Jordan's using Coda Financials
Gary Evans -- Furniture Today, September 24, 2012
TAUNTON, Mass. - Twenty years ago, Jordan's Furniture here purchased an enterprise resource planning system that has grown with its merchandising, inventory and operational needs.
But when the time came to modernize the budgeting module, Jordan's ultimately decided to select a financial management solution that its leaders felt has the right ingredients to spur innovation well into the future.
That system is Coda Financials, a suite of financial management and accounting software designed to integrate with industry and company specific applications, from Unit4 Coda.
"We have a great IT department that has been able to customize our ERP system over the years as we have grown," said Steve Wholley, vice president of finance for Jordan's. "But the financial module was no longer keeping up, and the temporary fixes had reached a point where they were expensive to maintain.
"While we initially thought we'd replace just the budgeting and planning module, it became clear through the RFP process that a best-of-class solution that coexists well with our current system was the way to go."
Jordan's evaluated several financial solutions on the market, including those from ERP vendors.
With five high volume stores in Massachusetts, New Hampshire and Rhode Island, the management at Jordan's wanted to have real-time tracking and reporting capabilities across all locations, with the ability to drill down to a granular level by multiple variables. The single ledger and flexible chart of accounts that Coda Financials offers will enable management to perform more accurate and detailed analysis than other solutions it examined, the company said.
"Ultimately, the budget and planning modules of Coda Financials, coupled with the ease of integration and deep functionality won the day," said Wholley. "As an added bonus, the Unit4 Coda team has been very easy to work with, and this bodes well for our partnership in the future."
According to Steve Pugh, CEO of Unit4 Coda, part of a $603 million global software company, "Jordan's Furniture's business is one of constant change, constant innovation, and customer focus. Every decision and purchase it makes has to show clear benefits and add significant value in how it operates in the high pressure world of retail. Jordan's has a clear vision of the future, and sees Coda Financials as a strategic system that will help it realize that vision."
Coda Financials, based in Manchester, N.H., says it provides real-time financial visibility and control across people, processes and systems.
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