A credit control system is a set of procedures and policies implemented by businesses to manage and monitor their credit risk exposure. It involves assessing customer creditworthiness, setting credit limits, and enforcing payment terms to minimize bad debts and maintain healthy cash flow. Additionally, it may include tools such as credit checks, credit insurance, and debt collection strategies to mitigate financial losses and ensure timely payment from customers.
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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.
