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CODA Soars Into The Year Of Cloud Computing With CODA 2go Spring ‘09

• Full SaaS accounting capability covering general ledger, accounts payable and accounts receivable
• First cloud accounting application built on salesforce.com’s cloud computing platform, Force.com

Manchester, NH – April 07, 2009 - CODA Group, the finance software specialist, today launched its much-awaited CODA 2go Spring ’09 accounting Software as a Service (SaaS) at salesforce.com’s Cloudforce conference in London.

Spring ’09 is the second release of CODA 2go and considerably extends the functionality of the first release to offer a complete accounting application. This release covers accounts payable and general ledger accounting, including spreadsheet integration, as well as enhanced accounts receivable and invoicing functionality. Its multi-company, multi-currency capabilities make CODA 2go suitable for any size of business.

Built 100% natively on Force.com, salesforce.com’s cloud computing platform, CODA 2go is the first accounting solution that works seamlessly with Salesforce CRM. Having CODA 2go and Salesforce CRM running on the Force.com cloud computing platform and leveraging the same shared infrastructure means that users get the most out of their customer relationships, from making initial contact to ensuring smooth accounting processes and accurate invoicing. It will help companies leverage valuable data across customer services, sales and accounting, giving a 360-degree view of the business at a time when cash flow has never been more important.

"We have been impressed by what CODA has achieved in such a short space of time,” said Jason Cremins, CEO of Remote Media, a CODA 2go Spring ’09 beta customer . “Building on Force.com has clearly worked to their advantage, as CODA 2go and Salesforce CRM work together seamlessly. The latest release offers all the accounting functionality we need and works easily with our own Force.com solution, signagelive.com, a SaaS Digital Signage solution for revenue recognition. Working closely with CODA and salesforce.com, we have been able to run our entire business operation in the cloud, which is critical to our global business strategy.”

CODA 2go is available via a monthly subscription model. Initial pricing for a full subscription to CODA 2go will begin at $125.00 per user per month. Starting today, a free 30-day trial of the Spring ’09 release will be available at http://www.coda2go.com/freetrial 

“This is the CODA 2go release that many have been waiting for,” said Jeremy Roche, CEO of CODA. “This release builds on CODA’s 30 years’ experience in developing best-of-class accounting software. It is simple to set up and use and cost-effective to run, and for many companies and subsidiaries, it will better meet their accounting requirements than on-premises software. We expect it to quickly become the de facto cloud accounting solution for salesforce.com customers, as well as those companies that are looking for an on-demand accounting application that is more sophisticated than others on the market, without the complexity and cost that often implies.”

“CODA brings vast experience and a long track record of customer success in accounting and financials to cloud computing,” said Steve Lucas, senior vice president, Force.com marketing and AppExchange, salesforce.com. “We’ve been thrilled with the pace at which they’ve delivered innovation and customer success on Force.com. CODA 2go gives customers a best-in-class accounting application in the cloud that doesn’t require them to manage and maintain complex client/server infrastructure.”

For more information, please visit http://www.coda2go.com

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About CODA & CODA 2go
CODA creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of financial directors and finance departments. These include on premise financial management systems, analysis applications and business process management and control software to implement compliance solutions.

CODA 2go is CODA’s new SaaS accounting application designed to deliver high functionality accounting on a subscription basis. It is the first international SaaS accounting system developed on salesforce.com’s cloud computing platform, Force.com.

CODA was founded in 1979 and has around 500 employees working at 18 offices in 14 countries. CODA is part of Unit 4 Agresso NV, an international software developer headquartered in the Netherlands and listed on the Dutch stock exchange. It has around 3,500 staff in 19 countries and 5,200 client organizations.