B2B payment remittance refers to the process of sending payment from one business entity to another, often accompanied by details explaining the purpose of the payment. It typically includes information such as invoice numbers, purchase order references, and payment terms. This documentation helps streamline reconciliation processes for the receiving business, ensuring accurate accounting and efficient cash flow management.
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.
