The cash application process is susceptible to risks such as misallocation of funds, unidentified payments, and potential errors in reconciliation. Inaccuracies may lead to discrepancies in financial records and impact overall cash flow management. Implementing robust controls and automated systems is essential to mitigate these risks and ensure the accuracy of the cash application process.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Suggested Resources
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Digital Order-to-Cash: A Roadmap to Credit Automation (Part 1: Onboarding the Customer)
Digital Receivables: Keeping the Customer and Maximizing Cash Flow
The 3 A’s You Need for the Future of OTC -Automation, Analytics and AI
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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.
