A company might sell its receivables to another company to quickly access cash, improve liquidity, and reduce the risk of bad debts. This process, known as factoring, allows businesses to maintain steady cash flow and focus on growth without waiting for customers to pay invoices. It can also help manage financial uncertainties by outsourcing collections and credit risks.
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.
