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Emagia Delivers Industry's First Comprehensive Financial Performance Solution to Boost Operational Efficiency and Deliver Intelligence on Cash Flow Processes

New Cash Flow Performance Management Suite 6.0 Provides Single Business Performance Management Platform

 

Santa Clara, Calif., January 16, 2006 – Emagia Corporation, the leading provider of Enterprise Cash Flow Management Solutions, announced today the industry’s first financial performance solution to provide CFOs with a comprehensive solution to bridge business performance management to cash flow processes. Now for the first time, CFOs of Global 2000 corporations can gain powerful real-time visibility into cash flows from operations, improve accuracy of cash flow forecasting and implement corporate strategy in daily execution of credit, receivables, payables and treasury functions.

The new Cash Flow Performance Management Suite 6.0 is an intelligent Business Performance Management Platform enabling Global 2000 companies to maximize free cash flow. As a result, CFOs reduce operational costs, mitigate credit risk, reduce Days Sales Outstanding (DSO) and bad debt write-offs, control Days Payables Outstanding (DPO) and optimize working capital.

 

 

“We are committed to providing Global 2000 companies with innovative solutions to maximize Enterprise Cash Flow Management. Emagia is the first to bring the combined power of business intelligence and process management applications to integrate global finance and treasury processes in ways that can drive operational efficiency on cash flow processes to unprecedented levels,” said Emagia CEO Veena Gundavelli.

 

 

Cash Flow Performance Management for Today’s Business Needs

 

According to the latest figures from the International Monetary Fund, growth rates for U.S. corporations in 2006 will be marginal and result in substantially lower profits. On top of every finance executive’s agenda is the unrelenting pressure to improve shareholder value in the face of these dynamics by reducing costs, improving finance operations and generating higher levels of Free Cash Flow.

 

 

The Cash Flow Performance Management Suite 6.0 offers powerful business intelligence dash boards and scorecards, sophisticated cash flow planning and forecasting, and strategy-driven process automation functions around order-to-cash and procure-to-pay, altogether integrated on a single business performance management platform. The solution is designed to drive excellence in working capital management and operations management on financial supply chain processes.

A powerful new application introduced as part of the Cash Flow Performance Management Suite is the Emagia Cash Flow Forecasting application. This innovative solution offers finance and treasury departments the ability to achieve the following:

 

• Global consolidation of receivables and payables
• Real-time rolling window forecasting with variable time periods
• Interfaces for divisional level receivables and payables departments
• Flexible cash flow modeling and simulations
• Predictive analytics, what-if scenarios and variance analysis around cash flow
• Performance management with score carding and dash board capabilities
• HTML based and Microsoft Excel-based user interface
• Improve SOX Section 404 compliance on cash flow processes.

 

“Cash flow from oper ations is an often untapped resource that can be a key competitive advantage in many industries,” added said Jack Pacheco, chief financial CFO officer at Smart Modular Technologies, a leading electronic components manufacturer. “Emagia Cash Flow Performance Management solution will allow us to gain comprehensive view of operational efficiencies along with accurate daily, weekly and monthly cash flow forecasts at corporate and divisional levels. Emagia solution is an integral part of our finance operations.”

 

 

Emagia’s solutions provide breakthrough results for cash flow performance management. It is a modular solution that offers four integrated applications that can also be deployed in a standalone manner including the Emagia Cash Inflow Manager, Emagia Cash Outflow Manager, Emagia, Cash Flow Forecasting and Emagia Cash Flow Performance Dashboard. These solutions fully integrate with leading financial applications such as SAP, Oracle, JD Edwards as well as leading Business Performance Management solutions. With strong internal controls to reduce process risks and process automation ensuring consistency, Emagia solutions also enable companies to improve SOX Section 404 compliance around cash flow processes. Additionally, the company offers a complimentary SOX Readiness Toolkit to help companies reduce the time and resource costs associated with ongoing compliance of cash flow management for Section 404 of Sarbanes-Oxley.

 

 

Emagia has spent more than seven years embedding best practices in cash flow management into its solution driven by its Global 2000 customer base which includes industry leaders such as Solectron, Syngenta, SUN Microsystems, Parker Hannifin and Textron.

 

 

“The nature of today’s enterprises is rapidly changing, with higher levels of complexity arising from growing international market segments, increase in mergers and acquisitions, and consolidation and outsourcing of finance functions,” said John Van Decker, senior vice president and principal research fellow with the Robert Frances Group, a leading IT analyst firm. “Companies at the forefront of their industries are realizing that effectively using specialized performance management technology as a supporting framework can help address these new challenges and improve financial performance. The ideal solution for optimizing global finance and treasury functions contains business intelligence combined with collaborative process automation to increase worldwide efficiencies.”

 

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About Emagia

Emagia Corporation is the leading provider of cash flow performance management solutions that streamline and automate working capital processes for Fortune 2000 enterprises. Emagia solutions include receivables, credit, collections, deductions, customer financials service, payables, cash forecasting and cash flow analytics. Emagia solutions allow companies to realize significant benefits including maximizing cash conversion efficiency, facilitating strong internal controls for financial reporting, mitigating credit risk, reducing DSO, bad debt write-offs, reducing operating costs on order-to-cash and procure-to-pay processes. World-class enterprises use Emagia solutions to strengthen and accelerate corporate initiatives around cash flow management, Six Sigma, shared services, and Sarbanes-Oxley compliance. Emagia products seamlessly integrate with SAP, Oracle, PeopleSoft, Baan, 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 in hosted on-demand model. Emagia’s customers include Global 2000 companies such as SUN Microsystems, Textron, Parker Hannifin, Solectron, Celestica, Autodesk and others.

 

For general information, call 866-EMAGIA-1 or visit www.emagia.com

Emagia and Emagia Cash Inflow Manager are registered trademarks of Emagia Corporation.