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Erickson Launches Risk Management Program with CODA

Published: May 2, 2007

Erickson will use CODA-Control Architect to voluntarily comply with Sarbanes-Oxley requirements and CODA-Control Manager to automate the workflow of Medicare and other health services compliance audits.

CODA Financials, recently announced a contract with Erickson Retirement Communities for its CODA-Control software suite, designed to support enterprise financial and regulatory compliance initiatives.

As part of Erickson Retirement Communities’ Enterprise Compliance Initiative, the company purchased the CODA-Control compliance suite at the end of 2006. The first applications by Erickson of CODA’s products are targeted to go live in mid-April 2007

Erickson, which is a national builder and manager of retirement communities, will use CODA-Control Architect to voluntarily comply with Sarbanes-Oxley requirements and CODA-Control Manager to automate the workflow of Medicare and other health services compliance audits. CODA-Control Assessor will be used by Erickson to manage project workflow and testing activities related to Sarbanes-Oxley, the internal audit function, HIPAA Compliance and potentially other business processes. 

“Erickson is a not-for-profit (NFP) organization that develops and manages retirement communities throughout the US, said Steve Pugh, CEO of CODA Financial. “It is a growth-oriented, privately held company that is considered an industry leader. The success of this project demonstrates the suitability of the CODA products for meeting the needs of NFP organizations working in the community management and healthcare market, as well as commercial organizations of varying sizes and in a range of markets.”