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ABOUT YAYPAY
YayPay is at the forefront of back office automation and machine learning. Finance teams experience a substantial ROI through reducing outstanding AR, reducing bad debt, saving money on payment fees, streamlining operations, and more. Recognized as a Leader by IDC, YayPay has also received numerous awards as well as acknowledgementfrom
MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of WHAT IS THE COLLECTION EFFECTIVENESS INDEX? The collection effectiveness index (CEI) is used to measure the ability of the collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables, thus indicating if the collections team is achieving a high rate (over 80%) or if there is cause for further investigation into collections practices. WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. WHAT IS YOUR BAD DEBT TO SALES RATIO? The first method is known as the direct write-off method, which uses the actual uncollectible amount of debt divided by the accounts receivable for the defined period. This is how the formula works for a 12 month period: (Uncollectible sales divided by annual sales) multiplied by 100 equals Bad Debt Ratio (%). Sales = $10 million. SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo.ABOUT YAYPAY
YayPay is at the forefront of back office automation and machine learning. Finance teams experience a substantial ROI through reducing outstanding AR, reducing bad debt, saving money on payment fees, streamlining operations, and more. Recognized as a Leader by IDC, YayPay has also received numerous awards as well as acknowledgementfrom
MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of WHAT IS THE COLLECTION EFFECTIVENESS INDEX? The collection effectiveness index (CEI) is used to measure the ability of the collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables, thus indicating if the collections team is achieving a high rate (over 80%) or if there is cause for further investigation into collections practices. WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. WHAT IS YOUR BAD DEBT TO SALES RATIO? The first method is known as the direct write-off method, which uses the actual uncollectible amount of debt divided by the accounts receivable for the defined period. This is how the formula works for a 12 month period: (Uncollectible sales divided by annual sales) multiplied by 100 equals Bad Debt Ratio (%). Sales = $10 million.ABOUT YAYPAY
Among Quadient’s Intelligent Communication Automation solutions, YayPay by Quadient’s core purpose is to revolutionize the future of work for finance teams.Our smart and modern Accounts Receivable solution changes the game by vastly improving the order-toLOG IN | YAYPAY
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ACCOUNTING SOFTWARE PARTNER PROGRAMS We’re the partner who drives more revenue, in less time, for you and your customers. Most YayPay users see our 30/30 improvement - a 30% bump in collections within 30 days of going live. They like that a lot. And they’ll like you if you’re the one responsible. We’re easy to implement, easy to WHAT IS ADVANCE BILLING AND HOW TO ACCOUNT FOR IT Advance billing is a smart way to manage payments from customers, especially for recurring services, but it does take some planning and attention to your accounts to ensure you are attributing the correct amounts to your revenue. This gives you better and more accurate forecasting of cash flow, which means you have reliable information onwhich
WHAT IS YOUR BAD DEBT TO SALES RATIO? The first method is known as the direct write-off method, which uses the actual uncollectible amount of debt divided by the accounts receivable for the defined period. This is how the formula works for a 12 month period: (Uncollectible sales divided by annual sales) multiplied by 100 equals Bad Debt Ratio (%). Sales = $10 million. BENEFITS OF TRACKING ACCOUNTS RECEIVABLE TURNOVER RATIO Benefits of Tracking Accounts Receivable Turnover Ratio. Tracking the AR turnover KPI, alone, isn’t ’ enough; you should also be analyzing underlying issues and creating actionable strategies from the data so you can achieve targeted benefits, including: Enhanced cash flow. Lower utilization of lines of credit. Greater customersatisfaction.
WHAT IS AN AGED TRIAL BALANCE REPORT? An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. One report isn’t better than the other; it is a matter of the information you need and your goals forthe report.
