CODA survey shows 73 per cent of US companies do not have a business analytics solution; Follows CODA research on global companies outside the US where over 60 per cent cannot get financial information they need and 98 per cent still use spreadsheets; 95 per cent of US corporates rely on manual spreadsheets for complex financial analyses and lack real-time business information.

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M2 PRESSWIRE-1 October 2002-CODA: CODA survey shows 73 per cent of US companies do not have a business analytics solution; Follows CODA research on global companies outside the US where over 60 per cent cannot get financial information they need and 98 per cent still use spreadsheets; 95 per cent of US corporates rely on manual spreadsheets for complex financial analyses and lack real-time business information (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:10012002 CODA Group, a leading global provider of financial intelligence, accounting and procurement software and part of CODASciSys plc (AIM: CSY), has announced the results of its US business analytics survey of finance professionals in mid to large corporations.

The survey reveals that 73 per cent...