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Emagia Announces that Vivendi Universal Games Selects the Company’s Software to Elevate Cash Flow and Revenue Management Processes
Leading digital entertainment developer chooses to proactively manage chargebacks from retailers and trim revenue leakages with cash flow management platform
Santa Clara, Calif. March 30, 2005 - Emagia, the leading provider of Enterprise Cash Flow Management solutions, announced today that Vivendi Universal Games (VU Games), a global developer, publisher and distributor of multi-platform interactive entertainment, has selected Emagia Cash Inflow Manager version 5.0 to streamline receivables and revenue management across its operations.
Chargebacks and deductions stemming from short payments by retailers due to pricing, trade promotions and vendor compliance issues can amount to a significant drain in profitability and higher operational expenses for consumer products companies. Having global visibility into receivables along with specialized chargebacks management tools and processes is critical to improving financial performance for these companies.
“Emagia’s software offers VU Games the ability to proactively manage receivables and chargebacks and to recover revenues deducted from payments by the big box retailers,” said John Ewing, Director of Credit, VU Games.
“Managing revenues and working capital requires a collaborative approach between suppliers and customers,” added Veena Gundavelli, chief executive officer at Emagia. “Many consumer products companies such as Vivendi Universal Games are realizing that workflow-based process automation and business intelligence embedded in the Emagia solution can quickly help accelerate cash inflow onto the balance sheet and boost the bottom line.”
Emagia’s solution helps many Fortune 2000 companies such as Solectron, Textron, Celestica, Xilinx, Autodesk, and Leiner Health Products to elevate cash flow operations, optimize working capital, and improve profitability. Emagia also offers out-of-the-box chargebacks management capabilities for suppliers to major retailers along with built-in internal controls for Sarbanes-Oxley compliance around cash flow processes.
About Emagia
Emagia Corporation is the leading provider of cash flow management solutions that streamline and automate cash flow processes for Fortune 2000 enterprises. Emagia solutions allow companies to realize significant benefits including maximizing cash conversion efficiency, facilitating strong internal controls for financial reporting and improved returns from cash flow management. World- class enterprises use Emagia solutions to strengthen and accelerate corporate initiatives around cash flow management, Six Sigma, shared services, and Sarbanes-Oxley compliance. Headquartered in Santa Clara, CA, Emagia products seamlessly integrate with SAP, Oracle, PeopleSoft, JD Edwards, Geac, BPCS, QAD/MfgPro and other back-office financial systems. Emagia software solutions can be deployed using standard enterprise license models as well as its unique hosted offering.
For general information, call 866-EMAGIA-1 or visit www.emagia.com
Contact Information
Lou Mohanty, (408) 492-8886 or pr@emagia.com
Emagia is a registered trademark of Emagia Corporation.