Accounts receivable are almost always considered current assets because they are expected to be converted into cash within a short period, typically one year. These receivables arise from recent sales transactions and represent funds owed by customers for goods or services provided on credit terms. Their classification as current assets helps stakeholders gauge the company’s ability to meet near-term financial obligations and manage its cash flow effectively.
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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 Enterprise Receivables Management System 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.
