Delta Index Selects CODA Financials System to Support Growth and Expansion

Harrogate, North Yorkshire (PRWEB) January 21, 2009 -- CODA Group, the finance software specialist, today announced that Dublin-based online trading company Delta Index has selected CODA's Financials software to support its growing financial reporting and management requirements. The deal follows the recent rollout of Delta Index's proprietary XDeal trading platform and the company's announcement of an ambitious expansion of its online trading services across Europe.

The integrated solution will enable Delta Index, a leading provider of contracts for difference and financial spread betting services, to achieve enhanced access to business-critical information and more accurate performance assessment within each of its business areas. As part of the company's back-end control environment, the system integrates seamlessly with Delta Index's XDeal platform, broker management systems and various finance and accounting functions. The implementation also incorporates CODA's Analytic Explorer software for analytic browsing and CODA's XMLi linking tool to interface with other business systems.

Commenting on the announcement, Conor O'Neill, Joint Managing Director of Delta Index, stated: "In choosing to partner with CODA, we looked for a robust and scalable solution that would integrate with our online trading platform to support our financial management requirements as we continue to grow and expand into Europe. CODA's Financials enables us to access financial information across each of our business areas in real time while providing enhanced reporting and management capabilities to support our regulatory and compliance requirements in a multi-currency, multi-country environment."

ABOUT DELTA INDEX
Delta Index www.deltaindex.com is an Irish privately owned online trading company specialising in contracts for difference and financial spread betting. Founded in 2001 by Joint Managing Directors Conor O'Neill and Michael O'Shea, the company provides investors with the ability to trade the world financial markets without the high transaction costs associated with buying and selling financial assets. The executive team also includes Chris Curran (formerly Bank of Ireland Private Banking). Dermot O'Donoghue, former Head of Treasury at AIB, holds the position of Non-Executive Chairman.

ABOUT CODA
CODA creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of Financial Directors and Finance Departments. These include financial management systems, analysis applications, and business process management and control software to implement compliance solutions. Its service oriented architecture also makes CODA software easy for clients and other vendors to integrate it with their business applications.

CODA was founded in 1979, has around 600 employees working at 18 offices in 14 countries. 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 over 100 countries in a variety of markets and within both public and commercial sectors.

CODA is part of Unit 4 Agresso NV, which is headquartered in the Netherlands and listed on the Dutch stock exchange. The Unit 4 Agresso group is an international developer and distributor of integrated business information and management systems and security solutions, providing secure e-business solutions to its customers. It has around 3500 staff in 19 countries and more than 5200 client organisations.