August 02, 2012 13:01 ET

Upgrade to Coda Financials Destination: Control Boosts Efficiency of Finance System for University Physicians

MANCHESTER, NH--(Marketwire - Aug 2, 2012) - University Physicians, Inc. (UPI), the multi-specialty group practice of faculty physicians and ancillary health care providers at the University of Colorado School of Medicine, has upgraded its financial management software to Coda Financials Version 12, the most powerful financial management software for fast-changing organizations from UNIT4 CODA, Inc., a division of UNIT4 (EURONEXT AMSTERDAM: UNIT4).

For UPI, a Coda user since 1996, the upgrade to Coda Financials Destination: Control will enable its finance department to improve business operations for its 1,800 providers by making workers more efficient and by providing real-time financial analysis for improved decision making.

"Upgrading to Version 12 was a strategic move to help us pursue a major process improvement initiative and it is already delivering on that promise," said Carrie Valdez, Controller, UPI. "Our accounts payable data entry is faster and the overall user interface is cleaner and easier to use."

Valdez also reported that, working in concert with UNIT4 CODA personnel, the upgrade was completed with no down time. UPI, which was upgrading hardware at the same time, created a test environment featuring the new financial software and real data. Over the next six weeks, UPI gradually turned on and became acquainted with the new features, making for a seamless transition when the go-live date arrived.

"The new features in version 12 plus the faster speed of the new hardware have provided a happy ending to the upgrade process for our staff," Valdez said.

"Version 12 gives finance professionals greater access to the information they can gather from their financial software," said Steven J. Pugh, UNIT4 CODA's CEO. "At the same time, the software adds the controls necessary to ensure that businesses run as prescribed."

UNIT4 CODA, Inc. is part of UNIT4, a $603 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials 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 Follow us on Twitter and LinkedIn or visit

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