Back

Volt Chooses Emagia for Optimizing Cash Flow Performance

Leading Staffing Services Firm Selects Emagia Collaborative Finance Suite 3.2 to Optimize Cash Flow Management

SANTA CLARA, Calif. April 29, 2003 - Volt Information Sciences, a leading provider of Staffing Services and Telecommunications and Information Solutions for Fortune 100 companies, has selected Emagia Collaborative Finance Suite 3.2 to help optimize efficiency of its cash inflow as part of its Six Sigma process improvement initiative.

"The complexity of cash flow processes with our customers demands us to have a leading edge technology solution that can help our staff stay on the top of collections management," said Jerome Shaw, Executive Vice President of Volt Information Sciences, Inc. "We have evaluated a number of solutions from leading suppliers in the market and believe Emagia is the best choice for functionality and technology to help us achieve our goals."

The Emagia solution will be deployed over Volt's Enterprise Resource Planning financial system and rolled-out to the entire accounts receivables and credit/collections departments. Complex customer relationship mapping for portfolio management, coupled with robust collections strategy management, will allow Volt to increase collections efficiency.

We are very pleased to have Volt as our newest customer," said Veena Gundavelli, Chairperson and Chief Strategy Officer of Emagia Corporation. "Leading enterprises are managing billions of dollars of receivables portfolios using Emagia. Volt's selection of the Emagia Collaborative Finance Suite supports Emagia solution's strength to handle complex cash flow environments in the services industry."

Emagia's structured implementation methodology and its out-of-the-box Enterprise Application Integration (EAI) Kit for integration with the back-end PeopleSoft system shortens the implementation cycle rapidly for its customers. Emagia's turnkey implementation also helps minimize usage of its customers' IT staff, allowing them to focus on other key IT initiatives.

About the 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 financials service. Collaborative Finance Suite streamlines day-to-day accounts receivables operations and enables connectivity and collaboration between sales departments, customer service departments and customers.

---

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. Headquartered in Santa Clara, Calif., Emagia's products integrate with SAP, Oracle, BaaN, PeopleSoft, other leading back-office financial systems and most legacy systems.

---

About Volt Information Sciences, Inc.
Volt Information Sciences is a leading national provider of Staffing Services and Telecommunications and Information Solutions for its Fortune 100 customer base. Operating through a network of over 300 Volt Services Group branch offices, the Staffing Services segment fulfills IT and other technical, commercial and industrial placement requirements of its customers, on both a temporary and permanent basis. The Telecommunications and Information Solutions businesses provide complete telephone directory production and directory publishing; a full spectrum of telecommunications construction, installation and engineering services; and advanced information and operator services systems for telephone companies. For additional information, please visit the Volt Information Sciences, Inc., web site at www.volt.com.

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