AR cash application refers to the process of applying received payments to specific customer accounts within the accounts receivable system. It involves matching incoming payments with outstanding invoices or credit memos to accurately reflect the financial transactions. This ensures that customer balances are updated correctly and helps in maintaining an accurate record of the organization’s financial status.
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 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.
