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Atofina Chemicals Chooses Emagia To Improve Cash Flow

Multinational Chemicals Company Selects Emagia For Cash Inflow Management Solution

SANTA CLARA, Calif. July 29, 2002 - Emagia Corporation, the enterprise cash flow management software company, today announces that Atofina Chemicals, Inc., the $1.4 billion U.S. chemicals branch of the TotalFinaElf group, will use Emagia Collaborative Finance Suite to manage its cash inflow from receivables.

Atofina Chemicals chose Collaborative Finance Suite for its robust functionality around automating and streamlining the invoice-to-cash cycle. The web-based solution will be used to manage accounts receivables and will give Atofina Chemicals finance executives cash flow decision support intelligence.

"Realizing cash from receivables is one of the top priorities in most companies in this economy," says Jim Kane, Atofina Chemicals assistant controller. "With Emagia's Collaborative Finance Suite, we believe we'll gain better visibility into our AR portfolio and greater efficiency in our cash inflow. We are pleased to deploy this best-of-breed application for our department."

Collaborative Finance Suite will integrate with SAP, Atofina Chemicals' financial system. With Collaborative Finance Suite, Atofina Chemicals' finance management personnel will be able to quickly identify cash flow bottlenecks and set priorities for finance and collections staff. Collections staff will be able to increase their efficiency with automated task lists, guided collections processes and electronic invoice presentment. Atofina Chemicals aims to reduce DSO and increase collections efficiency using the Emagia solution.

"We're very pleased to add Atofina Chemicals as a customer," says Veena Gundavelli, Emagia president and CEO. "Signing Atofina Chemicals again proves that Emagia's cash flow management software has leading functionality and takes back seat to no one in this solutions space."

Emagia Collaborative Finance Suite 2.3 is available today through Emagia Corporation. For more information, call 866-EMAGIA-1 or visit www.emagia.com

About Emagia Collaborative Finance Suite
Emagia Collaborative Finance Suite provides enterprise cash flow management around receivables, payables and other areas to optimize working capital. Emagia Collaborative Finance Suite 2.3 offers complete invoice-to-cash management of accounts receivables. It is the only web-based product offering receivables portfolio management, collections management, deductions management and online customer financials service. Collaborative Finance Suite 2.3 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 leading provider of collaborative e-business software solutions that streamline and automate cash flow processes for medium-to-large enterprises. Headquartered in Santa Clara, Calif., Emagia's products integrate with leading back-office ERP financial systems and most legacy systems. Pre-built Emagia EAI kits are available for most ERP systems.

About Atofina Chemicals
Headquartered in Philadelphia, Atofina Chemicals, Inc. employs 3,000 people and produces high-performance chemicals and polymers. The company reported sales in 2001 of $1.4 billion. Atofina Chemicals is part of Atofina, world's sixth-largest chemical company with 72,000 employees and sales in 2001 of $17.5 billion. Atofina is the chemical branch of TotalFinaElf (NYSE: TOT), the world's fourth-largest oil and Gas Company with 123,000 employees and sales in 2001 of $94 billion. For more information, visit www.AtofinaChemicals.com

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