Credit sales refer to transactions where goods or services are sold with the agreement that payment will be made at a later date. This practice allows customers to purchase items on credit, deferring payment while the business records the sale as receivables. Credit sales help boost sales volume but also require careful management of accounts receivable and credit risk.
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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.