In a real-life scenario, a company may reconcile its bank account balance on the balance sheet with the bank statement. They would compare transactions, including deposits, withdrawals, and fees, ensuring they match between the company’s records and the bank’s records. Any differences would be investigated, such as outstanding checks or bank errors, and adjustments made to reconcile the balances accurately.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Credit Risk
Receivables
Collections
Deductions
Cash Application
Customer EIPP
Bringing the Trifecta Power - Automation, Analytics, AI
Recommended Digital Assets for You
Suggested Resources
Digital World-class Leaders Use Emagia Order-to-Cash
Case study
Case study
![Cali logo](https://www.emagia.com/wp-content/themes/emagianew/images/cali-logo.png)
Case study
Cali Bamboo Boosts Digital Credit Decisions with Emagia
Case study
Digital Credit Transformation for American Heart Association
Add AI to Your Order-to-Cash Process
![JD EDwards logo](/wp-content/themes/emagianew/images/oracle-jdedwards-logo.png)
AR Automation for JD EDwards
![SAP logo](/wp-content/themes/emagianew/images/sap-logo.png)
AR Automation for SAP
![Oracle logo](/wp-content/themes/emagianew/images/oracle-e-business-suite-logo.png)
AR Automation for Oracle
![NetSuite Logo](/wp-content/themes/emagianew/images/netsuite-logo.png)
AR Automation for NetSuite
![PeopleSoft logo](/wp-content/themes/emagianew/images/peoplesoft-logo.png)
AR Automation for PeopleSoft
![MS Dynamics logo](/wp-content/themes/emagianew/images/msdynamics-logo.png)
AR Automation for MS Dynamics
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.