Joint solution brings big data, machine learning, and artificial intelligence to leapfrog high-volume finance departments and F&A shared services to the digital era
SANTA CLARA, Calif., Oct. 2, 2017 /PRNewswire/ — Emagia Corporation, a leading provider of data-driven finance solutions for Order-to-Cash Management, today announced a joint solution with Solix Technologies, Inc. to accelerate digital transformation for global finance departments and F&A shared services with Data-driven Finance.
Emagia’s Advanced Analytics suite, including order-to-cash analytics, is integrated with the Solix Common Data Platform (CDP). This solution delivers enterprise-class predictive and cognitive insights for proactive management of the order-to-cash cycle and shared services. Enterprises can take significant advantage of this advanced analytics suite to unleash data-driven operations, transforming finance departments for the digital world.
“Reimagining finance operations is made simple with Emagia and Solix Data-driven Finance,” said Veena Gundavelli, Founder & CEO, Emagia Corporation. “The Solix CDP manages the data in a single repository, which is ideal to modernize high volume finance operations and shared services.”
Designed to modernize finance operations — customer, cost, control, compliance, and cash flow — Solix Data-driven Finance enables modern data management with big data, delivers predictive insights with machine learning, and drives cognitive process automation with artificial intelligence to boost digital finance operations such as order-to cash, procure-to-pay, record-to-report, tax and audit, and treasury. The solution is built on two primary technologies:
- Emagia Finance Analytics Suite: An artificial intelligence and advanced analytics platform featuring pre-packaged descriptive, predictive, and prescriptive analytics applications to enable cognitive automation for finance operations.
- Solix Common Data Platform (CDP): A big data management platform for unifying structured and unstructured data from disparate sources in finance departments, featuring a modern data lake and data archive based on low cost, bulk storage Apache Hadoop.
According to the May 2016 Forrester report commissioned by SAP, Digital And Automation Enable Finance Operations Efficiency, “It is imperative for finance operations teams to share insights and be transparent to enable finance leaders to make the best decisions possible. But today, finance operations teams have a fragmented view of what is really happening within their business, hampering their performance improvement goals.”
“Eliminating data silos and modernizing financial data management is the foundation for digital finance transformation,” said John Ottman, Executive Chairman at Solix Technologies, Inc. “With Solix Data-driven Finance, CFOs and finance leaders can improve cash management and gain valuable insights to manage their operations and drive strategic growth.”
Solix Data-driven Finance solutions include:
- Enterprise Data Lake
- Enterprise Archiving and Application Retirement
- Emagia Analytics: Credit analytics, order analytics, billing analytics, receivables analytics, collections analytics, deductions analytics, cash application analytics, cash flow analytics, customer 360 degree analytics, DSO analytics
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 finance operations solutions. For over a decade, Emagia has been delivering highly innovative technology solutions to transform, automate and optimize order-to-cash processes for maximizing cash flow. Emagia Receivables Management Suite includes Credit Management, Collections Management, Deductions Management and Customer Financials Portal. Emagia Receivables Analytics solutions provide enterprise-class pre-packaged business intelligence dashboards, visualizations, analysis and forecasting capabilities for managing the order-to-cash cycle. Emagia has served as the primary technology platform for several credit and collections departments as well as for F&A shared service centers. Several companies across the world achieved significant and sustainable improvements to their DSOs, credit risk, cash flow and profitability with Emagia Solutions. For more information, please visit http://www.emagia.com/.