Financial close automation involves utilizing technology to streamline and expedite the process of finalizing financial statements and reports at the end of an accounting period. It encompasses automating tasks such as journal entries, account reconciliations, and variance analysis, reducing manual effort and minimizing errors. By leveraging financial close automation tools, organizations can accelerate the closing process, improve accuracy, and ensure compliance with regulatory requirements, ultimately enhancing efficiency and enabling finance teams to focus on strategic initiatives.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Credit Risk
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Receivables
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Collections
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Deductions
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Cash Application
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Customer EIPP
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Bringing the Trifecta Power - Automation, Analytics, AI
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Suggested Resources
Finance Transformation: Journey to the New Digital Era
Global Order-to-Cash: Learn how digital transformation changes your 3Ws – Work, Workforce and Working Capital Cycle
Digital Order-to-Cash: A Roadmap to Collections Automation (Part 2 – Keeping the Customer and Maximizing Cash Flow)
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Part 3 – Happy Customers, Happy Shareholders)
Digital World-class Leaders Use Emagia Order-to-Cash
Case study
Driving world-class efficiency in global accounts receivables operations spanning across
90
Countries
1000
Customers
170+
Connected Banks
Case study
Achieving world-class digital Order-to-Cash performance globally in 15 months
$4B
In Receivables
44
Countries
>95%
cash app rates
Case study
Cali Bamboo Boosts Digital Credit Decisions with Emagia
How a green building materials company automated the tedious task of manual credit management, and accelerated customer onboarding using the Emagia credit application solution.
Case study
Digital Credit Transformation for American Heart Association
How Emagia empowered one of the world’s largest voluntary organizations accelerate customer credit approvals and onboarding time, while reducing manual efforts in credit processing.
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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.
