Customer remittances in cash application refer to payments received from customers along with accompanying details such as invoice numbers, amounts, and payment dates. These remittances are crucial for accurately applying payments to corresponding invoices, streamlining accounts receivable processes. Efficient management of customer remittances ensures timely reconciliation and improves cash flow visibility for businesses.
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 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.
