The credit collection process involves contacting customers with overdue payments to secure outstanding balances. It includes sending reminders, issuing collection letters, and possibly employing third-party collection agencies for more stubborn cases. Effective credit collection practices help businesses maintain healthy cash flow and minimize bad debt risks.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Bringing the Trifecta Power - Automation, Analytics, AI
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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.
