Santa Clara, CA October 9, 2001 Emagia Corp., a cash flow management software company, announced the release of Emagia Collaborative Finance Suite 2.0, the latest version of its cash-flow management software package.
Emagia Collaborative Finance Suite provides invoice-to-cash management of the accounts receivables process, featuring portfolio management, collections management, deductions management and online customer financials service. The Emagia Collaborative Finance Suite 2.0, allows finance executives to obtain real-time cash forecasts, and it adds electronic invoice presentment and payment (EIPP) technology within a customer care module for complete Web-enabled supplier/customer collaboration.
Emagia Collaborative Finance Suite 2.0 is a major step forward in receivables management software, says Veena Gundavelli, president and CEO of Emagia Corp. It fully utilizes the power of e-business technologies to give finance managers highly accurate cash forecasts and the ability to interact with customers 24/7. These are must-have features in a fast-paced global economy.
The new features of Emagia Collaborative Finance Suite 2.0 include:
· Cash forecasting capabilities that can generate detailed, real-time cash forecasts based on variables including payment history and promises to pay. Both long-term and short-term forecasts are instantly available.
· A Web-based customer-care module that presents electronic invoices and electronic statements. Customers can make payments via electronic funds transfer, make promises to pay or file a dispute online.
We chose Emagia for its robust functionality, leading-edge technologies and quick implementation that bring powerful automation to our accounts receivables department, says Ajay Birla, vice president and chief information officer of the Technology Solutions Business Unit of Solectron Corp., an Emagia customer and a leading designer and manufacturer of memory modules and cards and I/O products. Emagia's e-business software gives us a competitive advantage, and Collaborative Finance Suite 2.0 will significantly increase that advantage for Emagia's customers.