An account becomes uncollectible when a business determines that a customer is unlikely to fulfill their outstanding financial obligation. This decision is typically made after exhaustive attempts to collect payment and when all reasonable efforts have been exhausted. The recognition of uncollectible accounts allows businesses to accurately reflect the true value of their receivables and make informed financial decisions.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Bringing the Trifecta Power - Automation, Analytics, AI
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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.
