Factoring receivables involves selling accounts receivable to a third-party financial institution at a discount in exchange for immediate cash. This practice provides businesses with quick access to funds without waiting for customers to pay their invoices. The factoring company then assumes responsibility for collecting payments from the customers, allowing the business to improve cash flow and focus on core operations.
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.
