ABC-Amega and Emagia Announce Business Alliance to Deliver Integrated Receivables Management Solutions

SANTA CLARA, CA – Emagia, the leading provider of Enterprise Cash Flow Management solutions, and ABC-Amega, a respected receivable management firm and leading outsourcing services provider, today announced a joint alliance to provide comprehensive receivables services and technology to Global 2000 companies. This alliance offers a full range of receivables management services along with a specialized technology platform for collections, deductions and A/R portfolio management. The joint offering will be targeted to multinational corporations in the United States, along with global markets including Europe and Asia.

“ABC-Amega has a long and successful history in the receivable management industry, delivering significant advantage to leading companies with our broad suite of services,” said David Herer, ABC-Amega’s chief executive officer. “Our partnership with Emagia is in keeping with our commitment to continually provide best-in-class solutions to the global market we serve.”

A Comprehensive Solution for Receivables Management
The joint offering includes the following integrated services and technology for receivables management:

Services

• Comprehensive, multilingual first party collections outsourcing
• Claims and dispute resolution geared toward reducing DSO and increasing cash flow
• Litigation and arbitration by experts with years of international experience
• Third party commercial collections in more than 200 countries

Technology

• Global receivables performance management platform with support for multi-language, multi-currency and regional capabilities
• Strategy driven collections automation and performance analytics
• Workflow enabled dispute resolution and deductions management
• Real-time cash forecasting engine with rolling time periods
• Complete archiving and audit trail for Sarbanes-Oxley compliance

“Emagia’s strategy is to continue delivering best-of-breed software for cash flow management that significantly elevates financial performance for Global 2000 companies,” added Veena Gundavelli, chief executive officer at Emagia. “Partnering with ABC-Amega creates a mutual opportunity for both firms to present these companies with the ability to quickly improve receivables performance at lower operational cost. The alliance will also further extend our reach into global markets.”