In accounting, reconciliation is the process of comparing and matching financial records from different sources, such as bank statements and internal ledgers, to ensure accuracy and consistency. It involves identifying and correcting discrepancies between these records to maintain accurate financial statements. Regular reconciliations are essential for verifying account balances, preventing errors, and ensuring the integrity of financial reporting.
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.
