Shared services for collections involve centralizing debt collection efforts across departments or business units within an organization. This consolidation allows for a more coordinated and efficient approach to pursuing outstanding payments from customers or clients. By pooling resources, standardizing processes, and leveraging specialized expertise, shared services for collections enable organizations to improve cash flow, reduce bad debt, and enhance overall financial performance.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Future Of Order to Cash (O2C) Process Eight Predictions
Hyper Automation of (Accounts Receivable) AR Process with Digital Tools
The Journey to Smarter Accounts Receivable Management with AI
Intelligent Order-to-Cash Through Analytics, Automation, and AI
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 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.
