Fast Close by CODA Achieves “SAP® xApps™ Certified” Status
• Improves period-end close processes outside ERP functionality for customers using SAP solutions • Integrates with core SAP applications and other applications compliant with the SAP NetWeaver® platform • One of the first UK software companies to achieve SAP xApps Certified qualification, an important level of certification with the latest integration technology from SAP
Harrogate, United Kingdom, February 13, 2007 --(PR.com)-- Fast Close by CODA can interoperate with applications from SAP and other vendors that are compliant with the SAP NetWeaver platform to help users improve period-end close processes. The certification was achieved by demonstrating that Fast Close by CODA is compatible with the SAP NetWeaver Portal and meets all of the technical and business criteria established by SAP for its SAP xApps Certified status.
Fast Close by CODA integrated with the SAP NetWeaver platform helps make the financial period-end close process even more efficient and controlled for users of SAP solutions in accounting and/or controlling departments. It helps users define, manage and audit period-end accountancy activities such as making provision for bad debts.
During the course of certification testing, CODA demonstrated the process of Bad Debt Provision, automatically extracting relevant data from the mySAP™ Customer Relationship Management (mySAP CRM) and mySAP ERP Financials applications, presenting it in a simple format to the Financial Controller for review, and then posting the approved journal back to mySAP ERP Financials.
ERP applications such as those from SAP manage users’ financial data, but the nature of the tasks involved in closing the accounts each month means that many activities take place outside of those applications, generally involving many manual tasks. Fast Close by CODA is designed to address the growing need for business process management and brings increased control, visibility and auditability to the overall process.
Fast Close by CODA helps finance departments using SAP solutions, or ERP systems from other vendors, to get control over the period close, automatically scheduling the tasks, standardizing the whole process and making it visible to the financial controller. This ensures that every step taken is recorded and retained for future audit.
“SAP xApps Certified solutions enable continuous business innovation and provide customers with the flexibility to respond quickly and profitably to business change, while leveraging and protecting existing IT investments,” said Kevin Ichhpurani, vice president, Global Software Solution Partner Program, SAP. “By certifying ISV solutions that complement the SAP xApps family of composite applications, we continue to deliver to our customers innovative and flexible solutions built on SAP NetWeaver that provide end-to-end business processes for solving concrete business problems.”
About CODA
CODA creates, markets and implements a complete 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 and has around 550 employees working from 13 global locations. 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.
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Fast Close by CODA integrated with the SAP NetWeaver platform helps make the financial period-end close process even more efficient and controlled for users of SAP solutions in accounting and/or controlling departments. It helps users define, manage and audit period-end accountancy activities such as making provision for bad debts.
During the course of certification testing, CODA demonstrated the process of Bad Debt Provision, automatically extracting relevant data from the mySAP™ Customer Relationship Management (mySAP CRM) and mySAP ERP Financials applications, presenting it in a simple format to the Financial Controller for review, and then posting the approved journal back to mySAP ERP Financials.
ERP applications such as those from SAP manage users’ financial data, but the nature of the tasks involved in closing the accounts each month means that many activities take place outside of those applications, generally involving many manual tasks. Fast Close by CODA is designed to address the growing need for business process management and brings increased control, visibility and auditability to the overall process.
Fast Close by CODA helps finance departments using SAP solutions, or ERP systems from other vendors, to get control over the period close, automatically scheduling the tasks, standardizing the whole process and making it visible to the financial controller. This ensures that every step taken is recorded and retained for future audit.
“SAP xApps Certified solutions enable continuous business innovation and provide customers with the flexibility to respond quickly and profitably to business change, while leveraging and protecting existing IT investments,” said Kevin Ichhpurani, vice president, Global Software Solution Partner Program, SAP. “By certifying ISV solutions that complement the SAP xApps family of composite applications, we continue to deliver to our customers innovative and flexible solutions built on SAP NetWeaver that provide end-to-end business processes for solving concrete business problems.”
About CODA
CODA creates, markets and implements a complete 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 and has around 550 employees working from 13 global locations. 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.
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Contact
CODA
Emma Hoyle
44-01-423-537-977
www.coda.com
Emma Hoyle
44-01-423-537-977
www.coda.com
Contact
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