SANTA CLARA, Calif., April 26, 2017 /PRNewswire/ -- Solix Technologies, Inc. (www.solix.com), a leading big data application provider for empowering data-driven enterprises, today announced a strategic partnership with Emagia Corporation (www.emagia.com), a leading provider of data-driven finance operations management solutions, to enable centralized data repository and advanced analytics for finance departments and shared services.
Emagia will offer Solix Big Data Suite to provide support for enterprise data lake and archiving of all finance transactional data and related documents on low-cost Apache Hadoop, reducing financial infrastructure costs and complexity. Emagia Advanced Analytics Suite, a prepackaged advanced analytics application integrated with Solix Big Data Suite, will provide out-of-the box insights on historic trends and predictions on revenue, profitability, cash flow and operational metrics. Companies can gain valuable insights on key financial metrics related to Cost, Compliance, Cash flow, Customer LifeTime Value boosting financial and line-of-business decision making.
According to the January 2015 Forrester report, Grow Your Revenue Stream With Customer-Centric Finance, "While business leaders typically look to finance to manage costs, enforce controls, and ensure compliance, finance now has an opportunity to drive growth. To do this, it must oversee a complex set of processes comprising the order-to-cash revenue stream, analyze and forecast financial performance, and promote a painless customer experience when money changes hands."
"This partnership will empower our customers with next generation enterprise performance management and cognitive analytics solutions to drive intelligent and efficient finance operations as well as provide strategic guidance to their business," said Veena Gundavelli, Founder & CEO, Emagia Corporation.
"Big data is changing the way businesses operate, by delivering valuable, relevant and actionable insights," John Ottman, Executive Chairman at Solix Technologies, Inc. "We look forward to working with Emagia to help finance departments and F&A shared services become more data-driven."
About Solix Technologies
Solix Technologies, Inc. is a leading big data application provider that empowers data-driven enterprises with optimized infrastructure, data security and advanced analytics by achieving Information Lifecycle Management (ILM) goals. Solix Big Data Suite offers an ILM framework for Enterprise Archiving and Enterprise Data Lake applications with Apache Hadoop as an enterprise data repository. The Solix Enterprise Data Management Suite (Solix EDMS) enables organizations to implement Database Archiving, Test Data Management (Data Subsetting), Data Masking and Application Retirement across all enterprise data. Solix Technologies, Inc. is headquartered in Santa Clara, California and operates worldwide through an established network of value added resellers (VARs) and systems integrators. To learn more, please visit http://www.solix.com
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SOURCE Solix Technologies, Inc