Charity Puts Faith in COA Solutions` OpenAccounts System

Released on: April 14, 2008, 7:44 am

Press Release Author: COA Solutions Lrd

Industry: Accounting

Press Release Summary: Prospects for People with Learning Disabilities is
implementing an OpenAccounts financial and reporting system from COA Solutions.

Press Release Body: 14 April 2008 - Prospects for People with Learning Disabilities
- a leading UK Christian organisation providing residential support and day services
to people with learning disabilities - is implementing an OpenAccounts financial and
reporting system from COA Solutions (formerly CedarOpenAccounts). The new
OpenAccounts system will support the charity's growth, improve financial reporting
and enable its finance department to spend more time on value-adding activities.
Prospects will go-live with the new system on 16 April 2008.

Prospects required a scalable financial management solution to replace its
restrictive accounting system and to significantly reduce the time and money spent
on invoice registration, reconciliation and authorisation. Following a competitive
tender, Prospects chose COA Solutions' OpenAccounts system due to its strength in
reporting, advanced functionality and ability to closely meet all the charity's
business objectives. OpenAccounts was also the only system tailored to accounting
with designated and restricted funds and COA Solutions demonstrated a clear
understanding of the not-for-profit sector.

Helen Preece, Finance Director of Prospects, comments, "Our previous financial
system was restrictive when we needed to extract financial information for reporting
purposes. Carrying out basic day-to-day accounting processes also proved to be more
and more time consuming as we continued to grow. COA Solutions has an excellent
reputation within the not-for-profit sector and is the only company to completely
understand all of our needs as a charity and meet our requirements."

COA Solutions' OpenAccounts software is a fully integrated suite of financial
accounting modules that enable users to improve productivity in the finance
department. The OpenAccounts software will allow Prospects to centralise financial
operations at its head office in Reading, which services over 60 service centres in
England, Northern Ireland and Wales. This new system will significantly improve
efficiency and improve the type and amount of information available, helping to
improve the charity's performance whilst ensuring greater financial control.

Preece adds, "COA Solutions' OpenAccounts system will save time and boost our
efficiency by allowing the finance department to concentrate on value-adding
activities. The new system will also bring us significant cost savings as by cutting
manual processing, we won't have to employ any additional accounts staff to support
the charity going forward."


About COA Solutions Ltd

COA Solutions (formerly CedarOpenAccounts) is the UK's leading supplier of
integrated business management and information systems to public, private and
not-for-profit organisations in the service sector. COA Solutions prides itself on
getting close to its customers by understanding their businesses and responding to
their business needs.

COA Solutions' award-winning Smart Business Suite combines core financial
management, procurement, human resource and payroll systems, integrated with a range
of collaborative, document management and business intelligence solutions. These
solutions extend the value and effectiveness of the finance, HR and payroll
departments across the organisation and enable managers in the business to monitor,
analyse and continually improve corporate performance.

COA Solutions has more than 450 experienced and professional staff supporting and
servicing over 3,000 clients across the UK service sector including Companies House,
Newcastle City Council, WHSmith, Royal Bank of Scotland, Aer Lingus, National
Express Group, DFS, RSPB and Great Ormond Street Hospital for Children NHS Trust.

About Prospects

Prospects is a Christian voluntary organisation which values and supports people
with learning disabilities so that they live their lives to the full. Founded in
1976 by David and Madeleine Potter as \"A Cause for Concern\", Prospects has seen
remarkable growth throughout the United Kingdom. Prospects' policies and activities
are based on the Principle of Personal Value and it operates within a distinctive
Christian ethos.

Prospects works in partnership with local authorities, housing associations, trusts
and local churches. It is committed to expressing Christian principles and values
through high standards of professional practice, supporting and enabling adults with
learning disabilities to live their lives to the full.


Liz Ebbrell, COA Solutions

+44 (0)1625 856505 or 07917 634 705

Ben Carey, COA Solutions

+44 (0)1625 856505

Web Site:

Contact Details: Ben Carey
COA Solutions
London House
London Road South
Cheshire SK12 1YP
Tel: +44(0)1625 856505

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