MANCHESTER, NH--(Marketwire -03/29/12)- UNIT4 CODA, Inc., a division of UNIT4 (EURONEXT: UNIT4), the world's leading provider of business software for fast-changing organizations, today announced that Pinnacol Assurance selected Coda Financials as its financial management software solution.
Pinnacol Assurance chose Coda Financials for several reasons, including its robust integration capabilities and flexible accounting structure, which enables detailed analysis and reporting according to a variety of data elements. The Coda Financials solution will replace an existing system at the company.
"We are finding that an increasing number of companies today want to retain their existing operational systems that work, and replace only those that lack the flexibility to meet their strategic needs -- as in Pinnacol's case, their finance system," said Steven J. Pugh, UNIT4 CODA's CEO. "Coda Financials is a best-of-class financial management system that enables companies to accomplish that, as well as adapt to ever-changing market demands. It provides one unified view of AR, AP and general ledger accounts for flexible capture and reporting of financial data as well as easy interoperability with existing operational systems."
About Pinnacol Assurance
Pinnacol Assurance is Colorado's leading provider of workers' compensation insurance. Pinnacol provides comprehensive, competitively priced coverage; immediate attention to claims; a highly qualified network of medical providers; and proactive safety programs to approximately 55,000 Colorado businesses. Since 2005, Pinnacol has returned more than $435 million in general dividends to its policyholders statewide -- a mark of the company's stable and strong financial health.
About UNIT4 CODA
UNIT4 CODA, Inc. is part of UNIT4, a $603 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a "no compromise" approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter and LinkedIn or visit http://blog.unit4coda.com.