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.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Global Order-to-Cash: Learn how digital transformation changes your 3Ws – Work, Workforce and Working Capital Cycle
Gaining Control on Cash Forecasting Using Predictive Analytics
Finance Transformation Blueprint for AR Shared Services
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Part 3 – Happy Customers, Happy Shareholders)
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
AR Automation for MS Dynamics
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.
