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Story URL: http://www.silicon.com/financialservices/0,3800010322,39168164,00.htm

Mortgage lender banks on finance software
To support pan-European expansion

By Julian Goldsmith

Published: Thursday 16 August 2007

Irish mortgage lender OneLife has implemented an accounting system from CODA Group that will give executives a better view of costs.

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The implementation is part of the start-up phase of the company, which launched in January this year and is based in Dublin. It advises on and provides car loans, insurance and investment products and services, mortgages and personal loans.

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According to OneLife financial controller, Niall McKeown, the system will be instrumental as the company expands into the rest of Europe over the next few years because of its reporting facility which gives users instant access to detailed accounting data at any time.

He said: "This solution was built along different lines so that we can look at snapshots. Any user, at any time. They won't need to wait for an update at the end of the week. This level of control is good for us because we have a management that is very hands-on and very into every detail of the business."

OneLife has also purchased licences for CODA's XL reporting tool and its Assets module, and will run the CODA Financials on a Microsoft Windows server-based system with a Microsoft SQL Server database.