A credit management process involves assessing customer creditworthiness, establishing credit terms, and monitoring payment behavior. It includes evaluating financial statements, conducting credit checks, and implementing collection strategies for overdue accounts. The goal is to minimize credit risks, optimize cash flow, and maintain healthy customer relationships.
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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.