YayPay is a predictive and automated AR management solution that helps financial teams perform better, manage receivables more efficiently, and get payments from clients in a more timely manner. The software combines real-time accounts receivables, analytics, and payment predictions to help businesses increase cash flow.
YayPay leverages advances in AI and machine learning to automate tasks and suggest efficient workflows to allow more time for high value-added work. This is especially useful for companies with a complex AR profile and a growing customer base, but lack the vast resources and financial cushions of large corporations. YayPay’s customers see 3 times more efficiency in their finance teams and accelerated cash inflow by 10-20%.
Many companies, including large global brands, still use Excel to manage their AR and collections process. While this configuration demands a lot of manual work, even companies that use accounting packages still struggle to understand the health of their AR or the individual status of different invoices. YayPay makes understanding and improving your AR easy with simple displays and straightforward dashboards for optimal visibility. YayPay’s reports will give you all the information you need to make decisions for your business.
YayPay’s collections processes makes getting paid more likely. Reducing DSO can make a huge difference to your organization’s bottom line. On average, YayPay’s customers see a 30% reduction in their DSO. YayPay’s machine learning and AI can help you determine the risk of non-payment on late invoices.
Normally, AR data is decentralized and lives on a few different platforms with multiple staff working on the same accounts. YayPay takes your data directly from your ERP and billing platform and serves as a single source of truth for everyone in your organization. YayPay integrates with Oracle NetSuite, Sage Intacct, Acumatica, QuickBooks Online, Enmark Systems, Plex, SalesForce, and other business applications.
YayPay records your customer's payment history and previous communication. If someone has a habit of paying late, you’ll be encouraged to be more proactive or respond to a late payment sooner. YayPay helps you take the smartest, most efficient approach to AR management.
YayPay helps you understand who you need to reach out to - and when. YayPay’s machine learning recommends how to make contact by identifying the time, channel, and message, and quantifying the impact on fees, discounts, and credit lines. YayPay can automate basic collections processes, freeing you to tackle the tougher problems.