5 ACCOUNTS RECEIVABLE & COLLECTION STATISTICS THAT SHOULD 1. On average, companies write off 1.5% of their receivables as bad debt. For a $50M company, that means a $750K expense every year! 2. 93% of businesses experience late payments from customers. 3. 47% of credit sales are paid late. 4. Average payment terms are 27 days, but actual payment period averages 34 days. 5. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = HOW TO DEAL WITH RISK ASSESSMENTS IN ACCOUNTS RECEIVABLES Consider the costs to your business. Part of your risk assessment strategy should include understanding the hidden costs associated with risk management. While the actual value of an overdue invoice is obvious, calculate the financial impact to your business for the soft costs, such as onboarding and training, legal fees and new software toaid
SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe. INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
CONTACT YAYPAY
US SFDC FORM NAME. SFDC Member Status. AssignmentLeadChannelUK. GCLID. YayPay needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting yourprivacy
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of WHAT IS THE COLLECTION EFFECTIVENESS INDEX? The collection effectiveness index (CEI) is used to measure the ability of the collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables, thus indicating if the collections team is achieving a high rate (over 80%) or if there is cause for further investigation into collections practices. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe. INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
CONTACT YAYPAY
US SFDC FORM NAME. SFDC Member Status. AssignmentLeadChannelUK. GCLID. YayPay needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting yourprivacy
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of WHAT IS THE COLLECTION EFFECTIVENESS INDEX? The collection effectiveness index (CEI) is used to measure the ability of the collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables, thus indicating if the collections team is achieving a high rate (over 80%) or if there is cause for further investigation into collections practices. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO =ABOUT YAYPAY
YayPay is at the forefront of back office automation and machine learning. Finance teams experience a substantial ROI through reducing outstanding AR, reducing bad debt, saving money on payment fees, streamlining operations, and more. Recognized as a Leader by IDC, YayPay has also received numerous awards as well as acknowledgementfrom
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MEASURE AND MANAGE AR SUCCESS How to avoid "analysis paralysis" and quickly determine which metrics matter most to your business and bottom line. How to effectively leverage data to identify trends, improve collaboration, and promote your team.; What granular data you should be tracking to evaluate individual performance and pinpoint essential improvements.; Why customer satisfaction is an important AR KPI and how you can CONDUCT A COMPREHENSIVE AR RISK ASSESSMENT AR risk assessments are traditionally managed on an annual basis. However, in the case of unusual market situations, such as a pandemic, assessing risk more regularly is highly advisable. In this 30-minute webinar, we will show you the steps you need to take to conduct a comprehensive AR risk assessment. Our finance expert, Sarah-JayneMartin
HOW TO MASTER AR: DRIVE FAST AND EFFECTIVE COLLECTIONS In this webinar, we will share best practices that enable you to establish a world-class collection process through optimized communications, more effective customer touchpoints, and a proven workflow. It's time to get paid! This is the third webinar in our ‘How to Master AR’ monthly webinar series. Our first and secondwebinars can be
WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. WHAT IS AN AGED TRIAL BALANCE REPORT? An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. One report isn’t better than the other; it is a matter of the information you need and your goals forthe report.
RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = 5 ACCOUNTS RECEIVABLE & COLLECTION STATISTICS THAT SHOULD 1. On average, companies write off 1.5% of their receivables as bad debt. For a $50M company, that means a $750K expense every year! 2. 93% of businesses experience late payments from customers. 3. 47% of credit sales are paid late. 4. Average payment terms are 27 days, but actual payment period averages 34 days. 5. WHAT IS AVERAGE DAYS DELINQUENT? Average days delinquent (ADD) is the average day’s invoices are past due, the amount of time between invoice due date and the date it is paid. This is a snapshot in time that will help your company evaluate, along with other calculations, the overall performance of your collections department and your ability to convert AR to cash. SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue.ABOUT YAYPAY
Among Quadient’s Intelligent Communication Automation solutions, YayPay by Quadient’s core purpose is to revolutionize the future of work for finance teams.Our smart and modern Accounts Receivable solution changes the game by vastly improving the order-toABOUT YAYPAY
YayPay is a smart AR solution that frees your finance team to focus on lower DSOs, deeper customer relationships, strategic insights, andmore revenue.
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE A Finance Professional specializing in the areas of Credit Management, Payment Processing, Collections and Accounts Receivable. Possessing over 20 years’ experience in the field managing large global teams with a strong focus on improving efficiency within the Order to Cashcycle.
WHAT IS BEST POSSIBLE DSO? While Standard DSO measures current and overdue invoices, Best Possible Days Sales Outstanding (or Best DSO) measures only current invoices. Tracking the delta between Best DSO and Standard DSO will ensure that you are optimizing your business’ account receivable (AR) management practices and help identify opportunities to improvecash flow.
A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST From the moment an order comes in, the order to cash cycle begins. This is what a typical day in the life of an AR specialist might looklike.
MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM YayPay leadership is a group of innovative thinkers driven by passion and experience. Meet the team dedicated to solving your accountsreceivable issues.
