Remitted refers to the past tense of the verb “to remit,” indicating that money or payment has been sent or transferred, often to fulfill an obligation or settle a debt. It signifies the completion of a financial transaction, such as sending funds to a recipient or making a payment. The term “remitted” is commonly used in banking, finance, and accounting contexts.
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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.