Top 10 Award for its Intelligent Document Processing for Finance and Treasury

Emagia’s Gia Docs AI-powered Document Processing solution wins “10 Most Promising Document Management System Providers 2022” recognition from CIOReview Magazine

Santa Clara, CA – February 17, 2022: Emagia, a leading provider of AI-powered Order-to-Cash solutions, is pleased to announce that Gia Docs, its Intelligent Document Processing Solution (IDP) for Global Finance and Treasury, has been awarded by CIOReview Magazine’s prominent listing of `10 Most Promising Document Management System Providers 2022.’

Gia Docs AI is a cloud solution for modern global finance and treasury teams to automate document data extraction and data entry into their financial systems. Gia Docs AI has human-like cognitive skills to read, learn, understand, and extract data from finance documents related to the accounts receivable, accounts payable, and treasury services. These documents can come in various formats, in multiple languages, date and currency formats and may have complex table and spreadsheet data embedded in them.

Manual or RPA-based extraction is very costly and cumbersome. Gia Docs AI provides a simple, easy and cost-effective solution to process hundreds of complex financial documents in minutes and with confidence.

Global financial shared services from Unisys, ConvaTec and others are experiencing over 90%of straight-through finance document processing in over 50 countries with confidence.

Key highlights of the solution include:

Fully-managed secure cloud solution with simple sign on and with pay-as-you-use model
AI assistant Gia for quick data extraction queries with chat and voice conversations
Extracts data from unstructured documents like lockbox images, cheque images, remittance advices, invoices, proof-of-delivery, claim documents from retailers, bank statements
Extracts data from semi-structured electronic bank feed files in MT940, BAI2, CAMT.053, EDI and other formats
Extracts data from email inboxes – email body, attachments, spreadsheets
Workbench for accounting personnel to review and correct extraction entries
API integrations for automatic data entry into SAP, Oracle, NetSuite, Workday, SalesForce, PeopleSoft, Sage, Epicor, Infor, MS Dynamics and others
Stores and archives documents in SolixECS, leading content storage systems
Now available in over 15 languages including English, Spanish, French, German and others

“We are glad to announce Emagia’s Gia Docs as one of the 10 Most Promising Document Management System Providers 2022. Gia Docs AI, a self-learning cognitive document reading digital assistant solution, has the capability to eliminate manual data extraction from financial documents,” said Justin Smith, Managing Editor of CIOReview Magazine.

“Finance document processing has always been the bottleneck for speed, scalability and agility of companies globally, impacting cost and time to working capital and financial close. With Gia Docs, businesses can use autonomous self-learning AI to experience exponential efficiency and scale in processing complex finance documents in a very simple and affordable way. Cost impact is now the key driver for Gia Docs adoption as enterprises seek to improve operational efficiency and productivity in their finance organizations,” said Veena Gundavelli, Founder & CEO of Emagia.

GiaDoc AI is available for free sign-up at https://www.emagia.com/products/gia-docs/

The recognition adds to a string of awards and accolades received by the company in the past, including Top 20 Accounts Receivable Solution Providers 2020, Leader in IDC’s MarketScape for Enterprise Accounts Receivable Automation Applications, Top 10 Fintech Solution Providers by CFO,… to name a few. Many leading analyst firms, including Gartner, Forrester, and IDC, have recognized Emagia as the leader in the Enterprise Accounts Receivables Automation space.

ABOUT CIO REVIEW MAGAZINE

CIOReview is a magazine that talks about enterprise solutions redefining the business goals of enterprises tomorrow. The annual list of companies is selected by a panel of experts and members of CIOReview Magazine’s editorial board to recognize and promote technology entrepreneurship.

ABOUT EMAGIA

Emagia is a leading provider of AI-powered Digital Order-to-Cash Management (OTC) Platform focused on bringing world-class digital performance in credit, invoicing and payments, accounts receivables, collections, deductions, cash application and cash forecasting for global businesses. For over a decade, Emagia has delivered highly innovative and award-winning SaaS-based order-to-cash automation solutions for global finance, F&A shared services and BPO organizations.