WHAT IS THE COLLECTION EFFECTIVENESS INDEX? The collection effectiveness index (CEI) is used to measure the ability of the collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables, thus indicating if the collections team is achieving a high rate (over 80%) or if there is cause for further investigation into collections practices. WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. WHAT IS YOUR BAD DEBT TO SALES RATIO? Along with understanding your DSO and Aging reports, Bad Debt to Sales Ratio offers another view into your business health and operations, providing valuable data to improve your AR processes SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue.ABOUT YAYPAY
Among Quadient’s Intelligent Communication Automation solutions, YayPay by Quadient’s core purpose is to revolutionize the future of work for finance teams.Our smart and modern Accounts Receivable solution changes the game by vastly improving the order-toABOUT YAYPAY
YayPay is a smart AR solution that frees your finance team to focus on lower DSOs, deeper customer relationships, strategic insights, andmore revenue.
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE A Finance Professional specializing in the areas of Credit Management, Payment Processing, Collections and Accounts Receivable. Possessing over 20 years’ experience in the field managing large global teams with a strong focus on improving efficiency within the Order to Cashcycle.
WHAT IS BEST POSSIBLE DSO? While Standard DSO measures current and overdue invoices, Best Possible Days Sales Outstanding (or Best DSO) measures only current invoices. Tracking the delta between Best DSO and Standard DSO will ensure that you are optimizing your business’ account receivable (AR) management practices and help identify opportunities to improvecash flow.
A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST From the moment an order comes in, the order to cash cycle begins. This is what a typical day in the life of an AR specialist might looklike.
MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM YayPay leadership is a group of innovative thinkers driven by passion and experience. Meet the team dedicated to solving your accountsreceivable issues.
WHAT IS THE COLLECTION EFFECTIVENESS INDEX? The collection effectiveness index (CEI) is used to measure the ability of the collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables, thus indicating if the collections team is achieving a high rate (over 80%) or if there is cause for further investigation into collections practices. WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. WHAT IS YOUR BAD DEBT TO SALES RATIO? Along with understanding your DSO and Aging reports, Bad Debt to Sales Ratio offers another view into your business health and operations, providing valuable data to improve your AR processesABOUT YAYPAY
Among Quadient’s Intelligent Communication Automation solutions, YayPay by Quadient’s core purpose is to revolutionize the future of work for finance teams.Our smart and modern Accounts Receivable solution changes the game by vastly improving the order-toLOG IN | YAYPAY
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ACCOUNTING SOFTWARE PARTNER PROGRAMS YayPay partners with ERP suites, accounting firms, and VARs. Integrate our accounting software partner programs into your existing systems to help enhance your offerings. HOW TO DEAL WITH RISK ASSESSMENTS IN ACCOUNTS RECEIVABLES Nicole Dwyer is Chief Product Officer for YayPay, bringing more than 10 years’ experience in accounts payable and receivable technology to ensure YayPay continues to meet the needs of WHAT IS AVERAGE DAYS DELINQUENT? Average days delinquent (ADD) is the average day’s invoices are past due, the amount of time between invoice due date and the date it ispaid.
5 ACCOUNTS RECEIVABLE & COLLECTION STATISTICS THAT SHOULD Eugene is the CTO and co-founder of YayPay, specializing in building enterprise applications for the financial industry. He is responsible for YayPay’s product delivery, strategic technology vision, and core product architecture. WHAT IS AN AGED TRIAL BALANCE REPORT? An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. WHAT IS YOUR BAD DEBT TO SALES RATIO? Along with understanding your DSO and Aging reports, Bad Debt to Sales Ratio offers another view into your business health and operations, providing valuable data to improve your AR processes BENEFITS OF TRACKING ACCOUNTS RECEIVABLE TURNOVER RATIO Accounts receivable management is at the core of your ability to operate a business. Learn about the benefits of tracking accounts receivable turnover ratio. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Tracking performance of an Accounts Receivable team is done, in part, by assessing key performance indicators (KPIs). Since cash flow is necessary for operations, collecting what’s owed to SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo. MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
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CONTACT YAYPAY
US SFDC FORM NAME. SFDC Member Status. AssignmentLeadChannelUK. GCLID. YayPay needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting yourprivacy
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo. MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
LOG IN | YAYPAY
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US SFDC FORM NAME. SFDC Member Status. AssignmentLeadChannelUK. GCLID. YayPay needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting yourprivacy
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO =ABOUT YAYPAY
