Updated financial solution launched

Finance | 7 Apr 2008

CedarOpenAccounts has launched an enhanced version of its finance and human capital management software suite, which it says has been designed with charities in mind. The update includes modifications to improve productivity and ease of use, new reporting functionality and new programs for cash management, planning, budgeting and forecasting.

Charities marketing manager Grahame Marsden said that regular updates to its system were usually based on customer feedback. ‘We have an active user group for the not for profit area, as well as the full Open Accounts user group and 80 per cent of the new functionality in this release has come from suggestions from these groups. it is an evolutionary change as opposed to a revolutionary one, therefore it is a relatively straightforward process to upgrade and there won’t be many unnecessary costs. It is particularly important these days for financial software providers to produce upgrades, but whereas some can’t afford to do this, we invest 15 per cent of income back into the product.’

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