YayPay named a leader in 2020-2021 IDC MarketScape Report

YayPay helps companies to automate their accounts receivable (AR) process, transforming a critical but complex back-office function in an increasing digital economy. 

The IDC MarketScape report calls today a time “of unprecedented uncertainty and volatility” and identifies the first priority for all companies to be the need to “quickly shore up their money and financial processes.” During these times of uncertainty, “businesses of all sizes turn to accounts receivable (AR) as an essential element of maintaining positive cash flow.".
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YayPay’s one platform, one system, one code-base solution automates the entire accounts receivable process. Leveraging automated tools and communications, customers see a 3x increase in productivity and a 34% reduction in Day Sales Outstanding (DSO) or ‘debtor days’.


“YayPay is recognized by IDC for its focus on delivering superior user experience and customer service, communications capabilities for collections management and AI/machine learning applications for credit risk assessment and cash forecasting.”
- Kevin Permenter, Research Manager, Enterprise Applications, IDC
 
The IDC MarketScape report is the CFO’s go-to technology vendor guide on cloud-enabled AR software.
 

WHAT'S INSIDE

 

IDC MarketScape provides industry leaders with the in-depth assessments they need to make ‘fact-based decisions on technology purchases and business strategy.’ Covering the following areas, and more:
  • Does the vendor have experience with my type of product, service, and company size?
  • Can the vendor show me a hands-on demo with my organization’s live data to show the benefit to my business?
  • Does the vendor understand the regulations that will impact my business?
  • Can the system integrate with my company’s other IT systems and those of my partners?
  • What levels of support are available and are they geographically available for my business?
Download the report today!
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The IDC MarketScape report says to consider YayPay when:


“You are looking for a solution that leverages AI/ML technology. YayPay automates payment communications to accelerate collections, eliminate and streamline the manual effort associated with following up on late invoices, and report on KPIs. YayPay also integrates with multiple accounting, ERP, billing, and CRM applications, for a complete look into the AR process, from credit to cash application.”

Source: IDC MarketScape: Worldwide SaaS and Cloud Enabled Accounts Receivable Automation Applications for Midmarket 2020-2021 Vendor Assessment, December 2020, IDC #US47032320