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Coda & Corefino Pair on Cloud Accounting

Provides mid-market CFOs with a low-cost alternative to the traditional on-premise software

Coda and Corefino, two accounting ISVs, say they have joined forces to give mid-market CFOs a low-cost alternative to the traditional on-premise software offered by the "Big 3" ERP giants.

The new three-part accounting service, called Corefino 2go, combines Coda's 2go SaaS accounting package, built on Saleforce.com's Force.com cloud computing platform, with Corefino's Triple-C best practices/workflow framework.

The cloud-based solution, available for a monthly subscription, can reportedly be deployed in a month or less and requires only an Internet connection to access data and download reports.

The partnership combines UK-based Coda's 30 years of experience delivering financials with the turnkey People-Place-Platform solution of Silicon Valley start-up Corefino, formally launched in May.

By joining forces with Coda, Corefino expects to maximize its Triple-C (Connect, Correct and Comply) framework, which comprises more than 500 airtight self-contained best practices and key business processes across the finance function.

The pair promises to relieve companies of the issues related to on-premise software, such as ongoing maintenance, post-implementation changes and system upgrades.

Coda software is designed for multi-currency, multi-language, multi-country, multi-company and multi-site operations, and is used by around 2,600 medium and large organizations in 100 countries in a variety of markets and in both the public and commercial sectors.

Corefino sees itself as the "future of 21st century accounting" - a completely outsourced solution for replacing the aging on-premise approach to performing routine financials.

Corefino services include reconciliation, GAAP-based financials, plus others that facilitate monthly/quarterly/annual closes and IPO and merger preparation.

The company was founded in 2004, the Triple-C platform was completed in 2006, and the company was capitalized last year.

Coda is part of Unit 4 Agresso NV, which is headquartered in the Netherlands and listed on the Dutch stock exchange. CODA 2go is the first international SaaS accounting system developed on Salesforce.com's cloud platform.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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