A collection of accounts receivable refers to the process of pursuing and recovering outstanding payments from customers for goods or services provided. It involves systematic efforts such as reminders, statements, and direct communication to encourage timely payment. This process helps businesses maintain healthy cash flow and manage their financial stability by ensuring that funds owed to them are collected efficiently.
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.
