Woonstad Rotterdam selects financial information system CODA Financials from Unit 4 Agresso

Woonstad Rotterdam, one of the top five housing associations in the Netherlands, has selected the financial information system from CODA, part of Unit 4 Agresso. CODA Financials enables Woonstad Rotterdam to administrate its finances even more efficiently and the housing association now has a solution for the entire financial cycle within the organisation including liabilities, (financial) project and assets administration. .

Woonstad Rotterdam was looking for a flexible finance system to generate user-friendly reports. Prior to the implementation of CODA Financials, the organisation did not have a central system to streamline all financial activities which meant that most actions took longer to complete and cost more than necessary. Using CODA Financials Woonstad Rotterdam employees can request and download information at any point in time. In addition, the system offers full transparency which assists with financial information disclosure requirements.

CODA offers financial software solutions to a variety of sectors and sizes of organisation. The solutions are easy to integrate with a business’s other applications and can be readily adjusted post implementation to accommodate changes such as a merger or acquisition, a reorganisation or new legislative or regulatory requirements such as IFRS. 

Its years of experience in the housing sector gave CODA a head start in the selection process. Woonstad Rotterdam undertook an evaluation process with several vendors before selecting CODA.  “CODA’s application was rated highest in functionality, flexibility, transparency and user friendliness”, said Rengert de Gier, manager Value, Finance and Facilities at Woonstad Rotterdam. “These are the most important demands an application has to meet. What’s more, CODA has developed a pre-defined basic design template for housing associations, which helps speed up the initial installation. Combined with the sector knowledge CODA has, this was the primary reason we choose CODA Financials.”

“Increasingly we see that more companies realise the importance of a flexible application that can easily be adjusted even after implementation”, said Marc de Vries, Sales manager Healthcare and Housing associations at CODA. “Especially in times of economic downturn, we see more and more companies rate this flexibility and agility as crucial in their selection of solutions.”        

About CODA

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 500 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.

About Unit 4 Agresso

Unit 4 Agresso is a leading international producer of business software. With offices in 14 European countries, 5 countries outside Europe and sales activities in several other countries, a revenue of € 394 million was realized in 2008. Unit 4 Agresso is headquartered in Sliedrecht, the Netherlands. At the end of 2008, Unit 4 Agresso had 3,506 employees