75 per cent of UK Organisations will Prosper During Economic Downturn

Released on: August 15, 2008, 3:02 am

Press Release Author: COA Solutions

Industry: Accounting

Press Release Summary: 75% of UK organisations will prosper during the economic
downturn according to a poll carried-out by COA Solutions.

Press Release Body: 75% of UK organisations will prosper during the economic
downturn according to a poll carried-out by UK business management and information
systems provider, COA Solutions. Managing Directors, Financial Directors, and
Financial Controllers from 100 UK public and private sector organisations completed
the poll and 75% stated that their businesses will prosper during the downturn. 25%
do not think their organisations will flourish during the economic slump.

Mark Thompson, Managing Director of COA Solutions says, \"With so much talk of the
devastating impact the credit crunch is having on UK business, these finding are
encouraging, indicating that UK senior management have confidence that their
organisations will not only ride-out the credit crunch but will profit from it.\"

Of the 25% of senior management who do not believe their organisations will flourish
during the downturn, the majority of these companies are not-for-profit
organisations, manufacturers and property developers.

Thompson adds, \"There is no denying that the credit crunch is being felt by
businesses throughout the UK, however, organisations can survive it and can even
take advantage of it as long as they have the right strategies, processes and
systems in place. The bottom line is that there is always money to be made, even in
a credit crunch.\"

COA Solutions is hosting an Executive Briefing for senior finance professionals on
18 September 2008 at the ICAEW in London, to help businesses profit from the
descending economy. Using practical examples, well-known financier and venture
capitalist, Jon Moulton, will discuss the essentials of cash control, setting the
right pace of action and exploiting weak competition and suppliers. Finance
professionals can register at www.moulton-speaks.com


Notes to Editor


About COA Solutions www.coasolutions.com

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 500 experienced and professional staff supporting and
servicing over 4,000 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 Jon Moulton

Jon Moulton is Managing Partner of Alchemy, a UK-based private equity firm, which
has invested 1.9 billion of equity with an emphasis on dealing with troubled
companies. It recently completed the raising of a 300m European special
opportunities fund.

He is a Chartered Accountant, a CF and Fellow of the Society of Turnaround
Professionals. He previously worked with Citicorp Venture Capital in New York and
London, Permira and Apax. He has been a director of five public companies, numerous
private companies and is currently a director of the US-based Irvin parachute
business, the COA Solutions IT business, Sylvan (timber) and Ashmore Group - a major
investor in emerging market debt.

COA Solutions Contacts:

Liz Ebbrell, COA Solutions


+44 (0)1625 856505 or 07917 634 705


Ben Carey, COA Solutions


+44 (0)1625 856505


Web Site: http://www.moulton-speaks.com

Contact Details: Liz Ebbrell
+44(0)1625 856505

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