For more than 80 years, Greater Boston leading retailer Jordan’s Furniture has prided itself on providing not “just a store, it’s an experience.” At the root of that vision is a deep commitment to innovation, both in the way the company treats employees, partners and customers and in the way it operates. We’re pleased to announce that Jordan’s Furniture’s latest move for an innovative financial management system led to selecting Coda Financials.
Over 20 years ago, Jordan’s purchased an ERP system that has grown with their merchandising, inventory and other operational needs. But when the time came time to modernize the budgeting module, Jordan’s Furniture ultimately decided to select Coda Financials as its best-of-class financial management solution that had the right ingredients to spur innovation well into the future.
“We have a great IT department that has been able to customize our ERP system over the years as we have grown,” said Steve Wholley, VP of Finance at Jordan’s Furniture. “But the financial module was no longer keeping up, and the temporary fixes had reached a point where they were expensive to maintain. While we initially thought we’d replace just the budgeting and planning module, it became clear through the RFP process that a best-of-class solution that co-exists well with our current system was the way to go.”
Jordan’s Furniture evaluated several financial solutions on the market, including those from ERP vendors. With five high-volume stores across Massachusetts, New Hampshire and Rhode Island, management wanted to have real-time tracking and reporting capabilities across all locations, with the ability to drill down to a very granular level by multiple variables. The single ledger and flexible chart of accounts that Coda Financials offers will enable management to perform more accurate and detailed analysis than other solutions it examined.
“Ultimately, the budget and planning modules of Coda Financials, coupled with its ease of integration and deep functionality won the day,” continued Wholley. “As an added bonus, the UNIT4 CODA team has been very easy to work with, and this bodes well for our partnership well into the future.”
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