Selling accounts receivable, known as factoring, involves several steps. First, a business selects invoices to sell to a factoring company. Next, the factoring company assesses the receivables and provides an advance, typically a percentage of the invoice value. Finally, once the customer pays, the factor remits the remaining balance to the business, minus a fee.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Improving Order-To-Cash Efficiency Using Emagia Analytics
Enterprise Digital Assistants: How they can support you in your Credit, Collections and Cash Application Operations
Data-driven Finance For Your Accounts Receivables Operations
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Part 3 – Happy Customers, Happy Shareholders)
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 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.
