Accounts receivable (A/R) refers to the outstanding balances owed to a company by customers for goods or services provided on credit. It represents the revenue that has been earned but not yet collected, documented through invoices. Managing accounts receivable effectively is crucial for maintaining cash flow and ensuring the financial health of the business.
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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.