Payment remittance refers to the process of transferring funds from one party to another, typically in the context of a business transaction. It involves sending payment from a payer to a payee, often accompanied by relevant information such as an invoice or account details. This ensures that the correct amount is delivered to the intended recipient in a timely manner, facilitating smooth financial transactions.
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.
