Codence | Top 20 Corporate Finance Technology Company - 2019
Codence: Custom-Built Finance Applications for Real-Time Business Management
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CIOREVIEW >> Corporate Finance >> Codence

Codence has been recognized by CIOReview Magazine as the recipient of “Top 20 Corporate Finance Technology Companies - 2019,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Scott Love, CEO.

Codence
Custom-Built Finance Applications for Real-Time Business Management

Codence

Scott Love, CEO
In today’s world of software, organizations face a big gulf between appliance applications such as Microsoft office, email and individual tools on one side and massive enterprise-wide solutions on the other end of the spectrum. If you’ve outgrown Excel or Google Docs and need software to support a team, where do you go from there? Oftentimes, companies require solutions that must remain flexible, cost-effective, and relevant to the specific needs of a workgroup. This is where Codence comes into picture with their innovative hybrid of both custom software development services and suite of finance and accounting solutions. Their focus on innovative workgroup tools streamline business processes, facilitate efficient operations, and unlock business analytics in a robust, flexible, secure and affordable manner.

Colorado-based Codence combines their technical background with a great understanding of the business procedures and financial literacy through a remarkable team comprised of accounting, operations, and technology experts. With this best of both worlds approach, it allows Codence to both leverage existing solutions and craft custom-built components based on the right strategy for a given need. Codence helps businesses grow their bottom line through helping workgroups root out inefficient practices, unearth information stuck in data silos, free log-jammed documents buried in email in-boxes, and so on.

Codence crafts software on the workplace innovation platform FileMaker (a subsidiary of Apple), that allows problem-solvers to create unique tools for teams. “Our goal is to help our clients invent better ways of working, and to integrate their financial information with the rest of their business,” states Scott Love, CEO of Codence.

Codence stands out from its peers with the company’s robust and flexible flagship solution – the Genesis Financial Suite. A mature FileMaker-based accounting and analytics solution, Genesis breaks financial data out of its isolated silos, and integrates thoroughly with a company’s operations to generate meaningful data and promote well-informed decisions. “Our comprehensive Genesis Financial Suite combines the advantages of FileMaker’s customizability with time-tested accounting features, dashboards, common and interactive reporting,” explains Love.

Our comprehensive Genesis Financial Suite combines the advantages of FileMaker’s customizability with time-tested accounting features, dashboards, common and interactive reporting.


Genesis comprises functional tools that aggregate data both from integrated FileMaker databases and other technology sources into a centralized solution. With it, C-level executives can unlock key data insights to make sound business decisions.

When a client approaches Codence, as a first step, the company’s skilled team executes a need analysis, explores a team’s difficulties, inspirations, and requirements, and subsequently recommends an approach to solve the highest priority problems they face. One of the success stories to Codence’s credit includes deploying a production tool for an electronics manufacturer that builds components for high-end aircrafts and spacecraft. Codence built a custom iPad application that allowed assemblers to scan an order, review schematics, and update statuses as they build parts. Quality controls track components scrapped or returned to earlier stages of the process. The solution replaced analog clipboards and jobsheets, allowing real-time visibility into production status. With Genesis Accounting integrated as well, the company measures revenue, backlog, and cost metrics to the minute. Within weeks of implementation, the company has already seen a 23 percent increase in their manufacturing productivity and look forward to a dramatic growth in profit.

The year ahead looks promising for Codence as the team is developing a new targeted analytics solution that consolidates disparate marketing data. Upcoming plans include expanding into the analytics and BI space by specializing in technologies such as Tableau, recently acquired by Salesforce.

Top 20 Corporate Finance Technology Companies - 2019

Company
Codence

Headquarters
Boulder, CO

Management
Scott Love, CEO

Description
Codence provides the Genesis Financial Suite built on the innovative FileMaker platform, enabling out-of-the-box capabilities for transactions, accounting, and business intelligence with off-the-charts customizability. The company combines their technical background with a great understanding of the business procedures and financial literacy through a remarkable team comprised of accounting, operations, and technology experts. With this best of both worlds approach, it allows Codence to both leverage existing solutions and craft custom-built components based on the right strategy for a given need

Top 20 Corporate Finance Technology Companies - 2019

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