Printing Company Selects Integrated System from COA Solutions to Support Acquisitive Growth Strategy

April 2008

March 27 2008 - Patersons, a global printing and information distribution company, has chosen an integrated financial management, human resource (HR) and payroll software system from COA Solutions (formerly CedarOpenAccounts)
www.coasolutions.com.

UK headquartered Patersons required a customisable and solid system that could support its existing and future growth plans through acquisition. The company also needed an integrated reporting, financial management and HR system to effectively support its global operations. Improved reporting and process efficiency as well as easy access to consolidated financial and HR data across its UK and USA offices were some of the key drivers for the new system.

Following a competitive tender, Patersons chose an integrated solution from COA Solutions comprising an OpenAccounts accounting system and OpenPeople HR and payroll system. Patersons selected these systems due to their flexibility, strength in reporting and HR as well as their ability to closely align with the company's existing business systems. This integrated software solution, which will replace Patersons' current disparate systems, will dramatically reduce manual data entry and improve efficiencies in management reporting allowing managers worldwide to directly access real time information via the desktop.

Neil Fanthome-Hodgson, Chief Financial Officer of the Patersons Group commented, "As a growing and acquisitive business, we needed a system that could develop with the company and have the flexibility to incorporate any companies we acquire in the future. The OpenPeople HR and payroll system can be easily customised to suit our own specific needs and by using a more user friendly and efficient financial management system, we anticipate significant savings in time and resources."

Fanthome-Hodgson continues, "Both our offices in the UK and USA will have web access to the new systems strengthening and unifying our HR and financial management processes. Our existing print estimating and CRM software packages will also easily integrate with the new COA Solutions systems."

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