YayPay is revolutionizing the future of work for finance teams
YayPay is revolutionizing the future of work for finance teams
As a finance professional, your top priority consists of securing the financial well-being of the organization. This includes providing financial projections and accounting services, preparing growth plans, and managing cash flows. Your mind is always switched on to cash flow improvement, days sales outstanding (DSO) reduction, balancing the spreadsheets, minimizing cost and providing timely and accurate analysis of budgets, financial trends and forecasts. Not a day goes by that you don’t consider what predictive analytics tools may be available to better forecast and prepare for debts and losses.
YayPay by Quadient, not only feels your pain, but understands your needs. As your integration partner, we’ll set you up for long-term business agility and scalability. We will help improve your company’s cash flow, increasing efficiency in your receivables and collections processes, and strengthening your companies’ relationships with your customers. Take a hands-on lead position of developing, implementing, and maintaining a comprehensive cost analysis and cash flow process for all your company’s invoices from invoice extraction from ERP through to payment collection and reconciliation.
Strategic insights
Impacting your bottom line is what matters most, and with the right information and insights, only then can you have positive results. The proper analytics and a glimpse into historical data allows you to forecast bad debt more accurately, see write-off reduction, reduce your Days Sales Outstanding (DSO) and most importantly, improve your company’s cash flow. Data can be needed at any time and for any meeting, so having the access to the appropriate information at your fingertips is paramount.
Predictive analysis
Our end-to-end Accounts Receivable platform uses smart predictive algorithms in collaboration with comprehensive reporting to forecast the behavior of payors and to allow you to use these predictions to assess the impact to your company’s cash flow. Planning appropriately for the future requires having the right intelligence available. YayPay helps avoid future payment issues with your customers and provide a better experience in the end.
Collections management
Collections management is key to a healthy cash flow. Investing to improve collections effectiveness is guaranteed ROI (return on investment) when managed with smart tools. Access to data and a unified collections workflow will drive better communications and collaboration across the AR, collections and sales teams, as well as improve customer satisfaction. Additionally, applying analytics-based prioritization to focus on your best targets will maximize collection efficiency, as well as lower both risk and labor.
ERP integration
YayPay integrates with multiple accounting, ERP, billing, and CRM applications, for a complete look into the AR process, from credit to cash application. Leverage automation tools to accurately match invoices to payments, support the dispute and collections process, and feed cash application data back to your ERP system. A robust cash application system can prioritize emails, capture and translate information via AI, and use machine learning to automate postings.
Automated communications
Centralized customer correspondence allows for the finance team to be more efficient with their time on the collections process while simultaneously empowering their sales team by automatically alerting them to follow-up on their accounts as needed. All customer correspondence is stored and maintained in perpetuity inside YayPay (notes, calls, emails, disputes). All invoice, communication (notes, emails, tasks) and sales and billing contact details are all under one umbrella.
Streamlined payments
Apply payments to open receivables through the customer statement view of open invoices (via the portal) thereby allowing their customers a fast, inexpensive and efficient way to pay the open receivable balances via credit card or ACH. They pay their way and when it’s convenient for them. Through payment behavior analysis, you can have access to tools to monitor customer internal credit scoring designations based on past payment performance. This allows you to identify trends in customer behaviors which may indicate a need to dedicate more collector time and attention to accounts falling behind on payments. You can also leverage the tool to potentially determine the appropriate credit terms to extend to a business.
