Credit collection involves the systematic process undertaken by creditors to recover unpaid debts from borrowers who have failed to meet their financial obligations within the agreed timeframe. It encompasses various steps such as communication, negotiation, and, if necessary, legal action to reconcile outstanding balances. The primary goal of credit collection is to recover owed funds while maintaining positive customer relationships and adhering to legal guidelines governing debt recovery practices.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Bringing the Trifecta Power - Automation, Analytics, AI
Recommended Digital Assets for You
Suggested Resources
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Part 3 – Happy Customers, Happy Shareholders)
Deloitte: Using AI & Analytics to Improve Finance Operations
Reimagining the Enterprise with AI
Data-Driven Finance for Achieving Excellence in Order-to-Cash Operations
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
AR Automation for MS Dynamics
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.
