The difference between a payee and a payer lies in their roles within a financial transaction. The payee is the recipient of funds, receiving payment for goods or services rendered. Conversely, the payer is the entity making the payment, issuing funds to the payee in exchange for the provided goods or services. In essence, the payee gets paid, while the payer initiates the payment.
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 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.
