaging company, Version One. This new partnership means that Version One's full suite of document management products are now integrated into CODA's accounting applications, providing CODA users with document management and imaging functionality.
The agreement extends an existing partnership with Agresso UK in which Version One's data capture system, DbCapture is supplied and integrated with Agresso Business World. This new partnership enables CODA users to significantly reduce the time, costs and mistakes associated with the processing and management of financial documents. CODA Customers will now be able to electronically create, deliver, authorise, store and retrieve their business documents (invoices, statements, remittance advices etc.) directly from their CODA system. They will also be able to reduce the manual data entry of invoice information by up to 80% using Version One's DbCapture system.
Martin Smiley, Group Financial Controller, from Cambridge Assessment, anticipates significant benefits from integrating Version One's document management into CODA: "Version One stood out in offering the required functionality at a cost that was within our budget. As well as having many years' experience providing integrated document management systems to UK businesses, the company has a proven track record in the area of accounts payable. Version One's DbCapture will help us reduce manual data entry and significantly reduce data entry errors. This will enable staff to concentrate on more value-adding activities. In addition, being able to track exactly where invoices are in the approval chain, which is currently impossible, will streamline the approval process, allowing us to improve communications with our suppliers whilst cutting late payment penalties."
Using Version One's technology, CODA users will be able to replace paper dominated accounting with electronic processes. Instant access to imaged documents via the CODA system will also enable more efficient accounting and streamlined supplier relationships.
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 with their business applications.
CODA was founded in 1979 and 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 3500 staff in 19 countries and over 5200 client organisations.
For more information, please visit: http://www.coda.com or contact:
Group PR Manager
+44 1423 537 977
About Version One
Version One Ltd is the author of electronic document management and imaging solutions. These solutions enable the electronic storage, retrieval, management, enhancement and delivery of business documents such as invoices, purchase orders and statements. This 'paperless office' technology is seamlessly integrated into all major ERP and accounting systems and with a typical ROI of less than six months, Version One's solutions are enabling thousands of organisations to cut paper consumption whilst saving dramatic amounts of time and money.
For more information, please visit http://www.versionone.co.uk or contact:
Liz Ebbrell, Version One
+44 (0)1625 856505 or 07917 634 705
Ben Carey, Version One
+44 (0)1625 856505
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