Avis drives financial shared services with CODA

Avis has signed a deal to support its financial systems with a CODA platform.

Avis has signed a deal to support its financial systems with a CODA platform.

The three-year deal covers financial management software and services, and will support the car hire company’s financial shared service centre in Budapest.

This centre is responsible for the majority of the transaction processing for Avis Europe’s corporate offices.

“We chose CODA because we wanted to work with a company that had experience with pan-European software projects and a clear understanding of local fiscal requirements,” said Mark Kightley, programme manager at Avis.

Kightley said the chosen platform will automate the invoice matching process and reduce the risk of manual error. The CODA system will also enable Avis to manage expenses better in accordance with country level regulations.

Avis has purchased licenses for the Neon software, the latest version of CODA’s CODA-Financials offering. The contract also includes licences for CODA-Control Manager, which will help automate the processes around period close in the shared service centre on behalf of local finance teams.

Avis has also purchased software for procurement, invoice matching, billing and reporting. It is currently testing the software as part of CODA’s Neon beta programme, and expects the initial implementation to be completed this year.

Avis runs its shared services IT infrastructure with the Microsoft Windows OS and the Microsoft SQL Server 2005 database.

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