SANTA CLARA, California, October 2, 2017 / PRNewswire / – Emagia Company, a leading provider of data-driven financial solutions for order-to-treasury management, today announced a joint solution with Solix Technologies, Inc. to accelerate the digital transformation of global financial services and shared M&A services with Data-driven Finance.
Emagia’s Advanced Analytics Suite, including order-to-cash analysis, is integrated with Solix’s Common Data Platform (CDP). This solution provides enterprise-class predictive and cognitive insights for proactive management of the order-to-cash cycle and shared services. Businesses can leverage this suite of advanced analytics to trigger data-driven transactions, transforming financial services for the digital world.
âRethinking financial operations is simplified with Emagia and Solix Data-driven Finance,â said Veena Gundavelli, Founder and CEO, Emagia Corporation. “The Solix CDP manages data in a single repository, which is ideal for modernizing high-volume financial operations and shared services.”
Designed to modernize financial operations – customer, costs, control, compliance and cash flow – Solix Data-driven Finance enables modern data management with big data, provides predictive insights with machine learning and drives the automation of cognitive processes with artificial intelligence to drive digital finance operations such as order-to-cash, procure-to-pay, record-to-report, tax and audit, and treasury. The solution is based on two main technologies:
- Emagia Financial Analysis Suite: An artificial intelligence and advanced analytics platform comprising prepackaged descriptive, predictive and prescriptive analytics applications to enable cognitive automation of financial transactions.
- Solix Common Data Platform (CDP): A big data management platform to unify structured and unstructured data from disparate sources in financial services, with a modern data lake and data archives based on low cost Apache Hadoop mass storage.
According to May 2016 Forrester report commissioned by SAP, Digital and automation enable efficient financial operations, âIt is imperative that finance operations teams share knowledge and be transparent to enable finance managers to make the best possible decisions. But today, financial operations teams have a fragmented view of what is really going on within their business, hampering their performance improvement goals. . “
âEliminating data silos and modernizing financial data management is the foundation of digital finance transformation,â said John ottman, Executive Chairman of Solix Technologies, Inc. “With Solix Data-driven Finance, CFOs and CFOs can improve cash management and gain valuable insights to run their operations and drive their strategic growth.”
Solix’s data-driven financing solutions include:
- Enterprise data lake
- Enterprise archiving and removal of applications
- Emagia Analytics: Credit Analysis, Order Analysis, Billing Analysis, Receivables Analysis, Collections Analysis, Deduction Analysis, Cash Application Analysis, Cash Flow Analysis, 360 Degree Customer Analysis, DSO Analysis
To learn more about Emagia Finance Analytics, Click here.
To learn more about Solix Data-driven Finance, Click here.
To learn more about the Solix common data platform, Click here.
About Emagia Corporation
Emagia Corporation is a leading provider of data-driven financial operations solutions. For more than a decade, Emagia has offered highly innovative technological solutions to transform, automate and optimize order-to-cash processes to maximize cash flow. Emagia Accounts Receivable Management Suite understand Credit management, Collections management, Management of deductions and the financial customer portal. Emagia Receivables Analytics solutions provide prepackaged business intelligence dashboards, visualizations, analysis and forecasts to manage business intelligence from order to collection cycle. Emagia served as the main technology platform for several credit and collection departments as well as for the M&A shared service centers. Several companies around the world have achieved significant and lasting improvements in their DSOs, credit risk, cash flow and profitability with Emagia Solutions. For more information, please visit http://www.emagia.com/.
SOURCE Emagia Corporation