Financial Services

Since March 2020, most sectors have been severely disrupted by the COVID-19 pandemic. Accounts payable (AP) teams have been hit by these changes just as much as any other industry or individual department.

Accounting has traditionally been heavily reliant on manual processes, but in recent times there has been a surge in automated solutions. Companies have been deploying technologies to scale operations and optimise workflow to save costs and time.

The signs are everywhere: rising interest rates, continued supply chain disruptions, labour shortages and economic volatility. And they all point in the direction of the dreaded word that has every C-level executive on edge — recession.

NetSuite is a great tool. But without the proper AR automation software, you aren’t unlocking its full potential. That’s because it wasn’t designed with the specific needs of accounts receivable in mind. At YayPay, we’ve performed our own hands-on research to understand what organisations need to get the most out of their ERP

You’re a NetSuite user who likes using the platform to manage accounts receivable. Why wouldn’t you? It’s multifunctional and enables you to keep track of your payments, invoicing and collections. It’s customisable to fit your needs, and ultimately, it increases your efficiency by pulling together your accounting activities into a single system.

Today, AI plays a transformational role in accounts receivable (AR) for the organisations that use it. The question is — is it set to replace AR teams altogether? Watch our on-demand webinar to find out what AI and finance experts have to say.

Quadient AR helped CHG Healthcare reduce late payments and improve reporting to accelerate their cash flow. Read their story.

Smarter Finance: Future-proofing AP and AR workflows. Finance shouldn't be complicated. If outdated AP and AR systems are slowing you down, it's time for a smarter approach.

When it comes to accounts receivable solutions, there are more choices than ever. However, not all AR solutions are created equal. So, how do you go about finding the perfect match for your business? Our new eBook, The Path to Greatness: 4 Essential Features of an Exceptional AR Solution, has the answers.