Accounts Payable (AP) accounting involves tracking and managing the money a company owes to its suppliers or creditors for goods and services received on credit. On the other hand, Accounts Receivable (AR) accounting focuses on monitoring and managing the money owed to the company by its customers for goods or services sold on credit. While AP deals with outgoing payments, AR deals with incoming payments, both essential for maintaining a healthy cash flow and financial stability within an organization.
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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.
