CODA Up For Sale?

It appears that the long predicted consolidation in the Financial Software Market is continuing apace with Agresso making an offer for CODA. The offer is currently being considered by the CODA Board so its by no means a done deal.

We have many mutual customers with CODA particularly on the Expense Management side where our expense@work solution has proved a good fit.

Unlike many, I welcome further consolidation as it will lead to the development of standards for the storage of and access to financial data. Ultimately (perhaps 5 or 10 years from now) we will see a common unified data structure for Ledgers with the potential to move a Chart of Accounts and historical transactions between systems with ease.

Microsoft, SAP (certainly) and Oracle and Infor (I think) will probably be the last ones standing.