Digitizing remittance advice typically involves scanning or uploading the documents into the system, where optical character recognition (OCR) technology is employed to extract pertinent details like invoice numbers and payment amounts. Once extracted, the data is converted into a digital format compatible with accounting software, facilitating seamless integration and processing. This digitization streamlines the remittance capture process, enhancing efficiency and accuracy in managing incoming payments.
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.
