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 experiences, 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 data 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 reality
Utilizing YayPay, clients are capable of carry out all important AR duties from a single location. As a result of the software communicates immediately 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 information entry, lowering the opportunity of consumer error. This, in flip, helps groups keep away from the delays – corresponding 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, corresponding to funds and buyer credit score limits, are synchronized from YayPay again to NetSuite. This ensures that your accounting staff can see the newest buyer exercise, eliminating the opportunity of pointless holds, and serving to shortly establish accounts which can be liable to falling behind.
All of this offers customers with an unmatched degree of transparency, eliminating information 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.
Observe information from a customized AR dashboard
Having a single supply of reality from which to function is incredible, however it doesn’t imply rather a lot should you nonetheless need to spend an inordinate period of time trying to find and manually analyzing buyer data. In spite of everything, information with out context is simply noise.
YayPay offers customers with a customizable, user-friendly dashboard that incorporates all your accounts receivable data. Reviews corresponding to top-rated consumers and past-due invoices could be displayed. Fast entry to real-time DSO, present account data, dynamic ageing, fee predictions, payor traits, and automatic collections information, permit AR groups to watch the credit-to-cash cycle from end-to-end, shortly figuring out bottlenecks and potential downside areas.
“YayPay offered rapid worth. Having the ability to immediately establish excellent invoices and comply with up with clients armed with correct, real-time data helped shortly cut back our late invoices.”
Jaime Beadnell, Billing and Collections Supervisor at CorneaGen, YayPay and NetSuite Person
Get whole entry with limitless customers
Some accounts receivable softwares nickel and dime you with charges and add-ons for issues like including further licenses. YayPay understands that it takes a staff to reach accounts receivable. That’s why we offer clients with an infinite variety of customers at no further value.
Finance, gross sales, buyer success, and senior management could be given entry to the system so that every one eyes are on the identical information. This additionally permits organizations to have a progress mindset, figuring out that increasing their staff gained’t harm the checking account relating to utilizing their AR answer.
Preserve clients completely satisfied and knowledgeable with customized communications
Automation of accounts receivable processes is essential to success in a contemporary enterprise surroundings, however corporations nonetheless must stability the advantages of expertise with clients’ want for a private connection.
A survey by PricewaterhouseCoopers discovered that 75% of shoppers imagine that companies are shedding the human contact relating to service.
YayPay means that you can leverage NetSuite information to craft efficient, customized communications that improve buyer touchpoints and enhance fee reliability. Collections communications corresponding to fee reminders, invoicing, and inner escalations can all be automated, and tailor-made to the precise 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 particular person each time.
“YayPay immediately permits my staff to see our clients’ days payable metrics. This has been invaluable in offering perception into our money circulation, serving to us anticipate challenges and make knowledgeable selections when rising 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, reducing days gross sales excellent (DSO) and rising money circulation, all whereas bettering buyer expertise. This offers organizations with most return on funding (ROI). In truth, 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.
