Avoiding bad debt involves conducting thorough credit checks on potential customers to assess their creditworthiness before extending credit. Implement clear credit policies with defined payment terms and credit limits to minimize the risk of late or unpaid invoices. Regularly monitor accounts receivable and promptly follow up on overdue payments to address any issues before they escalate into bad debt situations.
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.
