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NetSuite is a superb instrument. However with out the correct 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 trade stories, and carried out our personal hands-on analysis to know what organizations must get probably the most out of their ERP. We’ve used all this info to tell our design of YayPay, creating an automatic accounts receivable answer that integrates with and compliments NetSuite. This ensures that you just’re capable of get probably the most out of each instruments.
Work from a single supply of fact
Utilizing YayPay, clients are capable of carry out all important AR duties from a single location. As a result of the instrument communicates straight with the ERP, bill PDFs and buyer notes are mechanically synced, as are the suitable buyer and bill degree contacts. This eliminates the necessity for guide knowledge entry, decreasing the potential for person error. This, in flip, helps groups keep away from the delays – reminiscent of bill disputes – that may come up from one thing so simple as a typo.
Based on ShareSpace, incorrect invoices trigger 61% of late funds.
Equally, info from throughout the AR software program, reminiscent of funds and buyer credit score limits, are synchronized from YayPay again to NetSuite. This ensures that your accounting group can see the most recent buyer exercise, eliminating the potential for pointless holds, and serving to shortly determine accounts which might be vulnerable 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 operate 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 improbable, but it surely doesn’t imply rather a lot in the event you nonetheless must spend an inordinate period of time trying to find and manually analyzing buyer info. In spite of everything, knowledge with out context is simply noise.
YayPay gives customers with a customizable, user-friendly dashboard that incorporates all your accounts receivable info. Stories reminiscent of top-rated consumers and past-due invoices will be displayed. Fast entry to real-time DSO, present account info, dynamic ageing, fee predictions, payor traits, and automatic collections knowledge, permit AR groups to observe the credit-to-cash cycle from end-to-end, shortly figuring out bottlenecks and potential downside areas.
“YayPay supplied speedy worth. With the ability to immediately determine excellent invoices and comply with up with clients armed with correct, real-time info helped shortly scale back our late invoices.”
Jaime Beadnell, Billing and Collections Supervisor at CorneaGen, YayPay and NetSuite Person
Get complete 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 achieve accounts receivable. That’s why we offer clients with a vast 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 progress mindset, figuring out that increasing their group received’t harm the checking account relating to utilizing their AR answer.
Hold clients glad and knowledgeable with customized communications
Automation of accounts receivable processes is vital to success in a contemporary enterprise atmosphere, however corporations nonetheless must stability the advantages of know-how with clients’ need for a private connection.
A survey by PricewaterhouseCoopers discovered that 75% of customers consider that companies are shedding the human contact relating to service.
YayPay permits you to leverage NetSuite knowledge to craft efficient, customized communications that improve buyer touchpoints and enhance fee reliability. Collections communications reminiscent of fee reminders, invoicing, and inner escalations can all be automated, and tailor-made to the particular wants of the corporate being addressed. In truth, the communications may even be customized to particular positions inside an organization, in order that the precise message will get to the precise individual each time.
“YayPay immediately permits my group to see our clients’ days payable metrics. This has been invaluable in offering perception into our money stream, serving to us anticipate challenges and make knowledgeable selections when growing credit score limits.”
Eben Paul, Chief Monetary Officer at Mammoth Carbon, YayPay and NetSuite Person
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 growing money stream, all whereas enhancing buyer expertise. This gives organizations with most return on funding (ROI). In truth, 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.
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