NetSuite is a superb software. However with out the right AR automation software program, you aren’t unlocking its full potential. That’s as a result of it wasn’t designed with the particular wants of accounts receivable in thoughts.
At YayPay, we’ve listened to buyer suggestions, studied business stories, and carried out our personal hands-on analysis to grasp what organizations have to get essentially the most out of their ERP. We’ve used all this data to tell our design of YayPay, creating an automatic accounts receivable answer that integrates with and compliments NetSuite. This ensures that you simply’re in a position to get essentially the most out of each instruments.
Work from a single supply of fact
Utilizing YayPay, prospects are in a position to carry out all important AR duties from a single location. As a result of the software communicates straight with the ERP, bill PDFs and buyer notes are routinely synced, as are the suitable buyer and bill degree contacts. This eliminates the necessity for guide knowledge entry, lowering the potential for person error. This, in flip, helps groups keep away from the delays – similar to bill disputes – that may come up from one thing so simple as a typo.
In keeping with ShareSpace, incorrect invoices trigger 61% of late funds.
Equally, data from throughout the AR software program, similar to funds and buyer credit score limits, are synchronized from YayPay again to NetSuite. This ensures that your accounting group can see the newest buyer exercise, eliminating the potential for pointless holds, and serving to rapidly establish accounts which can be susceptible to falling behind.
All of this gives customers with an unmatched degree of transparency, eliminating knowledge silos. This does not merely assist AR groups to perform higher. It additionally will increase buyer satisfaction, resulting in an elevated lifetime worth of accounts.
Monitor knowledge from a customized AR dashboard
Having a single supply of fact from which to function is unbelievable, but it surely doesn’t imply loads when you nonetheless need to spend an inordinate period of time trying to find and manually analyzing buyer data. In spite of everything, knowledge with out context is simply noise.
YayPay gives customers with a customizable, user-friendly dashboard that comprises your whole accounts receivable data. Experiences similar to top-rated consumers and past-due invoices will be displayed. Fast entry to real-time DSO, present account data, dynamic ageing, cost predictions, payor traits, and automatic collections knowledge, enable AR groups to observe the credit-to-cash cycle from end-to-end, rapidly figuring out bottlenecks and potential drawback areas.
“YayPay supplied instant worth. Having the ability to immediately establish excellent invoices and comply with up with prospects armed with correct, real-time data helped rapidly scale back our overdue invoices.”
Jaime Beadnell, Billing and Collections Supervisor at CorneaGen, YayPay and NetSuite Consumer
Get whole entry with limitless customers
Some accounts receivable softwares nickel and dime you with charges and add-ons for issues like including extra licenses. YayPay understands that it takes a group to reach accounts receivable. That’s why we offer prospects with an infinite variety of customers at no extra price.
Finance, gross sales, buyer success, and senior management will be given entry to the system so that every one eyes are on the identical knowledge. This additionally permits organizations to have a development mindset, understanding that increasing their group received’t harm the checking account relating to utilizing their AR answer.
Preserve prospects glad and knowledgeable with customized communications
Automation of accounts receivable processes is vital to success in a contemporary enterprise atmosphere, however firms nonetheless have to stability the advantages of expertise with prospects’ need for a private connection.
A survey by PricewaterhouseCoopers discovered that 75% of customers imagine that companies are dropping the human contact relating to service.
YayPay lets you leverage NetSuite knowledge to craft efficient, customized communications that improve buyer touchpoints and enhance cost reliability. Collections communications similar to cost reminders, invoicing, and inner escalations can all be automated, and tailor-made to the particular wants of the corporate being addressed. Actually, the communications may even be customized to particular positions inside an organization, in order that the fitting message will get to the fitting particular person each time.
“YayPay immediately permits my group to see our prospects’ days payable metrics. This has been invaluable in offering perception into our money circulate, serving to us anticipate challenges and make knowledgeable choices when rising credit score limits.”
Eben Paul, Chief Monetary Officer at Mammoth Carbon, YayPay and NetSuite Consumer
Take accounts receivable to the subsequent degree
Collectively, YayPay and NetSuite assist groups optimize their accounts receivable course of, decreasing days gross sales excellent (DSO) and rising money circulate, all whereas enhancing buyer expertise. This gives organizations with most return on funding (ROI). Actually, a examine by Forrester Consulting discovered that YayPay generates an ROI of over 400% over the course of three years.
To see YayPay in motion, signal as much as attend our free weekly demo.