Greggs accounts for its dough with Coda

Greggs the Bakers has purchased Coda software worth £600,000 as part of a three-year finance modernisation programme.

Greggs the Bakers has purchased Coda software worth £600,000 as part of a three-year finance modernisation programme.

The Coda platform supports transaction processing at a centralised shared service centre, and delivers a centralised company-wide ledger with regional profit reporting.

Greggs says the deployment will enable more efficient group accounting and detailed shop profitability reporting.

The software is being used by more than 100 finance users, accounting for more than 1,350 shops.

Following a systems evaluation, Greggs decided that the functionality of the Coda software would best meet its desire to move to a more centralised shared service accounting model.

Currently, Greggs operates 10 regional installations of its current finance system, built and maintained in-house, and wanted to centralise these for longer-term efficiency, and also wanted to be able to produce divisional and group accounts more efficiently.

Lee Massingham, finance systems manager at Greggs, said, "We are confident that the chosen applications will support both our divisional structure and our requirement to provide increasingly timely, accurate information at a shop level.

"The product will interface to our existing manufacturing and EPOS applications, helping us to further automate our accounting processes."

Greggs is also keen to move from a quarterly reporting cycle to reporting monthly and wanted to be able to analyse more detailed information from each shop relating to monthly profitability.




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