An account receivable is normally classified as a current asset on a company’s balance sheet. It represents funds owed by customers for goods or services provided on credit terms. This classification reflects its expected conversion into cash within the operating cycle, typically one year, and underscores its role in assessing the company’s short-term financial health and liquidity.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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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.
