Receivables reconciliation involves comparing and matching a company’s accounts receivable records with corresponding external documents, such as customer invoices and payment receipts, to ensure accuracy. This process helps identify discrepancies between the recorded amounts and actual payments received. Regular receivables reconciliation is crucial for maintaining accurate financial statements and managing cash flow effectively.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless 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.
