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
Knowing that businesses have their own business needs, it is only prudent that they avoid purchasing an all-in-one, “perfect” software system. Regardless, it is difficult to try to chance on such a software product even among recognizable software solutions. The best thing to undertake would be to shortlist the different major functions which demand analysis such as major features, costing, skill aptitude of staff members, company size, etc. The second step is, you must double down on the product research comprehensively. Have a look at these Emagia analyses and look into each of the software products in your list more closely. Such all-encompassing product investigation ascertain you keep away from mismatched applications and select the one which delivers all the tools your company requires to realize efficiency.
Position of Emagia in our main categories:
It is crucial to realize that almost no software in the Accounts Receivable Software category is a perfect solution that can fulfill all the needs of all business types, sizes and industries. It may be a good idea to read a few Emagia Accounts Receivable Software reviews first as some software may excel only in a very small set of applications or be prepared with a really specific type of industry in mind. Others might function with an idea of being simple and intuitive and as a result lack complex elements welcomed by more experienced users. You can also find software that support a broad group of customers and offer a complex feature toolbox, but that in most cases comes at a higher cost of such a software. Be certain that you're aware of your needs so that you select a service that offers all the functionalities you search for.
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 decide to get a Accounts Receivable Software it’s crucial not only to find out how experts rank it in their reviews, but also to check if the real users and companies that purchased this software are indeed happy with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Emagia reviews across a wide range of social media sites. The information is then displayed in a simple to understand format indicating how many users had positive and negative experience with Emagia. With that information available you will be prepared to make an informed buying choice that you won’t regret.
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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
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