Balance Sheet Reconciliation is the process of comparing and reconciling the balances of assets, liabilities, and equity accounts reported in the company’s financial statements with supporting documentation and external records. It ensures accuracy and integrity in financial reporting by identifying and resolving discrepancies or errors.
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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 Enterprise Receivables Management System 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.