Accounts Receivable is classified as a current asset account on a company’s balance sheet. It represents the amounts owed to the company by its customers for products or services that have been provided on credit. As a current asset, it reflects funds the company expects to receive within a relatively short period, usually one year, which contributes to the company’s liquidity and working capital.
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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.
