To prevent and reduce bad debts, implement stringent credit policies, conduct thorough credit checks on customers, establish clear payment terms, offer incentives for early payments, and maintain proactive communication to address any issues promptly. Regularly monitor accounts receivable aging reports and consider outsourcing debt collection for overdue accounts to mitigate the risk of bad debts and ensure financial stability.
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.
