Free cash application refers to the process of applying incoming cash payments to an organization’s open invoices or accounts receivable without restrictions or preconditions. This approach allows for flexible and efficient allocation of funds, ensuring that payments are accurately matched to the appropriate customer accounts. By streamlining cash application, businesses can improve cash flow management and reduce administrative overhead.
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.
