Emagia Review
What is Emagia?
Emagia is a portfolio of financial management software products that innovate the order-to-cash processes of financial firms, credit and collections teams, and shared service providers worldwide. Emagia unifies finance transactions, information, and documents from multiple disparate sources in a single platform and applies AI-driven workflow automation and data analytics capabilities. It helps users save time and money and improve performance in managing accounts receivables, collections, credit applications, and financial claims and issues.
Emagia allows you to access and analyze customers’ financial data in real-time and implement better decisions and strategies to enhance cash flow performance. You can run automated tasks for processing and approving credit requests based on your own business rules, handle large volumes of payments quickly through smart matching, understand the root causes of credit and collection-related problems, and make accurate forecasts of cash flows at different levels. Emagia also offers a data capture tool that instantly and intelligently extracts, structures, and transmits financial data from various documents.
Show MoreOverview of Emagia Benefits
Efficient Order-to-Cash Operations
Emagia drives business efficiency by automating the order-to-cash finance operations of organizations, shared service centers, treasury, credit, and collections departments. For example, it allows you to collect large volumes of customer’ payment data from multiple sources, including EDIs, bank systems, lockboxes, and remittance documents.
Emagia matches the data between the incoming payments and open accounts receivables and generates digital receipts. It processes receipts with fully-matched data right away for posting and recording. In contrast, those receipts containing partially-matched or unmatched data are set aside to be evaluated and resolved later. You can also determine the exact causes of payment discrepancies and get recommendations for solving them.
Reduced Risks
The financial management solution suite aids you in recognizing, evaluating, and handling risks that might affect your firm or team’s cash flow performance. Emagia presents all the financial data you and your staff need in a unified platform. This includes customers’ accounts, credit risk profiles, and payment patterns. You can prepare color-coded task lists for following up with customers who deviated from their usual payment trends or didn’t pay on the dates they promised.
Emagia enables you to implement streamlined resolution processes in handling credit issues, payment deductions, and financial disputes. It supports the automatic generation of reason codes, assignment of issues to the right departments and personnel, and delivery of email-based reminders, alerts, and warnings. Moreover, you can instantly assess customers’ credit applications through customizable scorecards, third-party credit information, and credit risk analysis.
Comprehensive Business Intelligence
Emagia provides robust and advanced reporting capabilities that easily and dynamically monitor how well your business performs in receivables, collections, credits, deductions, and cash flow management. You can gather data from integrated financial and ERP systems and transform it into actionable insights using dashboards and visualizations.
You’ll be able to accurately predict cash flows by integrating and analyzing past, present, and future data on receivables and collections. Emagia, furthermore, lets you explore data, financial forecasts, and trends at different levels and dimensions, such as business units, divisions, portfolios, customer locations and companies, transactions, accounting periods, and personnel.
Show MoreOverview of Emagia Features
- Unified Financial Solution
- AR Management
- Payment Patterns
- Collections Automation
- Credit Request Management
- Cash Applications
- Automated Workflows
- Matching & Recommendations
- Cash Flow Forecasts
- Disputes & Deductions
- Self-Service Portal
- Business Intelligence
- Data Capture
- ERP & Financial System Integrations
Awards & Quality Certificates
Emagia Position In Our Categories
Since businesses have their own business-related demands, it is rational they avoid buying an all-encompassing, ideal business application. Be that as it may, it would be difficult to come across such a software solution even among recognizable software systems. The sensible step to undertake would be to note down the various chief factors which require scrutiny including critical features, price plans, technical skill ability of staff members, company size, etc. Thereafter, you should conduct your research to a full extent. Have a look at some of these Emagia review articles and check out the other applications in your list more closely. Such comprehensive product research ascertains you take out mismatched software solutions and buy the system which provides all the aspects your business requires.
Position of Emagia in our main categories:
There are well-liked and widely used systems in each software category. But are they necessarily the best fit for your enterprise’s unique wants? A popular software application may have thousands of users, but does it offer what you need? For this reason, do not blindly spend on popular systems. Read at least a few Emagia Accounts Receivable Software reviews and think about the factors that you desire in the software such as the cost, main functionality, available integrations etc. Then, choose a few apps that fit your requirements. Try out the free trials of these products, read online reviews, get explanations from the seller, and do your homework systematically. This exhaustive research is certain to aid you choose the most excellent software application for your company’s specific requirements.
How Much Does Emagia Cost?
Emagia Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are Emagia pricing details?
Emagia Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
Emagia’s SME and enterprise pricing information is available only on request.
User Satisfaction
Positive Social Media Mentions
33
Negative Social Media Mentions
0
We realize that when you make a decision to purchase a Accounts Receivable Software it’s crucial not only to find out how experts evaluate it in their reviews, but also to check whether the actual users and businesses that purchased it are indeed content with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Emagia reviews across a wide array of social media sites. The data is then displayed in an easy to digest way revealing how many clients had positive and negative experience with Emagia. With that information at your disposal you should be prepared to make an informed buying choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Linux
- Mac
- Web-based
Deployment
- Cloud Hosted
- On Premise
- Open API
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Emagia?
Emagia integrates with the following applications:
- Oracle
- SAP
- PeopleSoft
- Sage
- Netsuite
- Microsoft Dynamics
- Salesforce
- JD Edwards
- QAD
- Infor
- BaaN
- Experian
- Dun & Bradstreet
- Anscers
- Creditsafe
- Equifax
- CreditRiskMonitor
- Ansonia
Emagia
is waiting for
your first review.
Write your own review of this product
ADD A REVIEWMore reviews from 0 actual users:
Join a community of 7,369 SaaS experts
Thank you for the time you take to leave a quick review of this software. Our community and review base is constantly developing because of experts like you, who are willing to share their experience and knowledge with others to help them make more informed buying decisions.
Sign in with LinkedIn
Why we require LinkedIn?
- Show the community that you're an actual user.
- We will only show your name and profile image in your review.
- You can still post your review anonymously.
OR
Sign in with company emailSign in with company email
Popular Emagia Alternatives
Top Competitors To Emagia By Price
Product name:
Price:
Trending Accounts Receivable Software Reviews
8.0
N/A
8.0
N/A
Emagia Comparisons
Product name:
Page last modified
Did you find this review useful?
Yes
No
Thank you for your feedback
How can we make this page better?
Unsure about this software?
FIND ALTERNATIVES
Why is FinancesOnline free?