International Media Company Selects Group Financial Reporting System From UNIT4 OCRA

News provided by

Nov 15, 2010, 08:00 ET

SLIEDRECHT, The Netherlands, November 15, 2010 /PRNewswire/ -- UNIT4, the world's leading provider of ERP and financial management software for fast changing organizations, today announced Bonnier Group has selected OCRA from UNIT4 to replace an Oracle system as a more cost-effective solution to streamline its financial reporting and activity monitoring.

UNIT4 OCRA, a part of the UNIT4 Group, today announced that Bonnier has chosen the company as its new group financial reporting supplier. Bonnier is a privately owned Swedish media group with 175 companies and around 11,000 employees across 16 countries. Crucial to Bonnier was OCRA's user-friendly solution, an expanded system support and reduced dependence on consultants.

"With the implementation of OCRA, we look forward to a cost-effective, easy to use, powerful solution for our group reporting," says Asa Thunberg, Financial Manager at Bonnier. "The fact that OCRA is a web-based application which is capable of consolidating and reporting on the Bonnier Group's complex organisational structure is also important to Bonnier."

The purpose of changing to OCRA is to achieve greater efficiency, in particular around operation and system maintenance. The new system can also provide Bonnier with improved capabilities for analysis and monitoring, as well as greater transparency in operational and legal reporting. With the move to OCRA, Bonnier is also looking forward to better capabilities for analyzing data and running reports, something that has previously been requested within the Group.

"Bonnier's choice of OCRA confirms the simplicity and effectiveness of our product," says Alar Lange, CEO at UNIT4 OCRA AB. "We are very pleased that Bonnier has chosen OCRA and are looking forward to being a part of the company's global streamlining programme."

OCRA is a tool for group financial reporting, which handles consolidated financial statements, budgeting, forecasting and cash flow. The solution provides strong support for business and financial managers when such activities are to be streamlined.

Bonnier plans to begin the group reporting implementation project in early 2011.

Earlier this year, Bonnier Solutions selected UNIT4's Agresso ERP system. The group is set to replace more than 60 different accounting and payroll administration systems to increase cooperation and gain economies of scale through shared services.

About UNIT4

UNIT4 (http://www.unit4.com/) is a global business software and services company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)(TM). The Group incorporates a number of the world's leading change embracing software brands including Agresso Business World and CODA financial management software.

Agresso Business World ( http://www.unit4.com/products/agresso-business-world) is our flagship ERP suite for mid-sized services intensive organizations. It is widely acknowledged for delivering ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year. This is achieved thanks to its powerful VITA(TM) architecture which is unmatched in the ERP world.

CODA Financials (http://www.unit4.com/products/coda) is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA's LINK(TM) architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast-changing and mixed application environments. It is a global accounting solution for mid-to large sized organizations, offering a "no compromise" approach to financial modeling, process control and application choice. UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 17 European countries, as well as 7 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of EUR379.4 million was realized in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 4,160 employees.

UNIT4 is listed on Euronext Amsterdam by NYSE Euronext and is included in the Amsterdam Midcap Index (AMX). For more information on UNIT4 or any of its operating companies, please visit the website at http://www.unit4.com.

    For more information, please visit: http://www.unit4.com, or contact:

    Emma Hoyle
    Group PR Manager
    UNIT4
    +44-1423-537-977
    [email protected]

SOURCE UNIT4