coda

codamade a big splash at the recent COMMON conference in Minneapolis. The developer of advanced financial software, which was one of only two pure application vendors at the show, used the venue to showcase its 25-year history supporting the IBM i platform, as well as its alliance with fellow Oracle-slayer, IBMCODA Financials may not be a household word in the IBM i world. It doesn't present a picture or an idea in your mind the same way that "JD Edwards" (gold-standard ERP) or "Dr. Frank Soltis" (grandfather of the AS/400) doBut the size and scope of the CODA Financials business on the IBM i platform may surprise you. Consider this: If CODA was a standalone entity, it would bring in $120 million in revenue per year.


(But alas, CODA is but a fraction of the $576 million Dutch IT company, UNIT4)Here's another fun CODA fact: 30 to 40 percent of the entity's revenue results from implementations on the IBM i platform. Simple math says this is almost a $50 million business for the peculiar Power Systems flavor. That's nothing to sneeze at. In fact, it's something to shout about, which is exactly what UNIT4 CODA was doing in Minneapolis three weeks agoSince the early 1980s, CODA Financials has always run natively on IBM platforms--initially AS/400 and now Power Platform with DB2," stated UNIT4 CODA CEO Steve Pugh in a press release.


"Power Systems users are assured that their businesses have the most flexible and adaptable financial accounting systemThe Java-based CODA Financials package excels in complicated business environments, particularly those that require multi-lingual, multi-currency, or multi-subsidiary capabilities. The product is often touted as a best-of-breed package that combines functional areas of accounting, such as accounts receivable, accounts payable, general ledger, and budgeting, into a single product backed by a single database. The capability to customize a CODA Financials implementation is another benefit often touted by the developer.

coda