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Unit4 Financials by Coda

Score5.2 out of 10

4 Reviews and Ratings

What is Unit4 Financials by Coda?

Unit4 Financials by Coda is presented as a no-compromise, dedicated, standalone financial management software that supports financial accounting, procurement, billing and asset management.

Categories & Use Cases

Top Performing Features

  • Single sign-on capability

    The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

    Category average: 8.8

  • Role-based user permissions

    Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

    Category average: 8.8

  • Accounts payable

    This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

    Category average: 8.7

Areas for Improvement

  • Standard reports

    The software offers pre-built reports with metrics standard to the category.

    Category average: 8.5

  • Intercompany Accounting

    Automatically balance and reconcile GL for intercompany transactions

    Category average: 8.4

  • Dashboards

    Users can create, customize and share dashboards, which provide an overview of the most important metrics.

    Category average: 8.1

Unit 4 Financials Meets Most of Our Needs

Pros

  • It is easy to move around in if set up properly.
  • You can changes background colors to your choice.
  • It is customizable (you can create home pages specific to the user).

Cons

  • There is a lot of "building" when first starting up with the software.
  • Some of the data you cannot pull unless you have sequel knowledge, although capabilities are getting better.
  • There is not a good operating statement report option.

Return on Investment

  • Because of the lack of operating statement reports, we've had to spend additional funds to use another system.
  • It does show data in real time, so no waiting for batches to update overnight.
  • You can do a lot of customizing to meet your own needs.

Other Software Used

Global Shop Solutions One-System ERP