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ABC-Amega and Emagia Announce Business Alliance to Deliver Integrated Receivables Management Solutions to Global Markets
Joint offering of world-class cash flow management services and technology solutions to drive superior financial performance for Global 2000 companies
Santa Clara, Calif. April 18, 2005 - Emagia, the leading provider of Enterprise Cash Flow Management solutions, and ABC-Amega, a respected receivable management firm and leading outsourcing services provider, today announced a joint alliance to provide comprehensive receivables services and technology to Global 2000 companies. This alliance offers a full range of receivables management services along with a specialized technology platform for collections, deductions and A/R portfolio management. The joint offering will be targeted to multinational corporations in the United States, along with global markets including Europe and Asia.
“ABC-Amega has a long and successful history in the receivable management industry, delivering significant advantage to leading companies with our broad suite of services,” said David Herer, ABC-Amega’s chief executive officer. “Our partnership with Emagia is in keeping with our commitment to continually provide best-in-class solutions to the global market we serve.”
A Comprehensive Solution for Receivables Management
The joint offering includes the following integrated services and technology for receivables management:
Services
• Comprehensive, multilingual first party collections outsourcing
• Claims and dispute resolution geared toward reducing DSO and increasing cash flow
• Litigation and arbitration by experts with years of international experience
• Third party commercial collections in more than 200 countries
Technology
• Global receivables performance management platform with support for multi-language, multi-currency and regional capabilities
• Strategy driven collections automation and performance analytics
• Workflow enabled dispute resolution and deductions management
• Real-time cash forecasting engine with rolling time periods
• Complete archiving and audit trail for Sarbanes-Oxley compliance
“Emagia’s strategy is to continue delivering best-of-breed software for cash flow management that significantly elevates financial performance for Global 2000 companies,” added Veena Gundavelli, chief executive officer at Emagia. “Partnering with ABC-Amega creates a mutual opportunity for both firms to present these companies with the ability to quickly improve receivables performance at lower operational cost. The alliance will also further extend our reach into global markets.”
Emagia maintains a very active alliance program with leading cash flow management outsourcing companies, working capital management consulting firms and complementary technology providers. To learn more, visit www.emagia.com/alliances or e-mail alliances@emagia.com.
About ABC-Amega Inc.
ABC-Amega, Inc., a 75-year expert in receivable management, has a proven track record helping commercial creditors effectively manage their receivables. The company’s flexible, cost-effective approach provides clients with services that help them improve results and gain better control of their receivable process. ABC-Amega is one of the few US-based receivable management firms specializing in international debt collection. The company has offices in the U.S., Switzerland, South Korea, and China. It provides services in more than 200 countries and every U.S. trading partner. ABC-Amega is the first and only private receivable management company honored with both the "E" and "E Star" Awards for export service from the President of the United States.
For further information on ABC-Amega Inc., phone 1-716-878-2850 or email info@abc-amega.com
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.
