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Software solutions provider Cedar Group plc and online IT people exchange Coconutstreet.com have
joined forces to offer the first comprehensive work-hour accounting and financial management system
on the market.

Coconutstreet’s Financial Controller, Paul Nichols, says the result of the business union is unique -
"The first integrated front end and back office web service of its kind."

And Cedar’s Marketing Manager Matt O’Donnell adds: "Coconutstreet needed a robust back office
work-hour and financial solution to integrate fully with their front office website. Our Cedar Agency
solution is designed specifically for this need, and provides a straight through processing capability
that ensures the needs of clients and contractors are managed effectively."

The solution allows full access to contract history on the website, including timesheet, invoice and
payment.

"No other IT contractor service can provide this," says O’Donnell.

Coconutstreet.com is a mould-breaking company in the IT contracting industry that offers an
end-to-end, 100 per cent electronic, online service.

Selecting Cedar, Coconutstreet CEO Stephen Higgins explained: "Following a search of the
marketplace we chose Cedar Agency as the only viable solution available. Their offering was very
relevant to us because we needed a package which would not only handle our own corporate
accounting, reporting and budgeting but which we could use for contractor timesheet entry, recording
and billing.

"By removing the middleman the recruitment process becomes faster and more efficient. Add this to
Cedar’s paperless back office and the user benefits from reduced commission and costs."

Higgins adds: "What we now have is a system that does the work for us 24 hours a day 7 days a
week."

He added: "And because it is web-enabled it fitted with our objective of straight-through web
processing. This delivers major benefits to both clients and contractors."


For further information contact Matt O’Donnell on tel: 01932 584 000 or e-mail: matt.odonnell@cedargroup.co.uk

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