COA Solutions Announces Recent Customer Successes
Scottish Charity, VSA, Completes VAT Return in One Hour Instead of Three Days; Wales Audit Office to Improve Cash Flow and More Easily Meet Ten Day Payment Target

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COA Solutions, a Progress Application Partner, recently made two customer success-related announcements:

Scottish Charity Completes VAT Return in One Hour Instead of Three Days with COA Solutions

VSA, a Scottish social care charity providing a range of caring services to local individuals and families in North East Scotland, has reduced the time taken to complete its VAT return from three days to just one hour with the implementation of a financial management system (FMS) from COA Solutions. This FMS, which has integrated electronic workflow and document imaging functionality, has also cut bank account reconciliation from two days to just 30 minutes and has significantly freed-up document storage space. Read the full press release.

 

Wales Audit Office to Improve Cash Flow and More Easily Meet Ten Day Payment Target Using COA Solutions FMS

The Wales Audit Office (WAO), which is responsible for auditing the public services in Wales, including the Welsh Assembly Government, is implementing a financial management system (FMS) with integrated cash flow forecasting, budgeting, planning and electronic procurement functionality from COA Solutions. This integrated system, which will also comprise electronic document imaging and data capture software (using Version One’s technology), will enable the WAO to closely monitor cash flow and more easily comply with the Government’s ten day supplier payment target. It will also eliminate any risk of unauthorised spending and improve financial reporting. The planned go-live is April 2010. Read the full press release.



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