While eChecks and ACH (Automated Clearing House) payments are both electronic forms of payment, they differ in initiation method and processing speed. eChecks are essentially digital versions of paper checks, while ACH transactions involve direct bank-to-bank transfers. While eChecks can be initiated by businesses or consumers, ACH payments are typically initiated by businesses for recurring payments like payroll or bill payments.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Bringing the Trifecta Power - Automation, Analytics, AI
Recommended Digital Assets for You
Suggested Resources
Future Of Order to Cash (O2C) Process Eight Predictions
Data-driven Banking & Financial Services
Finance Transformation Blueprint for AR Shared Services
Data-driven Finance
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 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.
