Accounts receivable factoring is a financial arrangement where a company sells its outstanding invoices to a third-party financial institution, known as a factor, at a discounted rate. This enables the company to receive immediate cash flow rather than waiting for customers to pay their invoices. Accounts receivable factoring helps improve liquidity and provides businesses with working capital to address immediate financial needs or invest in growth opportunities.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Autonomous O2C to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
