Selling accounts receivable involves transferring outstanding invoices to a third party, often a factoring company, to improve cash flow. Businesses can sell these receivables at a discount, receiving immediate payment while the third party takes on the responsibility of collecting from customers. This process helps companies access working capital quickly without waiting for invoice 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.