Automatic reconciliation is a process facilitated by software that automatically matches and verifies financial transactions between different records, such as bank statements and internal accounting systems. It identifies discrepancies, resolves errors, and ensures consistency between the two sets of data without manual intervention. This automated approach streamlines reconciliation processes, enhances accuracy, and saves time, allowing businesses to maintain up-to-date and reliable financial records effortlessly.
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.
