Evaluating your Current Process: Unit4 Financials by Coda Cloud Migration
Whether you have already migrated to the Cloud, are currently in flight, or are still in the planning stages, this blog post will share why a switch to SaaS provides the perfect window for process evaluation, along with a closer look at the areas to focus on…
Many users of Unit4 Financials by Coda have either migrated to SaaS already or are planning to do so in the very near future. But there’s more to SaaS than just the ‘same old’ product delivered in a different way. More widely and depending on the combination of licenses you opt for, moving to SaaS enables you to access features of the product that you may not have had previously.
With Unit4 Financials by Coda software as a service (SaaS) you get six main areas of the product:
- Financials
- Procurement
- Assets
- Billing
- Travel & Expenses
- Financial Planning & Analysis
Compared to on-premise deployments, SaaS can provide access to a wider pool of features and opportunities to elevate your processes and better meet the needs of your business. In order to know what features and functions are best suited for you, you have to know and take it back to the basics of what you are actually trying to get out of the system in the first place.
Review your current process
Have your requirements and use cases changed?
Some companies have been using Unit4 Financials by Coda for a very long time, because it’s a great system! Over time, however, customers have sometimes upgraded to the latest versions of Coda without necessarily reassessing their needs. New capabilities may have been made available, and users have passed over the opportunity to put them to work.
Do you have process debt?
“This is the way we’ve always done it, so why change now?”
You have the technical capabilities to optimise core processes. But despite this, inefficient, outdated or redundant workflows still remain firmly in place. The accumulation of this is known as process debt. Over time, this can significantly erode the operational effectiveness of your business.
Align your requirements with your business strategy
Looking closely at your strategic goals, you should assess what additional functionalities you require to help achieve them. It is then worth systematically reviewing the features and functionalities available through Unit4 Cloud. Are there features that we have overlooked that have potential strategic value? Are we failing to get the most out of functions we are using already?
Do today’s requirements match the system functionality
This goes bi-directional; you need to ask yourself that question and align your requirements to your system functionality to make sure you are getting the most out of it.
Identify the cost savings of using new features/functions
This allows you to make an informed decision as to whether you then want to apply changes and change your business process to tap into the enriched features and functions that you have and to start using the ecosystem fully.
Start using the ecosystem fully!
System evaluation is not about putting each and every software function to work just for the sake of it. And certainly, for a comprehensive and well-established solution such as Unit4 Financials by Coda, there are bound to be some features that simply are not relevant to your business.
Rather, it’s about making sure your usage is properly aligned with your needs. An external appraisal from someone who knows the solution inside out – and who can apply this knowledge directly to your processes – is one of the most effective ways to achieve this. A systems review helps ensure that these capabilities are identified and put to use.
Are you missing out on ‘easy wins’ to boost operational efficiency? The Millennium Consulting Systems Review equips you to extract maximum benefit from your existing Unit4 Financials by Coda investment.