Standard Life ditches spreadsheets for Coda

Standard Life Investments has signed a contract worth £250,000 for software and services from Coda-Financials to replace spreadsheets with a scalable platform.

Standard Life Investments has signed a contract worth £250,000 for software and services from Coda-Financials to replace spreadsheets with a scalable platform.

Standard Life Investments has chosen the browser-based Coda package to improve the transparency of financial processes and consolidate reporting to help the decision-making process.

The Coda product offers financial management systems, analysis applications, and business process management and control software for regulatory compliance. It is built on a service oriented architecture and supports secure multi-country and multi-currency capabilities, for financial services organisations operating different subsidiaries.

Easy-to-access information and a flexible chart of accounts make the whole process of reporting and analysis much simpler, according to the supplier. 

The initial contract includes licences for 40 finance users.

Standard Life Investments is a principal subsidiary of Standard Life Group.

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