A delinquent account refers to an account where payments are overdue or not made according to the agreed-upon terms. It typically incurs penalties, interest charges, and may lead to negative consequences such as credit damage or legal action. Addressing delinquent accounts promptly is crucial to avoid further financial repercussions and maintain good standing with creditors.
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.
