A debtor is an individual or entity that owes money or is in debt to another party, typically resulting from borrowing funds or purchasing goods or services on credit. They are obligated to repay the borrowed amount or fulfill their financial obligations according to the terms agreed upon with the creditor. Failure to repay debts may lead to legal consequences, such as collection efforts or damage to creditworthiness.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Add AI to Your Order-to-Cash Process
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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.
