Collections involve pursuing and obtaining payments from customers, while cash application focuses on the systematic allocation and reconciliation of received funds to specific customer accounts. Collections are proactive in securing payments, while cash application is reactive, managing and processing the received payments accurately. Together, these processes contribute to effective accounts receivable management in ensuring a steady and optimized cash flow.
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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 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.