Reconciling an account involves comparing the account’s recorded transactions and balances with external records, such as bank statements or vendor invoices, to ensure they match. This process includes identifying and resolving discrepancies, correcting errors, and confirming that all transactions are accurately recorded. Effective reconciliation helps maintain accurate financial records and detect potential issues early.
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.
