A creditor is an individual or entity that lends money or extends credit to another party, expecting repayment within a specified timeframe. They typically hold a claim or right to receive payment from the debtor. Conversely, a debtor is the individual or entity that owes money or is in debt to the creditor, obligated to repay the borrowed funds or fulfill their financial obligations according to the terms agreed upon.
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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.
