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Data-driven Finance

Empower Finance Operations with Data-driven Insights

Enterprise finance has evolved into a strategic role expected to keep the business agile by analyzing risks and rewards, anticipating financial challenges, and optimizing financial operations. It is no longer a back-office of facts and figures role, but is a strategic stewardship role driving enterprise performance and giving companies a competitive edge. To cope with the new expectations, modern CFOs need to harness information to change the rules.

The tremendous opportunity of a data-driven strategy is apparent to enterprise finance, but all these informational assets exhibit volume, variety, and velocity and need to be ingested and analyzed for enhanced insight. By deploying automated next-gen financial system architectures, CFOs can consolidate information to derive deep analytics and business insights. Data-driven technology solutions such as Emagia Finance Analytics based on the Solix Common Data Platform (Solix CDP) provides a next-generation data management platform that not only meets the analytic demands of the data-driven organization but also addresses the cost, compliance, and governance challenges that come along.

The Solution

Emagia Finance Analytics

Cashflow is the lifeblood of any business. Today’s corporations face tremendous pressure to maximize receivables performance. Also known as trade credit, receivables are the most cost efficient resources to accelerate cash flow.

Lack of timely information on receivables stored in multiple disparate systems and the complexity introduced by disconnected manual processes, impede many finance executives’ ability to measure and monitor credit risk and collections efficiency.

Effective receivables management involves ensuring effective credit policy management and automation of credit-to-cash processes, which increase the efficiency of a firm’s cash conversion operations. Accelerating revenue cycles, and lowering credit maximizes the value of the firm.

See how Emagia provides a single unified platform for managing all your order-to-cash processes seamlessly. Designed for high volume global operations, Emagia products are used by many credit and collections departments as well as finance shared service centers.

Emagia Receivables Management solution enables your enterprise to drive working capital efficiency on Order-to-Cash processes to lower DSO, increase customer satisfaction, and maintain fiscal discipline. Order-to-Cash is defined as the business process flow comprising: customer data management, credit decisioning, standard invoicing/billing and electronic bill presentment, revenue recognition, cash receipt, cash application, collections (i.e., delinquencies, deductions, and claims/disputes), audit and financials compliance, and reporting.

Benefits

Key Features & Benefits of Data-driven Finance

Unlocking financial agility, our data-driven solutions empower strategic decision-making, optimize operations, and maximize enterprise value with unparalleled insights.

Benefits of Data-driven Finance
Benefits of Data-driven Finance
Benefits of Data-driven Finance
Benefits of Data-driven Finance
Benefits of Data-driven Finance
Benefits of Data-driven Finance
Resources

Related Resources

Explore related resources to gain deeper insights, helpful guides, and expert tips for your ongoing success.

Why Us

Why SOLIXCloud

SOLIXCloud offers scalable, secure, and compliant cloud archiving that optimizes costs, boosts performance, and ensures data governance.

  • Common Data Platform

    Unified archive for structured, unstructured and semi-structured data.

  • Reduce Risk

    Policy driven archiving and data retention

  • Continuous Support

    Solix offers world-class support from experts 24/7 to meet your data management needs.

  • On-demand AI

    Elastic offering to scale storage and support with your project

  • Fully Managed

    Software as-a-service offering

  • Secure & Compliant

    Comprehensive Data Governance

  • Free to Start

    Pay-as-you-go monthly subscription so you only purchase what you need.

  • End-User Friendly

    End-user data access with flexibility for format options.