Bristol, UK., September 14, 2010, UNIT4 Business Software Ltd, the UK division of UNIT4, the world’s leading provider of ERP for fast changing organisations, today announced that The Rank Group Plc (Rank) has purchased its CODA best-of-class financial management software to manage the finances of its international gaming and betting business.
The solution, which will be implemented by UNIT4 consultants, will support the financial operations of more than 135 Mecca Bingo, Grosvenor and G Casino outlets.
“Selecting a new system that would support our future growth was critical,” said Clive Jennings, Group Financial Controller at Rank. “We asked a number of the major accounting firms which system they would recommend, carried out a detailed market evaluation of those systems and then sought out client references for a solid accounting platform. The responses all pointed toward CODA. An important factor was the capability to easily adapt the system to the business. Its flexible chart of accounts structure maps to our business, allowing us to add new businesses and gaming outlets around the world as required. The CODA software is truly international and will help us develop a single view of our financial performance around the globe.”
CODA Financials will interface with each gaming outlet’s management system to capture performance and accounting data. Of particular importance to Rank is CODA’s ability to manage and reconcile the large volumes of cash it receives. Each day the system will automatically manage this process, reconciling cash with bank statements, calculating revenue and VAT liabilities, and quickly identifying any anomalies. The system will also remove less value added activities; administration for instance will be reduced using workflow allowing the 35 finance professionals at Rank to concentrate on business analysis and individual site performance.
“We expect the UNIT4 solution to enhance the efficiencies of our accounting processes and provide the capacity to accommodate multiple languages allowing Rank to use it as a single finance platform for the company” concluded Clive Jennings.
About The Rank Group Plc
The Rank Group Plc is a leading European gaming and betting company, headquartered in Great Britain. Rank’s businesses include a number of established brands in gaming and leisure. These include Mecca Bingo, Top Rank España, Grosvenor and G Casinos, Blue Square, Mecca Bingo.com and Mecca Mobile.
The Group is focused on generating positive returns for shareholders based upon sustainable growth in earnings per share. We will do this by creating a gaming-based leisure business with leading standards of customer service and entertainment.
For more information, please visit: www.rank.com.
UNIT4 is a global business software and services company aimed at helping dynamic organisations to embrace change simply, quickly and cost effectively in a market sector it calls ‘Businesses Living IN Change’ (BLINC)™. The Group incorporates a number of the world’s leading change embracing software brands including Agresso Business World and CODA financial management software.
Agresso Business World is our flagship ERP suite for mid-sized services intensive organisations. It is widely acknowledged for delivering ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year. This is achieved thanks to its powerful VITA™ architecture, which is unmatched in the ERP world.
CODA Financials is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA’s LINK™ architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast changing and mixed application environments. It is a global accounting solution for mid-to large sized organisations, offering a “no compromise” approach to financial modelling, process control and application choice.
In the UK we focus strongly on the public sector where we are a leading provider to local government, Further and Higher Education, Emergency Services and Health organisations. In the commercial sectors Financial Services, Retail and Media and Publishing are key markets. Overall we aim to be the UK’s foremost business software company, providing solutions that transform the delivery of public services and comprehensively support commercial organisation in their ability to adapt and prosper in rapidly changing environments.
UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 15 European countries, as well 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, revenue of €379.4 million was realised in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 3,456 employees (31 December 2009).
For more information, please visit: www.unit4software.co.uk