Released on = March 1, 2007, 6:46 am

Press Release Author = CODA

Industry = Small Business

Press Release Summary = . Result of significant development investment over two years
. Integrated reporting, browser based procurement and new sales order processing
functionality
. Meets legislative requirements for CIS taxation changes


Press Release Body = CODA plc, the finance systems specialist, today announced the
availability of the latest version of its Dream software, the best-of-class unified
ledger accounting system for mid-market and growing businesses.
Version 3.3 of the software is the result of significant research and development
investment over two years resulting in new and more advanced product and technical
features based on the latest technology. Functional enhancements include integrated
sales order processing, improved browser-based procurement, a new DreamView
reporting tool and technical support for new Construction Industry Scheme (CIS) tax
changes.
The latest browser-based procurement function in version 3.3 will speed up and
simplify the whole purchase to pay cycle from raising the initial requisition
through to central invoice matching and payment. As well as reducing costs by
providing fast, controlled access to key procurement functions, Dream helps deliver
accurate budgetary control over expenditure, ensures full validation of requests
against specified business criteria, offers full support for commitment accounting
and rounds off the process with invoice payment and posting of completed
transactions into the purchase ledger.
In response to customer feedback, CODA has made significant developments to its
DreamView tool in this release, the add-on reporting tool for Dream. Using Microsoft
.NET technology, it has been re-written to interface directly with Dream enabling
two-way communication for reporting of information and feeding data, including
report changes and updates, back into the software database.
Dream 3.3 will help companies comply with the new HM Revenue & Customs' changes to
taxation for contractors and subcontractors, commencing in April 2007. Users will be
able to keep records of sub-contractors they employ within their finance software,
their different tax status and any payments made to them showing any tax deductions.
CODA has already enabled some customers to start using the new software in
preparation for these changes.
CODA will be exhibiting at the Softworld Accounting & Finance show at the Novotel
London West in Hammersmith, London on March 6th and 7th 2007.
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 with their business applications.
CODA was founded in 1979, has around 550 employees working from 14 global locations,
and is listed on AIM in London under the ticker "CODA". 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