Coda Financials Review

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Last updated: Aug 30, 2019

Coda Financials Review

ITQlick rating
(4.3/5)

Medium business, Large business

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.

  • Categories (4/13):

    • Medical Accounting
    • Human Resources Module
    • Work Order Accounting
    • Project Accounting

Shlomi Lavi / updated: Aug 30, 2019

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.

Coda Financials Average Rating -

The rating of Coda Financials is 4.3 stars. The rating is based on ITQlick expert review

Coda Financials Typical Customers

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.

Coda Financials Features

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.

Coda Financials 5 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

Coda Financials 2 Cons

  • Software updates not compatible with IBM system
  • More expensive than finance and accounting software in the market

Coda Financials Alternatives

Workday HCM is cloud-based accounting software for medium to large businesses. Workday pricing is at the same ranges as Unit4 Financials. When features are being compared, Unit4 Financials has more detailed and upgraded accounting management functions than Workday HCM.

However, when it comes to being workforce management software, Workday HCM is a better than Unit4 Financials choice because it also has employee management features like attendance, performance, and time-off tracking. Both have high customer reviews online but Unit4 Financials is more beneficial and specialized as a financial and accounting software.

Limelight software is also cloud-based and serves medium and large enterprises like Unit4 Financials. Limelight pricing is cheaper than Unit4 Financials. Both have budgeting and forecasting, and reporting and analysis features but Unit4 Financials do not have Limelight’s sales commissions and workforce planning features.

One major function Limelight lacks is Unit4’s advanced accounting and invoicing system. Both garnered excellent vendor reputation online but Unit4 Financials can be a better choice as an accounting and finance solution for businesses.

Coda Financials Pricing Information

Unit4 Financials pricing is above the average cost of financial and accounting software. Its Account Payables feature allow streamlined “req-to-check” process, , multi-currency, e-invoicing and more. Account Receivables streamline order-to-cash process and assisted and automated cash matching.

Billing features include intuitive time entry and recording, service planning, and authorization workflow. Its budgeting system allows users to create a business model and product analysis.

It also has consolidation and cash management, performance reporting, and integration with finance systems, ERP systems, CRM systems and other data sources. It has project accounting, requisition, spend management and real-time report visibility functions.

Coda Financials demo

25 questions to ask the vendor on Coda Financials demo

Is Coda Financials the right software for me?

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.

Coda Financials Categories

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

Specifications

Company:
Address: Sliedrecht, The Netherlands
Website:Coda Financials
Customers: Medium business, Large business
Business Area: Finance management
Platforms: Desktop
Operating Systems: Mac OS, Windows, Linux

Coda Financials 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

Coda Financials Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
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