Automation can help reduce the number of doubtful accounts by implementing advanced algorithms to assess customer creditworthiness in real-time, flagging high-risk accounts for closer monitoring or adjustment of credit terms. Additionally, automated reminders and notifications can prompt timely follow-ups on overdue payments, reducing the likelihood of accounts becoming doubtful.
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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.