newsbytes@clarinet.com (01/18/90)
CENTRAL, HONGKONG, 1990, JAN 14 (NB) -- Leading Hongkong trading group Li & Fung Trading Company has opted for a new accounting software package called the Coda Integrated Accounting System from Australasia Computing Services (HK) Ltd. The deal covers software development, system implementation and system management services at a cost of more than $64,000. The software will be installed on nine IBM AS/400 minicomputers and will permit integration across different systems. It will allow resource sharing through Li & Fung's extensive personal computer network. Li & Fung chose the package for its ability to provide management control and efficient accounting in a business covering multinational trade and multiple companies. The system's ability to process in many currencies was a leading factor in the selection, together with a high standard of management reporting and the capability to consolidate the group's accounting activities. Coda-IAS is said to cope with a wide range of currency variables and enable users to immediately calculate precise trade positions on a transactional basis. (Norman Wingrove/19900117/Press Contact: Bill Kraitzer, Media Dynamics Ltd, + 852 838 889)