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Network Associates Chooses Emagia Software For Cash Flow Management

Network Security and Availability Giant To Deploy Emagia Collaborative Finance Suite

SANTA CLARA, Calif., Oct. 30, 2002 - Emagia Corporation, the enterprise cash flow management solutions company, today announced that Network Associates, Inc., the leading provider of network security and availability technology, has selected Emagia Collaborative Finance Suite to improve its business performance management in accounts receivables.

Network Associates will use Emagia Collaborative Finance Suite to convert manual, spreadsheet-based processes to modern e-business processes. Network Associates also aims to gain real-time visibility into its cash flow to optimize cash conversion cycles and improve profitability.

"The speed at which business is conducted is constantly increasing, and Emagia's Collaborative Finance Suite gives our finance department the tools to adapt," said Maeve Richard, vice president and treasurer at Network Associates. "Realizing cash from receivables is an important way to increase cash flow, and Emagia Collaborative Finance Suite can help us do that."

Network Associates will integrate Collaborative Finance Suite with SAP, its current ERP system, using Emagia's pre-built adapters.

"We are pleased that Network Associates, a leading-edge security software company, has recognized the value of Emagia's cash flow management solutions," said Veena Gundavelli, president and CEO of Emagia. "In an era of increased demands on financial performance and a laser focus on accurate financial data, Emagia offers important tools for CFOs and finance departments."

About Emagia Collaborative Finance Suite
Emagia Collaborative Finance Suite optimizes working capital for medium-to-large enterprises. Emagia Collaborative Finance Suite 2.3 includes 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 has pre-built integration kits to leading ERP packages such as Oracle Applications, SAP, BaaN, PeopleSoft and others.

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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., the company focuses on optimizing working capital for its customers through enterprise cash flow management.

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.