Greggs will implement Coda Financials software and Coda XL financial reporting, as it moves from a quarterly to a monthly reporting cycle.
As part of a three year modernisation plan, some 100 finance staff will use the software, accounting for the high street bakery chain’s 1,350 shops across the UK.
Greggs has paid £600,000 for the first year in a three year contract with supplier Coda.
The company is replacing its in-house financial software, and moving to a central model. The Coda Financial software will be installed in one location accessible by the 100 finance staff, which Greggs anticipates will be more efficient than the current setup of 10 regional installations of its in-house system.
Greggs said that as a result it would have a centralised company ledger with regional sales reporting, as well as detailed profitability reports from each individual store. It said it would also have quicker access to key information as the Coda systems integrated with its other software/
Lee Massingham, finance systems manager at the bakery, said: “We are ... confident that the chosen applications will support both our divisional structure and our requirement to provide increasingly timely, accurate information at a shop level.”
“The product will interface to our existing manufacturing and EPOS applications, helping us to further automate our accounting processes.”
A Coda XL reporting add-on will be used for asset accounting, billing, invoice matching and business intelligence, and Coda process control software will automate many of the processes involved in sharing information across the business, including expense accounting and spend management.
Greggs runs its PCs on Red Hat Linux, and recently extended its use of J2 electronic point of sale (EPOS) systems across its stores.