Creditors are entities or individuals who lend money or extend credit to others. They can include banks, financial institutions, suppliers, or even individuals who provide loans or goods on credit. In business and personal finance, creditors expect repayment of the borrowed funds or goods according to agreed-upon terms, which typically include interest and a repayment schedule.
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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.