A cash application process map outlines the step-by-step procedures involved in managing cash transactions within an organization. It typically begins with the receipt of payments from customers or clients, followed by the validation and recording of these payments into the company’s accounting system. Finally, it involves the reconciliation of payments against invoices or accounts receivable to ensure accuracy and completeness in financial records.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Suggested Resources
Transforming Order-to-Cash with Emagia Global Deployment: Watch the ConvaTec GBS Success Story
Digital Order-to-Cash: A Roadmap to Credit Automation (Part 1: Onboarding the Customer)
Digital Order-to-Cash: A Roadmap to Collections Automation (Part 2 – Keeping the Customer and Maximizing Cash Flow)
Digital Receivables: Keeping the Customer and Maximizing Cash Flow
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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.
