Today, we announced the launch of our advanced Business Intelligence (BI) module, bringing much needed innovation to data analysis and management in the Accounts Receivables (AR) industry. Our advanced BI module provides finance teams with the ability to conduct comprehensive analysis of the data that matters the most to their business, drilling deeper into AR data than ever before and visualizing AR health with customizable and dynamic charts and graphs.
Financial reporting is a critical part of the AR function, but teams have traditionally relied on expensive third-party applications or time-consuming, error-prone manual analysis. Our advanced BI module is a direct response to this challenge, enabling non-technical users to deliver robust analysis and reports in seconds.
Kevin Permenter, Research Manager, Enterprise Applications, with market intelligence firm IDC, said: “Reporting has always been a weak point of AR applications. Almost half of the respondents in IDC’s SaaSPath Survey-2021 reported that they continue to rely on traditional spreadsheets to support AR reporting and analytics, and more than 72% of respondents find AR reporting and analytics challenging compared to other aspects of AR. There is a clear need to move from basic reporting and distribution to advanced analytics and on-demand business intelligence.”
Through leveraging hundreds of data elements with easy-to-use filters and presets, YayPay’s software-as-a-service (SaaS) advanced Business Intelligence module allows users to quickly combine multiple reports into a single custom dashboard tailored to the unique needs of the business. Advanced reports and analysis can be scheduled with updated data to be automatically delivered by email, providing insights into payor trends and pitfalls, productivity tracking according to unique KPIs, and detailed customer dispute information.
YayPay by Quadient CEO Anthony Venus said: “AR and the back-office finance function has historically suffered from a chronic deficiency in innovation disruption, resulting in major pain points and inefficiencies. We created YayPay by Quadient to revolutionize the work of finance teams, and the advanced BI module is the next evolution of YayPay. With YayPay by Quadient, AR analysis can be taken to the next level and is an important component of our strategy to automate and digitise the end-to-end AR process for finance teams around the globe.”