Cash App refers to the process of reconciling incoming payments from customers with the corresponding invoices or accounts receivable records in a company’s financial system. It involves matching payment details such as amount, date, and customer information to open invoices or outstanding balances. By automating this process with specialized software or tools, businesses can streamline their cash management, improve accuracy, and accelerate the application of funds to reduce outstanding receivables.
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.
