Released on = February 12, 2007, 9:23 am

Press Release Author = CODA

Industry = Small Business

Press Release Summary = . Improves period-end close processes outside ERP
functionality for customers using SAP solutions
. Integrates with core SAP applications and other applications compliant with the
SAP NetWeaver® platform
. One of the first UK software companies to achieve SAP xApps Certified
qualification, an important level of certification with the latest integration
technology from SAP

Press Release Body = Fast Close by CODA can interoperate with applications from SAP
and other vendors that are compliant with the SAP NetWeaver platform to help users
improve period-end close processes. The certification was achieved by demonstrating
that Fast Close by CODA is compatible with the SAP NetWeaver Portal and meets all of
the technical and business criteria established by SAP for its SAP xApps Certified
status.

Fast Close by CODA integrated with the SAP NetWeaver platform helps make the
financial period-end close process even more efficient and controlled for users of
SAP solutions in accounting and/or controlling departments. It helps users define,
manage and audit period-end accountancy activities such as making provision for bad
debts.

During the course of certification testing, CODA demonstrated the process of Bad
Debt Provision, automatically extracting relevant data from the mySAPT Customer
Relationship Management (mySAP CRM) and mySAP ERP Financials applications,
presenting it in a simple format to the Financial Controller for review, and then
posting the approved journal back to mySAP ERP Financials.

ERP applications such as those from SAP manage users' financial data, but the nature
of the tasks involved in closing the accounts each month means that many activities
take place outside of those applications, generally involving many manual tasks.
Fast Close by CODA is designed to address the growing need for business process
management and brings increased control, visibility and auditability to the overall
process.
Fast Close by CODA helps finance departments using SAP solutions, or ERP systems
from other vendors, to get control over the period close, automatically scheduling
the tasks, standardizing the whole process and making it visible to the financial
controller. This ensures that every step taken is recorded and retained for future
audit.

"SAP xApps Certified solutions enable continuous business innovation and provide
customers with the flexibility to respond quickly and profitably to business change,
while leveraging and protecting existing IT investments," said Kevin Ichhpurani,
vice president, Global Software Solution Partner Program, SAP. "By certifying ISV
solutions that complement the SAP xApps family of composite applications, we
continue to deliver to our customers innovative and flexible solutions built on SAP
NetWeaver that provide end-to-end business processes for solving concrete business
problems."

About CODA
CODA creates, markets and implements a complete range of software systems designed
specifically to meet the needs of Financial Directors and Finance Departments. These
include financial management systems, analysis applications, and business process
management and control software to implement compliance solutions. Its service
oriented architecture also makes CODA software easy for clients and other vendors to
integrate it with their business applications.
CODA was founded in 1979 and has around 550 employees working from 13 global
locations. CODA software is designed for multi-currency, multi-language,
multi-country, multi-company and multi-site operations, and is used by around 2,600
medium and large organizations in over 100 countries in a variety of markets and
within both public and commercial sectors.



Web Site = http://www.coda.com

Contact Details = Emma Hoyle||Beckwith Head Road-Cardale Park ||Harrogate , HG3
1RY||$$country||||44-01423-537-977||Emma.hoyle@coda.com||http://www.coda.com