Bakery chain Greggs has signed a contract worth around £600,000 with supplier Coda for a new finance system to link EPOS in its shops with its centralised bakeries.

100 users will move from a legacy in-house developed software. The package is based on a centralised shared service accounting model and includes asset accounting, billing and invoice matching.

The new platform will move the firm from a quarterly to monthly reporting cycle.

“We are confident that the new applications will support both our divisional structure and our requirement to provide increasingly timely, accurate information at a shop level,” said Greggs’ finance systems manager Lee Massingham.

“The product will interface to our existing manufacturing and EPOS applications, helping us to further automate our accounting processes,” he said.