Debtors refer to individuals or entities that owe money or have incurred a debt to creditors. They can be individuals who borrowed money, businesses that owe payments for goods or services, or governments with outstanding loans. Debtors are obligated to repay the borrowed funds or settle their debts according to agreed-upon terms, which may include interest and a specific repayment schedule.
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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.
