Mothercare Takes Accounting From Coda

CODA Group, the finance software specialist, today announced that Mothercare plc has signed a contract for its Financials software and services.

Already in use at two subsidiaries within Mothercare, CODA underwent a competitive evaluation and was chosen as the preferred system for group-wide accounting at the International high street retailer. Its flexible nature and user definable screens, along with its ability to integrate smoothly with the retailer's other business systems, were instrumental in the decision.

"We are confident that CODA's software will support our complex Group structure," said Mike Rainer, Group Financial Controller at Mothercare. "The CODA team worked closely with us to show how the core product functionality, along with its consolidation and reporting capabilities, would meet our critical business issues. CODA will link our merchandising and EPoS environments into our financial management systems helping us to automate further our accounting processes."

CODA's dedicated retail accounting solution supports core accounting and procurement processes as well as specialist retail accounting processes and reporting requirements. It links seamlessly to leading merchandising and EPoS systems. The level of detail that can be captured in the CODA system means that all store transactions are held in great detail, enabling in-depth analysis and reporting – for example by period, by week, by day, by store. It also offers sophisticated high-volume invoice matching which is vital for any retailer.

Mothercare was also impressed by CODA's reporting and analysis capabilities and has selected additional products including XL, Procurement, Invoice Matching, Assets and CODA's consolidation software. The addition of an integrated business intelligence tool from Cognos will mean that Mothercare has end to end accounting, reporting and analysis capabilities.