Santa Clara, Calif. — Solix Technologies, Inc., a leading big data application provider for empowering data-driven enterprises, announced a joint solution with Emagia Corporation, to accelerate digital transformation for global finance departments and F&A shared services with Solix Data-driven Finance.
Designed to address the requirements of strategic CFOs — 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:
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.
Emagia Finance Analytics Hub: An artificial intelligence powered advanced analytics platform featuring pre-packaged descriptive, predictive and prescriptive analytics applications to drive valuable insights and to further enable cognitive automation for finance operations.
“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 improve cash management and gain valuable insights to manage their operations and drive strategic growth.”
“Reimagining finance operations for the digital age is made simple with Emagia and Solix Data-driven Finance,” said Veena Gundavelli, Founder & CEO, Emagia Corporation. “Finance executives can now use this solution as a crystal ball to understand, predict and manage metrics associated with finance operations”.
Solix Data-driven Finance solutions include:
Enterprise Data Lake
Enterprise Archiving and Application Retirement
Emagia Finance Analytics Hub: 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 Solix Data-driven Finance, click here.
To learn more about the Solix Common Data Platform, click here.
To learn more about Emagia Finance Analytics, click here.