Cash application is the process of managing and recording incoming payments from customers to ensure they are accurately applied to outstanding invoices or accounts receivable. This process involves matching payments to their respective invoices, updating financial records, and reconciling accounts. Effective cash application helps maintain accurate financial records, improve cash flow, and streamline the accounts receivable process.
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.
