Agree to offer Emagia Cloud, a SaaS offering of Emagia Receivables Management Suite, running on the enterprise-class HP Public Cloud

SANTA CLARA, CA – March 19, 2014: Emagia Corporation, a leading provider of Enterprise Receivables Management Solutions today announced the integration of Emagia Cloud, a SaaS based enterprise receivables management suite on the HP Cloud.

This offering will enable small, medium and large enterprises to streamline their receivables processes with the leading Emagia Receivables Management Suite without having to deal with the complexity of IT, hardware and software management. Emagia Cloud is a secure, reliable and high-performance credit and collections platform. It is a fast track solution to improve process efficiencies, gain rapid financial improvements and gain faster ROI. Credit and collections teams, aiming to rapidly improve the DSO, cash flow and profitability of their organizations, will need just a browser to gain access to the Emagia Cloud.

Emagia Cloud is available immediately for customers on HP Cloud. This solution feature highlights are:

  • Emagia Cloud streamlines and standardizes the credit and collections processes with best practices collections strategies, intelligent task prioritization, workflow based dispute resolution, predictive collection and credit scoring engine, auto-decision for high-volume transactions, dunning letters, electronic invoice presentment and payment and many other features.
  • Emagia Cloud provides continuous and automatic updates to all features and functionality of Emagia Receivables Management Suite so the users can take advantage of latest best practices and technology upgrades to be best-in-class in their operations.

Cloud Computing is changing the way the world does business, and finance organizations are increasingly adopting cloud for faster results. This integration brings together two industry experts in their respective lines of business: Receivables Management Technology and Cloud Services.

“Emagia Cloud helps forward-looking finance departments that do not have capital budgets and IT resources to manage and administer credit and collections management systems. With Emagia Cloud, finance departments will gain the advantage of Emagia Receivables Management Suite as a fully managed service and at very low monthly costs,” said Ms. Veena Gundavelli, CEO of Emagia Corporation. “To ensure security and reliability on such sensitive financial data of our customers, it was important for us to choose a reliable trusted Cloud partner. With HP Cloud, our customers’ can embrace our receivables management software-as-a-service confidently.”

About Emagia

Emagia Corporation is a leading provider of Enterprise Order-to-Cash Management (OTC) solutions. For over a decade, Emagia has been delivering highly innovative and sophisticated technology solutions to transform, automate and optimize receivables, credit and collections processes for improved efficiency. Emagia Receivables Management Solutions have helped several companies across the world achieve significant and sustainable improvements to their DSO, cash flow and profitability. Emagia has served as the primary technology platform for several credit and collections department and F&A shared service centers. For additional information, visit www.emagia.com.

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