Name: Unit4 Financials by Coda
Rating: 5.2 (4 reviews)
Author: Unit4

Help Desk

Live Chat

Web and Video Conferencing

Customer Support

Flowchart

Development

Association Management

Business Intelligence (BI)

Collaboration

Enterprise Legal Management

Risk Management

Streaming Analytics

Workflow

Enterprise

Accounting

Accounts Receivable

Crypto Asset Management

Crypto Tax

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Diversity, Equity, and Inclusion (DEI)

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

.Net Development

AI Governance

Cloud Storage

Custom Software Development Services

Data Center Virtualization

Data Fabric

Fraud Detection

IT Service Providers

Identity Verification

Integration Platform as a Service (iPaaS)

Intranet

Load Testing

Managed File Transfer (MFT)

Managed Private Cloud

Network Performance Monitoring

SaaS Management

Software-Defined WAN

System Monitoring

Time Series Databases

User Activity Monitoring

Web Portal

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Audio Editing

Content Management

Contest Management

Email Marketing

Gamification

Marketing Automation

Personalization Engines

Press Release Management

Product Sampling

Social Media Management

Survey & Forms Building

Video Editing

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead-to-Account Matching and Routing

Product Configuration

Sales

Architecture

Construction Workforce Management

Inventory Management

Last Mile Delivery

Loan Servicing

Moving Software

Oil and Gas

Physical Therapy

Vertical-Specific

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Users recommend having a strong technical team in place to ensure that Unit4 Financials is intuitive and easy to use for end-users. They emphasize the importance of existing Standard Operating Procedures (SOPs) for a successful product launch. Users also recommend Unit4 Financials for its standard, logical, and organized solutions for accounting purposes. They appreciate how the system takes budgeting and managerial operations seriously. Additionally, users mention that while the system works well, there are many menus and sub-reports, which requires some learning to understand the location of various features. Finally, users suggest taking a look at CODA as a new financial software solution and suggest reading to understand its capabilities for businesses. They consider CODA to be a solid product based on their understanding of it. Overall, users advise clearly identifying the scope of projects when using these financial software solutions.

User-Friendly and Quick to Learn: Many users have found Unit4 Financials to be user-friendly and quick to learn, with a simple installation process. Several reviewers have appreciated the software's intuitive interface and easy navigation, making it accessible for both new and experienced users.

Robust Capabilities for Managing International Financials: Reviewers have highlighted the robust capabilities of Unit4 Financials for managing international financials. They have emphasized that technical expertise is not required to use the software effectively, allowing users from various backgrounds to efficiently handle recording, ledgers, books of accounts, and reporting in a smooth manner.

Customization Options Tailored to Specific Needs: The customization options available in Unit4 Financials have been highly praised by users. Customers are able to tailor the application according to their specific needs, allowing for more efficient and personalized work. This flexibility has been especially beneficial for small businesses as it enables easy filtering of relevant information.

Abysmal Customer Service: Several users have expressed their frustration with the abysmal customer service provided by Unit4 Financials. They have reported delays of up to 2 months in getting a response and difficulties in getting any kind of support from the company.

Complexity and Requirement for Financial Knowledge: Many users have found Unit4 Financials to be complex and require extensive knowledge of the tool, particularly for those without a financial background. This can be discouraging for users who are not familiar with financial processes and may lead to inefficiency and wasted resources.

Difficult Navigation and Lack of Intuitiveness: Users have highlighted the difficulty in navigating through the menus and submenus of Unit4 Financials. The options are often nested under multiple click-throughs, making it hard to find what they need quickly. Some features are also not initially intuitive, requiring training or trial-and-error to understand fully.

Unit4 Financials is a flexible and comprehensive ERP system that addresses various financial needs. Users have found it to be a suitable solution compared to other systems, particularly in expense location allocations. The software allows for effective management of financial demands, including the development of reports and sustainable budgeting plans. This has resulted in improved order and profitability. With its consolidated financial system, Unit4 Financials centralizes all necessary information, making it easily accessible to the appropriate individuals. The software has proven to significantly enhance efficiency, timeliness, and accuracy in handling workload and processing travel expenses. 

Over the course of 24 years, users have expressed long-term satisfaction with Unit4 Financials. Its implementation has brought efficiencies to the financial reporting process, streamlining tasks and improving overall productivity. Furthermore, it serves as a cost-effective solution for collating accurate data from various software sources. The handling of multiple currencies and currency revaluation simplifies the setup of international businesses and enables the use of a single core financial tool for the entire organization. Additionally, the customizable nature of the tool allows for exceptions and special processing rules without requiring system changes.

By implementing Unit4 Financials, companies have significantly reduced the time spent on preparing financial statements and processing expense allocations, resulting in substantial time savings. AP Specialists utilize the software for invoice processing while support personnel have automated manual processes and reduced time-consuming tasks, thereby improving finance operations. Although not directly involved in its use, Unit4 Financials provides cost analytics and easy data gathering for the operations side of the business. It is also used for monthly financial reporting, enabling the creation of reports with relevant information in a suitable format.

Users appreciate Unit4 Financials' potential for further efficiency gains and express a desire to learn more about its functions and build custom reports. Overall, the user experiences with Unit4 Financials showcase its capabilities in providing a flexible and comprehensive financial management solution that addresses multiple needs in an efficient and cost-effective manner.

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

Microsoft Dynamics 365 Finance is used to automate and modernize global financial operations. The application can monitor performance in real time, predict future outcomes, and support data-driven decisions to drive business growth.

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Unit4 Financials by Coda

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Accounting software automates and streamlines financial management, from core functions like accounts payable and receivable to complex tasks like ledger management and reporting. They are aimed at enhancing accuracy, providing real-time financial insights, and ensuring compliance. Advanced systems integrate with other business tools, supporting everything from expense tracking to payroll. Explore user reviews and comparisons to find the best accounting software for your business.

Homepage - Ep2 Unit4 Financials feature Spotlight Series

Likelihood to Recommend

Security

Reporting & Analytics

General Ledger and Configurable Accounting

Single sign-on capability

Role-based user permissions

Dashboards

Standard reports

Custom reports

Accounts payable

Accounts receivable

Cash management

Expense management

Multi-division support

Intercompany Accounting

Journals and Reconciliations

Standardized Processes

Inventory tracking

UNIT4 is a global cloud-focused business software and services company aimed at helping dynamic public sector and commercial services organisations to embrace change simply, quickly and cost effectively in a market sector we call ‘Businesses Living IN Change’ (BLINC)™*. UNIT4 incorporates a number of the world’s leading change embracing software brands including Agresso, our flagship ERP suite for mid-sized and large services intensive organisations; Coda, our best-of-class financial management software; and FinancialForce.com, the cloud applications company formed with investment from salesforce.com.

With a revenue of €490.5m in 2013 we are a top ten ERP software player globally, and Europe’s second-largest ERP supplier. We have operations in 17 European countries, as well as 7 countries across North America, Asia Pacific and Africa and sales activities in many other countries. UNIT4 is headquartered in Sliedrecht, the Netherlands and has more than 4,000 employees. 

For more information on UNIT4 or any of its operating companies, please follow us on Twitter: @UNIT4_Group, visit our Facebook page: http://www.facebook.com/UNIT4BusinessSoftwareNV or visit the website at www.unit4.com.

Unit4

Financial management solution, including capabilities for general ledger and configurable accounting

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.

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Centralize financial management to facilitate standardized financial processes

The ability to track and manage the flow of goods or materials into and out of an inventory.

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Unit4 Financials by Coda

Overview

What is Unit4 Financials by Coda?