SSC in accounting stands for Shared Service Center, a centralized unit within an organization responsible for providing common accounting services to multiple departments or business units. These services typically include tasks such as accounts payable processing, invoice management, and financial reporting, aimed at achieving efficiency, standardization, and cost savings. By centralizing accounting functions in an SSC, organizations can streamline processes, optimize resource allocation, and enhance control and compliance measures, ultimately improving overall financial performance and operational effectiveness.
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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.
