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Emagia Releases Version 2.0 of Collaborative Finance Suite

New Version Completes End-to-End Invoice-to-Cash Cycle, Offers Advanced Cash Forecasting Capabilities

SANTA CLARA, Calif. Oct 1, 2001 - Emagia Corporation, the cash flow management software company, today announces the release of Emagia Collaborative Finance Suite 2.0, the latest version of its industry-leading 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 financial service. With Emagia Collaborative Finance Suite 2.0, finance executives can now obtain real-time, accurate cash forecasts at the touch of a button. Emagia Collaborative Finance Suite 2.0 also adds electronic invoice presentment and payment (EIPP) technology within a customer care module that allows for complete web-enabled vendor/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 Corporation. "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:

• Industry-leading 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, VP and CIO 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."Emagia Collaborative Finance Suite 2.0 is available today through Emagia Corporation. For pricing and further information, call 866-EMAGIA-1.

About Emagia Collaborative Finance Suite

Emagia Collaborative Finance Suite provides invoice-to-cash management of the accounts receivables process. It is the only web-based product offering portfolio management, collections management, deductions management and online customer financial service. Collaborative Finance Suite streamlines day-to-day accounts receivables operations and enables connectivity and collaboration between sales departments, customer service departments and customers.

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About Emagia
Emagia Corporation is a privately held company that provides collaborative e-business software solutions that streamline and automate cash flow processes for medium-to-large enterprises. Founded in 1998, the company is headquartered in Santa Clara, Calif. Emagia's products integrate with SAP, Oracle, BaaN, PeopleSoft and other leading back-office financial systems and most legacy systems. Pre-built Emagia EAI kits are available for most ERP systems.

Contact Information
Media contact: Irwin Soonachan, Emagia Corporation, (408) 551-4903.
For general information, call 866-EMAGIA-1.

Emagia is a registered trademark of Emagia Corporation.