Coda Financials Review - why 4.3 stars?

Coda Financials Review
ITQlick Score: 85/100
ITQlick Rating:
Pricing: 8.4/10 - high cost
Category: Accounting & Finance -> Coda Financials review
Ranking:Ranked 30 out of 419 Accounting & Finance systems
Company: UNIT4 Business Software
Pricing: starts at $10 per month
Typical customers: Medium and large size businesses
Platforms: Desktop
Links: Coda Financials pricing, Coda Financials alternatives
Shlomi LaviShlomi Lavi / updated: Apr 25, 2022

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What is Coda Financials?

Unit4 Financials or formerly known as Coda Financials is a cloud-based or on-premise financial and accounting management solution for medium to large companies. It features include spend management, fixed assets, accounts payable and receivable, requisition, budgeting, and project accounting.

This software was developed by CODA Financials, Inc. was bought by Unit4 Business Software Ltd. CODA Financials, Inc. CODA was founded in 1988 and is stationed at Manchester, New Hampshire.

Who is it best for?

Coda Financials was developed to support businesses all around the world. The software has the tools to help the local government, education and research, professional and financial services, retail stores, transport and logistics, wholesales and distribution.

With it offices spread around the globe, UNIT4 is also able to include regional expertise and additional solutions in a number of other market sectors based on the specific needs on the ground.

Notable customer currently making use of the software are Royal Borough of Windsor Maidenhead, Numedalsregionen, Exeter College, IKEA and Royal Haskoning.

Main features and functionalities

UNIT4 created Coda Financials to give you the power to build your own operational applications and combine it with their solution which will then represent a financial hub or an accounting plug-in. The software offers what is referred to as a “Link™ Architecture” which is a tool that facilitates real-time reporting and multidimensional analysis and allows for faster close.

Coda Financials helps your business streamline financial processes and improve corporate governance as it complies to the laws of the state. The software offers you functions that include accounting, spend management, Planning & Forecasting, Reporting & Business Intelligence, Process & Control Automation and Reporting & Business Intelligence.

What is the actual cost?

The cost of license starts at $10 per month. ITQlick pricing score is 8.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Coda Financials. You can also find here pricing information from Coda Financials's website.

Pros

  • Excellent financial reporting system
  • Easy to learn and use
  • Supports multi-company, multi-currency, and multi-taxes
  • Has a good customer support system including live chat, help desk and 24/7 telephone service
  • Supports VAT tax, Business Intelligence and Payroll

Cons

  • Software updates not compatible with IBM system
  • More expensive than finance and accounting software in the market
  • Cannot be synced with any bank account.
  • The features available will not be enough to serve large enterprises
  • Additional modules like Customer Relationship Management (CRM) and E-commerce are not available

How it stacks up?

Access a head to head analysis of Coda Financials vs alternative software solutions.
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MoneyDesktop
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Intuit G...
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3

Frequently Asked Questions (FAQs)

Is it the best Accounting & Finance system?

Coda Financials is ranked 30 out of 419 software in their category (Accounting & Finance systems).

How they are rated on ITQlick?

The rating of Coda Financials is 4.3 stars out of 5 and the total score is 85 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Coda Financials makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently Coda Financials can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between Coda Financials and alternatives?

The most popular alternatives to Coda Financials in 2023: Denali Business, MoneyDesktop, MultiCHAX, Intuit GoPayment, Alight Planning Enterprise. Access the complete competitors analysis here - Coda Financials VS Accounting & Finance Software alternatives.

Is Coda Financials right for you or your business?

Unit4 Financials is fit for medium to large companies in need of automated and advanced finance and accounting software. Unit4 Financials caters solutions to various public sectors, educational institutions, financial service providers, wholesalers, and professional service providers. Among its customers are Funeral Directors Life Insurance Company, Ambac Assurance, Cultural Care, Inc., and Bluffton University.

List of categories

Billing & Invoicing
Budgeting & CPM
Core Accounting
Financial reporting
Fixed Asset Accounting
Fund Accounting
HR Accounting
Payroll Accounting
Project Accounting
Work Order Accounting
Human Resources Module
Medical Accounting

List of features

Accounts Payable
Accounts Receivable
Audit Trail
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Credit Card Processing
E-commerce
Fixed-Assets
Fund-Accounting
Multi-Currency
Project-Accounting
Purchase Orders
Sales Reporting
Tax compliance

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.