Developing a Seamless MTD Solution for Unit4 Financials by Coda
When we embarked on creating our Making Tax Digital (MTD) solution, our goal was to build a product that integrates seamlessly with Unit4 Financials by Coda. In this post, Chris Peall, Director of Professional Services at Millennium Consulting, shares the vision behind the software development.
Over the years, many of our customers have expressed the need for an MTD-compliant solution, as Unit4 Financials by Coda doesn’t have a built-in option. While several third-party solutions exist, we were committed to developing one tailored for Unit4 Financials by Coda, rather than trying to make an existing solution fit. We aimed to provide a true plug-and-play experience, requiring minimal configuration so that customers could achieve MTD compliance swiftly and efficiently.
Longevity is key as HMRC requirements will change and customers need a platform that can adapt easily with the minimum disruption possible. Our HMRC recognised product does just that.
By focusing on this niche, we’ve designed a product that fits perfectly within the Unit4 Financials ecosystem and simplifies the transition to digital tax reporting for finance teams.
Our three key objectives:
Simple
A key priority for us was creating a product that was simple and easy to use. Making Tax Digital (MTD) doesn’t have to be complicated. We aimed to develop an intuitive and user-friendly tool, enabling finance teams to comply with MTD requirements without hassle.
Secure
We live in a world with an increased threat to our cyber and technical estate; our Principal Information Security Consultant was involved in every step to ensure that MVAT meets the highest security standards, both now and in the future. Handling sensitive financial data requires a robust security framework, and we’ve ensured that MVAT locks down data effectively while maintaining its ease of use.
Seamless
Our solution seamlessly takes data from Unit4 Financials by Coda and passes it to HMRC. We know validation and approval are critical steps, so we’ve ensured the process integrates smoothly. Our goal was to create a solution that feels like a natural extension of the Unit4 Financials by Coda platform, allowing users to manage tax submissions with minimal disruption to their existing workflows.
Watch this demo of MVAT: Millennium’s Making Tax Digital software
