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Are you a QuickBooks consumer seeking to elevate AR efficiency? You’ll want YayPay.
QuickBooks is an internet accounting software program superb for enterprise homeowners and administrators alike. With invoicing, bills, taxes and payroll capabilities included with QuickBooks, YayPay is the proper add-on to increase your money assortment and accounts receivable capabilities as what you are promoting grows.
Our consumer interface is straightforward to arrange and function, with customizable dashboard capabilities. And connecting QuickBooks with YayPay is a breeze through our seamless integration. This implies operations aren’t disrupted and your group can get worth from YayPay as rapidly as potential.
So, what precisely does that “worth” seem like? Let’s discover 4 key advantages AR groups notice after they combine QuickBooks with YayPay.
Accelerated decision-making
The AR group performs a crucial position in enterprise success. With out you, income wouldn’t come into the group, money wouldn’t be utilized to accounts and debt would construct with uncollected funds.
But, with such vital accountability, AR groups don’t have the know-how they should execute duties effectively. QuickBooks is an efficient instrument for storing and managing AR information. Nonetheless, to extract worth from this data, you want a instrument that lets you analyze it and take motion.
By way of YayPay’s integration, bill PDFs, bill objects and contacts on the bill and buyer degree are mechanically downloaded from QuickBooks. YayPay combines this information with buyer particulars out of your CRM and different information sources and shows it on intuitive, real-time dashboards.
This provides your groups — whether or not it’s finance, gross sales or buyer success — a single supply of reality to work from. They now not have to alternate data between programs and workers to gauge the standing of buyer accounts. This drives quicker decision-making and ensures that point is spent on revenue-generating actions versus handbook information administration.
Superior account evaluation
Once you combine QuickBooks with YayPay, you will get to know your clients — and the way in which they pay you — higher than ever earlier than. The YayPay “dwelling” dashboard not solely shows overdue AR stability and upcoming invoices due for cost. It additionally assigns a machine learning-driven cost rating to grade your clients primarily based on cost threat. This varieties a part of a wider buyer credit score profile that particulars common cost time, credit score restrict, common days overdue and seasonable cost conduct (the place relevant). These insights are constructed from historic information corresponding to paid invoices, previous funds and credit score memos and the cost predictions supplied are as much as 94% correct!
Nice Scott! You do not want a DeLorean to see your future money circulation. You simply want YayPay
Having this degree of visibility into your clients’ conduct helps shield your group from surprising challenges. Your group can achieve an correct understanding of when invoices might be paid and this data can be utilized to generate dependable money circulation projections. These assist inform enterprise choices, elevating your AR group from a again workplace useful resource to a strategic enterprise associate. One which performs a crucial position in safeguarding the group’s monetary well being.
Buyer-centric communication
In fact, you may wish to make sure that it’s not simply workers that notice the advantages of enhanced AR. In at present’s customer-focused setting, you’re additionally devoted to sustaining a terrific expertise to your clients. With YayPay, you’ll at all times have up-to-date buyer data at your fingertips as information synchronization is automated, transferring in real-time between the 2 programs.
YayPay’s superior collections capabilities assist you to put this information to make use of. You possibly can automate all actions corresponding to cost reminders, invoicing and inside escalations. The workflows are customizable and this lets you tailor your method for every buyer. We all know that some clients pay on time and for these, you’ll wish to create a low contact, white glove workflow that sends a mild variety of reminders. Nonetheless, different clients are much less dependable. On this case, you’ll wish to contact them extra incessantly, making use of pressing collections emails that encourage them to take motion.
The flexibility to not simply automate, however tailor communications primarily based on buyer kind lets you get probably the most out of your buyer relationships. Not solely when it comes to how rapidly they pay, however how blissful they’re to take action.
Subsequent-level cost capabilities
QuickBooks lets you rapidly challenge invoices to your clients. Nonetheless, as a contemporary enterprise, you want an built-in funds resolution that permits your clients to pay rapidly and simply. In any case, a sale is a present till it’s paid for!
YayPay is the one AR platform with built-in digital bill presentment and cost (EIPP). In easy phrases, this implies you can:
- Current your clients with multi-format invoices
- Present a safe cost portal
- And automate the applying of incoming funds to open invoices inside QuickBooks
The good thing about with the ability to tailor your bill supply — whether or not you wish to ship paperwork electronically, through bodily mail or each — is you can contact clients in the way in which that works for them. This helps mitigate the chance of late funds and improves interactions.
Our cost portal continues this customer-centric expertise by making it easy and simple for purchasers to pay. Clients can immediately see present and late invoices, in addition to stability due updates and cost historical past. They’ve versatile cost choices obtainable to them, whether or not they wish to pay through wire, ACH or bank card. And so they can entry the portal at any time, from anyplace.
Allow clients to pay at any time, from anyplace, with YayPay’s self-service cost portal
As soon as the cost is made, our platform does the remainder, matching incoming funds to open invoices. This additional frees up your group.
Do not hesitate – combine!
We’ve waxed lyrical about YayPay’s capabilities and the enterprise case for integrating your QuickBooks ERP with our automated AR platform. However there’s nothing fairly like seeing it for your self. For those who’re able to be taught extra about how YayPay advances your AR administration, contact our consultants beneath.
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