SOURCE: UNIT4 CODA

UNIT4 CODA

March 01, 2011 12:29 ET

UNIT4 CODA White Paper Outlines Impact of Best-of-Class Finance Technology in Retail Organizations

Multichannel Retailing, Data Mining and Forecasting, Non-Resale Procurement Benefit From Single Finance System That Delivers "Single View of the Truth"

MANCHESTER, NH--(Marketwire - March 1, 2011) - UNIT4 CODA, Inc., the provider of Coda Financials in North America and a business unit of UNIT4, the world's leading provider of business software for fast changing organizations, today announced the availability of a white paper examining the impact a best-of-class finance strategy can have in a retail environment.

In the consumer-facing world of retail, the often overlooked function of accounting/financial management can help drive success. Multichannel retailing, data mining and forecasting and non-resale procurement are three areas that derive direct benefits from a sound financial management strategy and best-of-class technology.

According to Steve Pugh, CEO of UNIT4 CODA, Inc., "Retailers have two key weapons in their armory -- technology and information -- that they can leverage to navigate fluctuating consumer demand, changing fashion and evolving needs, as well as manage a supply chain that is complex and ever-changing.

"A single finance system that integrates with all systems and channels is essential for that critical 'single view of the truth.' Without it, retailers will find that delivering on their business, pricing and consumer strategies is simply impossible."

UNIT4 CODA has recently released a complimentary white paper entitled "Accounting for Change: Finance Technology in the Retail Industry." Highlights include:

  • Multichannel Retailing: Integrated customer processes cut across both on-line and off-line functions, but they always touch finance. With the right financial management solution, retailers can see the financial impact and profitability of each channel, and make sensible, informed strategic and tactical decisions around pricing and discounting.
  • Data Mining and Forecasting: These can only be truly effective if there is complete and seamless integration between the front-office and back-office functions. Point-of-sale and merchandizing data, for example, can be made more meaningful when combined with costing and revenue data in the finance systems.
  • Non-sale Procurement: As margins get squeezed and the relentless drive for cost-control continues, retailers need a financial solution that helps them replicate the efficiency of their 'goods for resale' purchasing operations when buying non-resale supplies and services.

To receive a free copy of the white paper, please click here.

About UNIT4 CODA
UNIT4 CODA, Inc. is part of UNIT4, a $576 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is our best-of-class management software designed to integrate with industry- and company-specific applications. Coda provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a "no compromise" approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter at http://twitter.com/UNIT4CODA.

Contact Information

  • For further information contact:

    Margaret Bonilla
    Birnbach Communications for UNIT4 CODA
    603-548-0693
    Email Contact