Reconciliation refers to the process of comparing financial records to ensure accuracy and consistency between different accounts or statements. It involves identifying and resolving any discrepancies or differences that may exist between the records. Reconciliation is essential for ensuring the integrity of financial data and facilitating accurate reporting and decision-making within an organization.
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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.