COA is shipping a range of new financial
management software solutions covering procurement, invoicing and
billing.
The software will support COA’s key vertical markets of local
authorities, education users, shared service centres, retail
companies, utility firms and airline companies.
Modules have been integrated into the latest version of COA’s e5
financial management software platform.
COA’s new Marketplace Connectors are targeted at e-procurement
in public-sector organisations. They enable public sector financial
management systems to automatically integrate with a number of
industry-specific eMarketplaces.
King’s Lynn and
West Norfolk Borough Council has just implemented Marketplace
Connectors in order to interface effectively with the IdeA
eMarketplace.
Sarah Arthurton, senior accountancy technician at the council,
said, “COA’s Marketplace Connectors work seamlessly with our
existing COA e5 financial management system to ensure that
procurement orders are processed automatically into the council’s
overall budget management.
“The system is very simple to use for the many users outside the
finance department and works like an internet shopping site, with a
straightforward ‘click and order’ method. We have already
experienced considerable time saving benefits in the ordering and
authorisation process," said Arthurton.
COA’s new Airline Invoice Matching system has also been launched
following close collaboration with
Aer Lingus.
Invoice Matching helps airlines to more efficiently manage their
direct operating costs by automating invoice processing and
highlighting any inaccuracies of billing by numerous
suppliers.
In addition, COA’s job-billing system is now available to help
improve the billing process for any organisation whose products are
time and people - such as consultancy businesses and shared
services centres.
Job billing improves the process of charging for jobs by
reducing the amount of time spent issuing and tracking invoices,
through an automated rather than a manual approach, said COA.
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