A check functions as a written order from an account holder instructing their bank to pay a specific amount to the recipient named on the check. Once deposited, the recipient’s bank verifies and processes the check through the clearing system, transferring funds from the payer’s account to the recipient’s account. This process typically takes a few business days to complete, ensuring a secure and regulated method of payment.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Credit Risk
Receivables
Collections
Deductions
Cash Application
Customer EIPP
Bringing the Trifecta Power - Automation, Analytics, AI
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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.