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Unit4 Financials by Coda Pros and Cons: Top 5 Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users value the single, central ledger for real-time financial management and enhanced account reconciliation. (1 mentions)
Users value the accurate real-time data from Unit4 Financials, enhancing account reconciliation and reducing errors. (1 mentions)
Users value the easy migration and responsive support when transitioning to the Cloud with Unit4 Financials. (1 mentions)
Users value the responsive support and easy migration of Unit4 Financials, enhancing their cloud experience. (1 mentions)
Users value the responsive customer support from Unit4 Financials' Cloud team during migration and deployment. (1 mentions)
Users express concerns about high fees, suggesting a need for more competitive pricing for long-term customers. (1 mentions)
Users find integration limitations challenging, especially when connecting non-standard third-party applications without extra customization. (1 mentions)
Users face integration limitations when connecting to non-standard applications, often requiring extra customization or middleware. (1 mentions)
Users experience poor customer support, noting long response times that hinder resolution of issues. (1 mentions)
Users struggle with poor documentation, making it difficult to navigate new and unfamiliar features effectively. (1 mentions)

5 Pros or Advantages of Unit4 Financials by Coda

5 Cons or Disadvantages of Unit4 Financials by Coda

Unit4 Financials by Coda Reviews (19)

Reviews

Unit4 Financials by Coda Reviews (19)

3.8
19 reviews
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AX
Aggie X.
Accounts Payable
Small-Business (50 or fewer emp.)
"Real-Time, Accurate Financials in One Ledger"
4.5/5
What do you like best about Unit4 Financials by Coda?

One of the best features is the ability to see real-time financial data from a single ledger, which ensures that balances are always accurate and up to date. This helps finance teams make quicker and better decisions. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Although the system is powerful, new users sometimes find it difficult to learn at the beginning, especially if they are not familiar with its structure and backend processes. Review collected by and hosted on G2.com.

Verified User in Media Production
AM
Verified User in Media Production
Enterprise (> 1000 emp.)
"Unit4 Financials Formerly knows as CODA"
4/5
What do you like best about Unit4 Financials by Coda?

Unit4 Financials by Coda uses a single, central ledger for all financial data. This keeps everything in real-time and always balanced, making it much easier to reconcile accounts, reducing errors, and giving you an accurate, up-to-date picture of your finances. Plus, it handles multiple currencies, companies, and languages without losing that single, reliable source of information. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Lack of documentation/guides for new features and those not previously used. Review collected by and hosted on G2.com.

Patrick W.
PW
Patrick W.
Chief Information Officer
Mid-Market (51-1000 emp.)
"Easy to migrate, deploy and support"
5/5
What do you like best about Unit4 Financials by Coda?

The SaaS platform is very easy to migrate and deploy from on-prem to Cloud. The support and services from the Cloud team is also very responsive. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Perhaps Unit 4 may be able to review the pricing model to reduce the fees for loyal customers who have been using CODA for the past 10 years. Review collected by and hosted on G2.com.

Sidharth V.
SV
Sidharth V.
Finance Analyst
Mid-Market (51-1000 emp.)
"Automation and Efficiency"
4/5
What do you like best about Unit4 Financials by Coda?

Multi-Currency and Multi-Language Support Ideal for global organizations with international operations Advanced Reporting Customizable dashboards for real-time insights and reporting can be tailored to organizational needs. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Integration Limitations While integration capabilities exist, connecting with non-standard third-party applications can be tricky without additional customization or middleware Support Delayed response Review collected by and hosted on G2.com.

Verified User in Furniture
AF
Verified User in Furniture
Mid-Market (51-1000 emp.)
"Unit4: Intuitive Internal Financials"
3.5/5
What do you like best about Unit4 Financials by Coda?

The application is relatively simple from installation to go live. Unit4 is robust in its capabilities for managing international financials, but you don't have to be a technical wizard to get valuable usage from the software. Unit4 also allows customizations, permitting the customer to build their application from the ground up tailored-made for their needs. Unit4 is a great product in terms of cost and functionality. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

What's odd is that the pros of Unit4 could also be considered some of its biggest cons. As I previously mentioned, Unit4 allows a great deal of customization and flexibility in terms of installation, and individual customer builds. This flexibility also poses a threat for new customers to get lost in the weeds and venture too deeply into product customization (leaving them vulnerable to process breaks with standard software updates). Review collected by and hosted on G2.com.

DH
Deborah H.
Financial Officer
Mid-Market (51-1000 emp.)
"Excellent Financial Solution for Businesses and their Entire Operations."
5/5
What do you like best about Unit4 Financials by Coda?

Unit4 Financials takes recording precisely, where ledgers, books of accounts, cash books, and others are efficiently addressed, and reporting get done smoothly. More so, Unit4 Financials has the financial projections, which helps in the entire process of the forecast, more so the demand and the profits. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Unit4 Financials requires outstanding knowledge regarding the entire operations of the tool, and unless an accountant or a financial specialist handles it, others might get discouraged. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management
UN
Verified User in Non-Profit Organization Management
Enterprise (> 1000 emp.)
"Relatively complex and not user friendly"
3/5
What do you like best about Unit4 Financials by Coda?

The direct to excel export feature is nice Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Menus and sub menus are hard to navigate. Options are sometimes nested under multiple click throughs. This cumbersome process causes more time used and wasted resources Review collected by and hosted on G2.com.

Chris E.
CE
Chris E.
Financial Systems Manager
Management Consulting
Enterprise (> 1000 emp.)
"Flexible. Robust. Scalable."
4.5/5
What do you like best about Unit4 Financials by Coda?

Unit4 Financials allows you to create highly-customized screens and portals that can be tailored to the needs of the various user groups that will be accessing the tool. Additionally, it comes out of the box with multiple methods to directly interrogate the database and post financial documents, eg. through Java API calls or direct links into Microsoft Excel. These capabilities allow you to rapidly develop custom interfaces for your customers. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

There can be significant setup required initially, but once you are over that major hurdle, creating additional masters is made much less tedious as existing companies and/or subsets of company masters can be copied and modified with ease. Review collected by and hosted on G2.com.

Simina C.
SC
Simina C.
Financial Application Support Analyst
Banking
Enterprise (> 1000 emp.)
"Good Performance Accounting & Finance Management Tool - powerful all around"
4/5
What do you like best about Unit4 Financials by Coda?

If you attend Unit4's Financial Administrator course you get a good understanding of different CODA modules and how to use it for all your company's needs (raising POs, posting documents, matching POs against invoices, setting up the company's financial structure, creating and running reports). I like the fact that once you gain an understanding around how the Masters, Selectors, Presenters, Reports work you can go and tailor everything according to your needs - you don't need developers support (unless you are after Bespoke functionality which is not part of Core CODA. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

It would be useful to have access to more business cases around how different CODA modules have been put at work by various companies. That would help in the initial process of setting up the Finance infrastructure in CODA and also get different views on how to improve your company's internal processes. Review collected by and hosted on G2.com.

Lefton, A.
LA
Lefton, A.
VP Finance Systems
Financial Services
Mid-Market (51-1000 emp.)
"Unit4 Financials Formerly CODA"
4.5/5
What do you like best about Unit4 Financials by Coda?

The system works and at the base core, meaning data access, table design and structure and software features makes it a great system to use. We have used it for 23 years and are still going strong with it. Review collected by and hosted on G2.com.

What do you dislike about Unit4 Financials by Coda?

Some features are not initially intuitive and needs training to use .. afterwards all is fine Review collected by and hosted on G2.com.