NetSuite is a good device. 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 reviews, and carried out our personal hands-on analysis to know what organizations have to get essentially the most out of their ERP. We’ve used all this info to tell our design of YayPay, creating an automatic accounts receivable resolution 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 device communicates immediately with the ERP, bill PDFs and buyer notes are robotically synced, as are the suitable buyer and bill stage contacts. This eliminates the necessity for guide information entry, decreasing the potential of person error. This, in flip, helps groups keep away from the delays – equivalent to bill disputes – that may come up from one thing so simple as a typo.
In accordance with ShareSpace, incorrect invoices trigger 61% of late funds.
Equally, info from throughout the AR software program, equivalent to funds and buyer credit score limits, are synchronized from YayPay again to NetSuite. This ensures that your accounting crew can see the most recent buyer exercise, eliminating the potential of pointless holds, and serving to rapidly determine accounts which are susceptible to falling behind.
All of this supplies customers with an unmatched stage of transparency, eliminating information silos. This does not merely assist AR groups to operate higher. It additionally will increase buyer satisfaction, resulting in an elevated lifetime worth of accounts.
Monitor information from a customized AR dashboard
Having a single supply of fact from which to function is unbelievable, but it surely doesn’t imply quite a bit if you happen to nonetheless should spend an inordinate period of time looking for and manually analyzing buyer info. In spite of everything, information with out context is simply noise.
YayPay supplies customers with a customizable, user-friendly dashboard that accommodates your entire accounts receivable info. Studies equivalent to top-rated patrons and past-due invoices could be displayed. Fast entry to real-time DSO, present account info, dynamic ageing, fee predictions, payor traits, and automatic collections information, permit AR groups to watch the credit-to-cash cycle from end-to-end, rapidly figuring out bottlenecks and potential downside areas.
“YayPay offered rapid worth. With the ability to immediately determine excellent invoices and observe up with prospects armed with correct, real-time info helped rapidly cut 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 crew to reach accounts receivable. That’s why we offer prospects with a limiteless variety of customers at no extra price.
Finance, gross sales, buyer success, and senior management could be given entry to the system so that each one eyes are on the identical information. This additionally permits organizations to have a development mindset, figuring out that increasing their crew received’t harm the checking account in the case of utilizing their AR resolution.
Hold prospects joyful and knowledgeable with personalised communications
Automation of accounts receivable processes is essential to success in a contemporary enterprise setting, however corporations 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 shedding the human contact in the case of service.
YayPay lets you leverage NetSuite information to craft efficient, personalised communications that improve buyer touchpoints and enhance fee reliability. Collections communications equivalent to fee reminders, invoicing, and inner escalations can all be automated, and tailor-made to the precise wants of the corporate being addressed. In actual fact, the communications may even be personalised to particular positions inside an organization, in order that the best message will get to the best individual each time.
“YayPay immediately allows my crew 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 growing credit score limits.”
Eben Paul, Chief Monetary Officer at Mammoth Carbon, YayPay and NetSuite Consumer
Take accounts receivable to the following stage
Collectively, YayPay and NetSuite assist groups optimize their accounts receivable course of, decreasing days gross sales excellent (DSO) and growing money circulate, all whereas enhancing buyer expertise. This supplies organizations with most return on funding (ROI). In actual fact, a research 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.
