UNIT4 Business Software, the North American subsidiary of UNIT4, the global leader in software that supports business change, has signed an agreement to provide MOL Logistics USA with UNIT4 Coda Financials. The solution will serve as the financial information backbone to help the company improve efficiencies and reporting capabilities.

MOL Logistics supports the wide-ranging logistics needs of its customers by offering air, road and sea freight, overseas removal, public warehousing, distribution centers as well as terminal and container-shipping services. For the last decade, the North American office has been using home-grown accounting systems for freight forwarding, trucking operations and an off-the-shelf application for its customs brokerage operations. “These systems became outdated and they weren’t providing us with simple and fast financial data of all our business units,” says Yumi Fukunaga, Chief Financial Officer at MOL Logistics USA. “To stay competitive, we needed a robust solution that would provide us with real-time financial visibility across our business, allow us to prepare accurate quotes and quickly determine cost-saving opportunities for our customers,” she adds.

Following a comprehensive review, MOL Logistics selected UNIT4 Coda Financials based on its strong track record in the transportation and logistics industry and its perfect fit to the company’s needs. “Coda Financials offers us all the functionality found in a Tier1 system with web services interface and at a low total cost of ownership; plus, its superior reporting capability with the CODA-XL package will allow us infinite ways to classify, group, measure and analyze our financial data in real-time,” Fukunaga adds. “Coda’s ability to act as the financial hub and integrate seamlessly with other operational systems will support our future growth strategy in Canada and Mexico” she concludes.

UNIT4 Business Software serves a wide range of transportation and logistics customers that include shipping, trucking, rail, air freight and more. “Our financial accounting software is the most low-risk and cost effective solution for this highly competitive sector,” states Shelley Zapp, president and CEO of UNIT4 Business Software. “Coda Financials offers flexible integration capabilities and easy implementation which allow our customers to remain competitive by improving their profitability,” she adds.

MOL Logistics expects to be up and running on Coda Financials by the end of Q3 2014.