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Cash application is the process of matching customer payments and remittance info to corresponding invoices. Unless this is done and the cash is posted in the ERP system, the funds will not be available for use. Cash application is simple in concept but complex in practice.

Emagia AI-driven Order-to-Cash Analytics solution comes with enterprise-class business intelligence, dashboards, visualizations, analysis, and forecasting capabilities to support data-driven decision-making to manage the order-to-cash cycle. This modern, intuitive business intelligence solution provides comprehensive reporting and analytical capabilities for efficient accounts receivable (AR) management.

We are glad to announce Emagia’s Gia Docs AI-powered Intelligent Document Processing solution is recognized in the “10 Most Promising Document Management System Providers 2022” by CIOReview Magazine. Gia Docs AI, a self-learning cognitive document reading digital assistant solution, has the capability to eliminate manual data extraction from financial documents. Gia Docs AI provides a simple, easy and cost-effective solution to process hundreds of complex financial documents in minutes and with confidence.

A key part of customer experience is self-service. Emagia Electronic Invoice Presentment and Payment (EIPP) portal is a fully integrated financial self-service component of the Emagia Enterprise Receivables Management System (ERMS). The module empowers customers to take charge and allows them to access what they want when they want it.

B2B credit risk management software eliminates manual tasks, accelerates credit processing, increases healthy revenues and minimizes the accounts receivable (AR) risk. Check out our blogs on how AI-powered credit automation empowers organizations with an end-to-end credit process.

It is to be noted that none of these technologies work in silos, but in combination to manage credit risks. We will examine some technologies that are transforming credit risk management in enterprises to protect these businesses from systemic and unsystematic risks.

Emagia AI-powered Cash Application is a cloud-based platform that is integrated with leading banks, electronic lockboxes, leading ERP systems and email inboxes. This intelligent solution leverages automation, analytics and AI to match invoices to incoming payments and remittances that come in multiple data and document formats in multiple languages and multiple currencies.

Emagia’s Credit Risk Management Solution helps businesses take charge of their credit by providing a deeper insight to understand customers’ payment behavior, increasing healthy revenues and minimizing the accounts receivable (AR) risk. The AI-powered solution provides a 360-degree view of customers and their credit risk information in real-time.

Order to Cash (O2C) process is a key component of the finance function. It involves receiving and fulfilling customer request for goods or services. An efficient order to cash process ensures a smooth logistical flow of operations. On the other hand, an inefficient order-to-cash process delays order processing, fulfillment, shipping, invoicing, and cash flow. While early automation solutions focused on processes that could not address the entire O2C process, newer technologies such as artificial intelligence and analytics can automate the O2C process. An intelligent O2C platform, like Emagia, can streamline the order to cash process and accelerate cash flow.