FDLIC selects UNIT4 Coda Financials as financial hub in systems modernization initiative

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Provides financial information backbone for fast-changing and mixed application environment

Victoria, B.C. and Manchester, N.H. (January 9, 2014) – UNIT4 Business Software, the North American subsidiary of UNIT4, the global leader in software that supports business change, today announced that Funeral Directors Life Insurance Company (FDLIC) has selected the company’s UNIT4 Coda Financials software to update their financial accounting system as part of an overall modernization strategy.

FDLIC required a new system that would provide real-time financial visibility across the business by integrating with its core insurance administration software (GIAS) and internally developed custom IBMi applications. As a market leader in pre-need insurance, FDLIC has experienced exponential growth – in sales, territory, quality of service and in its investment portfolio.  Underpinning this growth is a commitment to using cutting-edge technology.

“We needed financial accounting software that could easily integrate into our portfolio of business critical systems,” states Dawson Rodriguez, CIO at FDLIC. “Coda is unique in its ability to provide cutting edge functionality, while supporting a mixed application environment. Previously, our accounting system was archaic green screen software and the finance team struggled with a spreadsheet jungle that severely impacted month-end reporting. We needed a modern system using web services to automate processes and free up our staff.  Coda offers a scalable solution that supports our growth strategy into the future.”

Coda Financials is an ideal solution for businesses with a mixed application environment and heavy integration requirements. “Like many of our insurance customers, FDLIC has business critical systems in place and they are able to slide Coda Financials seamlessly into the mix,” states Shelley Zapp, president and CEO of UNIT4 Business Software.  “They are a progressive organization that recognizes the powerful impact the right technology can have on their business.”

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About FDLIC

Funeral Directors Life Insurance Company (FDLIC) is a life insurance company that specializes in the sale of prepaid funeral plans funded by insurance policies and annuity contracts. Its business is centered on developing innovative preneed products and services. Its goal is to be known as "the best, most-respected provider of service to the funeral industry." For information on FDLIC, please visit the following website: www.funeraldirectorslife.com.

News Source : FDLIC selects UNIT4 Coda Financials as financial hub in systems modernization initiative

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