Working in close collaboration with Microsoft, CODA has developed a powerful yet straightforward process control solution (Manager) to transform documented procedures into systems that drive and protect the business. It has now applied these tools to address the specific issues and challenges around period-end close and financial reporting.

CODA 2control Close integrates seamlessly with Financials or other leading finance applications, such as SAP, Oracle or Microsoft and combines our Manager task modelling engine with widely used Microsoft® Office productivity technologies, such as: Outlook® (email); and InfoPath® (forms) and, where required, SharePoint® (standard portal).

This allows users to model, initiate and manage key processes:

• automating task assignment and management
• collating, tracking and clearly showing the owners, dependencies, timescales and progress of all tasks – via a shared web portal
• keeping all participants informed and aware of the input needed and when it is required
• creating audit trails and a document history to support compliance reporting and internal controls requirements.

The result is a simple solution that helps manage and streamline your period close and financial reporting, making every stage easier, clearer, more controlled and better coordinated for all concerned. It enables organizations to:

• help participants in the period end to work together more efficiently
• streamline, automate and integrate period-end processes
• cut the time staff spend gathering, checking, assessing and adjusting data from people and systems across the organization.