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Emagia Named 'Rising Star' in ISG's 2024 Finance and Accounting Platforms Report

Posted On: 2024-05-11 22:03:56 (Time Zone: IST)


Emagia, the leading provider of autonomous finance platforms for Order-toCash (O2C) has earned distinction as a "Rising Star" in technology research and advisory firm ISG's 2024 Provider Lens Finance and Accounting Platforms report. The research recognizes Emaglia's innovative approach to financial process automation and cites the company as a trailblazer ahead of its competition in the integration of its Generative AI platform for finance automation.

ISG's Provider Lens™ Finance and Accounting Platforms report evaluates 22 providers across two quadrants: Invoice to Cash (I2C) and Record to Report (R2R). Emagia's recognition as a "Rising Star" in the I2C quadrant reflects its strong portfolio and high potential for continued success in the finance and accounting SaaS market.

Gia [Emagia's AI-copilot for finance] helps make decision-making more agile, improves efficiency, and makes data readily available for finance leaders to focus on data-driven strategic decisions." - ISG

The ISG report highlights the growing demand for integrated finance and accounting platforms that harness AI and machine learning to deliver greater efficiency and precision.

Enterprises are increasingly turning to software-as-a-service (SaaS) solutions to streamline complex finance operations. Emagia stands out for its commitment to revolutionizing the I2C process through AI and automation.

"Emagia's AI and automation aim for 90% autonomous I2C, boosting efficiency, accuracy, and decision-making through real-time activity tracking," said ISG Industry Analyst Gaurang Pagdi. ISG also noted that Emagia's strategic approach "significantly improves operational efficiency and financial outcomes, reducing manual effort and accelerating payment collection."

The ISG report underscores that modern finance requires solutions that can adapt to rapidly changing business environments. It notes that Emagia's approach, with its focus on seamless integration and client-centric customization, positions it as a key player in the evolution of finance and accounting platforms. Emagia's AI-powered platform transforms finance operations into digital workflows, significantly improving cash flow forecasting, minimizing credit risk, and accelerating payment collections.

"The finance and accounting SaaS sector is investing in next-generation technologies to solve age-old business problems," said Robert Stapleton, ISG partner, Business Outsourcing Services. "This extends to GenAI, even though its operational effectiveness is still uncertain."

ISG added that Emagia Is one of very few providers that have integrated GenAI capabilities into its various solutions. "Gia [the AI-copilot for finance by Emagia] helps make decision-making more agile, improves efficiency, and makes data readily available for finance leaders to focus on data-driven strategic decisions."

For more insights into ISG's 2024 Provider Lens™ Finance and Accounting Platforms report and the emerging trends in this sector, please visit https://www.emagia.com/isg-invoice-to-cash/.

Shares of TechNVision Ventures Limited was last trading in BSE at Rs. 1863.30 as compared to the previous close of Rs. 1826.80. The total number of shares traded during the day was 2 in over 2 trades.

The stock hit an intraday high of Rs. 1863.30 and intraday low of 1863.30. The net turnover during the day was Rs. 3726.00.


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