Are you a QuickBooks person trying to elevate AR efficiency? You’ll want YayPay.
QuickBooks is a web-based accounting software program splendid for enterprise homeowners and administrators alike. With invoicing, bills, taxes and payroll capabilities included with QuickBooks, YayPay is the right add-on to increase your money assortment and accounts receivable capabilities as your enterprise grows.
Our person interface is straightforward to arrange and function, with customizable dashboard capabilities. And connecting QuickBooks with YayPay is a breeze by way of our seamless integration. This implies operations aren’t disrupted and your crew can get worth from YayPay as rapidly as potential.
So, what precisely does that “worth” appear like? Let’s discover 4 key advantages AR groups notice once they combine QuickBooks with YayPay.
Accelerated decision-making
The AR crew performs a essential function 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 duty, AR groups don’t have the know-how they should execute duties effectively. QuickBooks is an efficient software for storing and managing AR knowledge. Nevertheless, to extract worth from this data, you want a software that allows you to analyze it and take motion.
By means of YayPay’s integration, bill PDFs, bill objects and contacts on the bill and buyer degree are routinely downloaded from QuickBooks. YayPay combines this knowledge with buyer particulars out of your CRM and different knowledge sources and shows it on intuitive, real-time dashboards.
All the information you want in a single place for simpler AR administration
This provides your groups — whether or not it’s finance, gross sales or buyer success — a single supply of reality to work from. They not must change data between methods and workers to gauge the standing of buyer accounts. This drives sooner decision-making and ensures that point is spent on revenue-generating actions versus guide knowledge administration.
Superior account evaluation
Whenever you combine QuickBooks with YayPay, you may get to know your prospects — and the way in which they pay you — higher than ever earlier than. The YayPay “residence” 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 prospects based mostly on cost threat. This types a part of a wider buyer credit score profile that particulars common cost time, credit score restrict, common days overdue and seasonable cost habits (the place relevant). These insights are constructed from historic knowledge corresponding to paid invoices, outdated funds and credit score memos and the cost predictions offered are as much as 94% correct!
Nice Scott! You do not want a DeLorean to see your future money circulate. You simply want YayPay
Having this degree of visibility into your prospects’ habits helps shield your group from surprising challenges. Your crew can achieve an correct understanding of when invoices will likely be paid and this data can be utilized to generate dependable money circulate projections. These assist inform enterprise choices, elevating your AR crew from a again workplace useful resource to a strategic enterprise companion. One which performs a essential function in safeguarding the group’s monetary well being.
Buyer-centric communication
In fact, you may need to be certain that it’s not simply workers that notice the advantages of enhanced AR. In right now’s customer-focused atmosphere, you’re additionally devoted to sustaining an important expertise to your prospects. With YayPay, you’ll at all times have up-to-date buyer data at your fingertips as knowledge synchronization is automated, transferring in real-time between the 2 methods.
YayPay’s superior collections capabilities assist you to put this knowledge to make use of. You may 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 prospects pay on time and for these, you’ll need to create a low contact, white glove workflow that sends a delicate variety of reminders. Nevertheless, different prospects are much less dependable. On this case, you’ll need to contact them extra ceaselessly, making use of pressing collections emails that encourage them to take motion.
The power to not simply automate, however tailor communications based mostly on buyer sort lets you get essentially the most out of your buyer relationships. Not solely by way of how rapidly they pay, however how completely happy they’re to take action.
Subsequent-level cost capabilities
QuickBooks lets you rapidly difficulty invoices to your prospects. Nevertheless, as a contemporary enterprise, you want an built-in funds answer that permits your prospects 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 could:
Current your prospects with multi-format invoices
Present a safe cost portal
And automate the applying of incoming funds to open invoices inside QuickBooks
The advantage of with the ability to tailor your bill supply — whether or not you need to ship paperwork electronically, by way of bodily mail or each — is you could contact prospects 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 patrons 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 need to pay by way of wire, ACH or bank card. And so they can entry the portal at any time, from wherever.
Allow prospects to pay at any time, from wherever, with YayPay’s self-service cost portal
As soon as the cost is made, our platform does the remaining, matching incoming funds to open invoices. This additional frees up your crew.
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. Should you’re able to study extra about how YayPay advances your AR administration, contact our consultants under.
