Duplicate payment occurs when a payment is made more than once for the same invoice or service, often due to clerical errors or system glitches. This can lead to financial discrepancies and cash flow issues for businesses. Identifying and resolving duplicate payments is crucial for maintaining accurate financial records and preventing losses.
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.
