Are you a QuickBooks person trying to elevate AR efficiency? You’ll want YayPay.
QuickBooks is a web-based accounting software program supreme for enterprise house owners 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 what you are promoting grows.
Our person 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 staff can get worth from YayPay as shortly as doable.
So, what precisely does that “worth” seem like? Let’s discover 4 key advantages AR groups understand once they combine QuickBooks with YayPay.
Accelerated decision-making
The AR staff 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 duty, AR groups don’t have the expertise they should execute duties effectively. QuickBooks is an efficient device for storing and managing AR knowledge. Nevertheless, to extract worth from this data, you want a device that allows you to analyze it and take motion.
Via YayPay’s integration, bill PDFs, bill objects and contacts on the bill and buyer stage 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 info 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 trade data between methods and staff to gauge the standing of buyer accounts. This drives sooner decision-making and ensures that point is spent on revenue-generating actions versus handbook knowledge administration.
Superior account evaluation
If 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 based mostly 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 habits (the place relevant). These insights are constructed from historic knowledge comparable 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 circulation. You simply want YayPay
Having this stage of visibility into your clients’ habits helps shield your group from surprising challenges. Your staff can acquire an correct understanding of when invoices shall be paid and this data can be utilized to generate dependable money circulation projections. These assist inform enterprise selections, elevating your AR staff from a again workplace useful resource to a strategic enterprise accomplice. One which performs a crucial position in safeguarding the group’s monetary well being.
Buyer-centric communication
After all, you may wish to make sure that it’s not simply staff that understand the advantages of enhanced AR. In immediately’s customer-focused setting, you’re additionally devoted to sustaining a terrific expertise in your clients. With YayPay, you’ll all the time 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 mean you can put this knowledge to make use of. You possibly can automate all actions comparable 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 delicate variety of reminders. Nevertheless, different clients are much less dependable. On this case, you’ll wish to contact them extra steadily, making use of pressing collections emails that encourage them to take motion.
The flexibility to not simply automate, however tailor communications based mostly on buyer sort permits you to get probably the most out of your buyer relationships. Not solely by way of how shortly they pay, however how joyful they’re to take action.
Subsequent-level cost capabilities
QuickBooks permits you to shortly challenge invoices to your clients. Nevertheless, as a contemporary enterprise, you want an built-in funds answer that permits your clients to pay shortly and simply. In spite of everything, 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 advantage of 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 straightforward 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 wish to pay through wire, ACH or bank card. They usually can entry the portal at any time, from wherever.
Allow clients 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 remainder, matching incoming funds to open invoices. This additional frees up your staff.
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 be taught extra about how YayPay advances your AR administration, contact our consultants under.
