Credit management refers to the process of overseeing a company’s credit policies and practices to ensure efficient credit extension and timely debt collection. It involves assessing creditworthiness, setting credit limits, monitoring payment behavior, and minimizing bad debts. Effective credit management enhances cash flow, reduces financial risks, and fosters strong customer relationships.
Reimagine Your Order-To-Cash with AI
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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.