YayPay is at the forefront of back office automation and machine learning. Finance teams experience a substantial ROI through reducing outstanding AR, reducing bad debt, saving money on payment fees, streamlining operations, and more. Recognized as a Leader by IDC, YayPay has also received numerous awards as well as acknowledgementfrom
INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
MEASURE AND MANAGE AR SUCCESS How to avoid "analysis paralysis" and quickly determine which metrics matter most to your business and bottom line. How to effectively leverage data to identify trends, improve collaboration, and promote your team.; What granular data you should be tracking to evaluate individual performance and pinpoint essential improvements.; Why customer satisfaction is an important AR KPI and how you can CONDUCT A COMPREHENSIVE AR RISK ASSESSMENT AR risk assessments are traditionally managed on an annual basis. However, in the case of unusual market situations, such as a pandemic, assessing risk more regularly is highly advisable. In this 30-minute webinar, we will show you the steps you need to take to conduct a comprehensive AR risk assessment. Our finance expert, Sarah-JayneMartin
AR MANAGEMENT REVIEWS AND CLIENT SUCCESS STORIES Industry Accolades. "The YayPay software-as-a-service collections offering, designed for companies handling up to 500,000 invoices per month, is simple but elegant." "YayPay will specifically help free up employees to perform other tasks, reduce the risk of errors, WHAT IS YOUR BAD DEBT TO SALES RATIO? The first method is known as the direct write-off method, which uses the actual uncollectible amount of debt divided by the accounts receivable for the defined period. This is how the formula works for a 12 month period: (Uncollectible sales divided by annual sales) multiplied by 100 equals Bad Debt Ratio (%). Sales = $10 million. WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = WHAT IS AVERAGE DAYS DELINQUENT? Average days delinquent (ADD) is the average day’s invoices are past due, the amount of time between invoice due date and the date it is paid. This is a snapshot in time that will help your company evaluate, along with other calculations, the overall performance of your collections department and your ability to convert AR to cash. WHAT IS AN AGED TRIAL BALANCE REPORT? An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. One report isn’t better than the other; it is a matter of the information you need and your goals forthe report.
SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo. MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
LOG IN | YAYPAY
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CONTACT YAYPAY
US SFDC FORM NAME. SFDC Member Status. AssignmentLeadChannelUK. GCLID. YayPay needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting yourprivacy
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo. MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we don INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
LOG IN | YAYPAY
Log In | YayPay
CONTACT YAYPAY
US SFDC FORM NAME. SFDC Member Status. AssignmentLeadChannelUK. GCLID. YayPay needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting yourprivacy
THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALIST This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO =ABOUT YAYPAY
YayPay is at the forefront of back office automation and machine learning. Finance teams experience a substantial ROI through reducing outstanding AR, reducing bad debt, saving money on payment fees, streamlining operations, and more. Recognized as a Leader by IDC, YayPay has also received numerous awards as well as acknowledgementfrom
INTEGRATE ACCOUNTS RECEIVABLE SOFTWARE WITH YOUR ERP YayPay - an official Marketplace partner - seamlessly integrates with Sage Intacct to unlock its full capabilities with: Access to one system for all your Accounts Receivable needs. Capability to add collections automation to Sage Intacct. Real invoicing functionality -a smooth flow
MEASURE AND MANAGE AR SUCCESS How to avoid "analysis paralysis" and quickly determine which metrics matter most to your business and bottom line. How to effectively leverage data to identify trends, improve collaboration, and promote your team.; What granular data you should be tracking to evaluate individual performance and pinpoint essential improvements.; Why customer satisfaction is an important AR KPI and how you can CONDUCT A COMPREHENSIVE AR RISK ASSESSMENT AR risk assessments are traditionally managed on an annual basis. However, in the case of unusual market situations, such as a pandemic, assessing risk more regularly is highly advisable. In this 30-minute webinar, we will show you the steps you need to take to conduct a comprehensive AR risk assessment. Our finance expert, Sarah-JayneMartin
AR MANAGEMENT REVIEWS AND CLIENT SUCCESS STORIES Industry Accolades. "The YayPay software-as-a-service collections offering, designed for companies handling up to 500,000 invoices per month, is simple but elegant." "YayPay will specifically help free up employees to perform other tasks, reduce the risk of errors, WHAT IS YOUR BAD DEBT TO SALES RATIO? The first method is known as the direct write-off method, which uses the actual uncollectible amount of debt divided by the accounts receivable for the defined period. This is how the formula works for a 12 month period: (Uncollectible sales divided by annual sales) multiplied by 100 equals Bad Debt Ratio (%). Sales = $10 million. WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = WHAT IS AVERAGE DAYS DELINQUENT? Average days delinquent (ADD) is the average day’s invoices are past due, the amount of time between invoice due date and the date it is paid. This is a snapshot in time that will help your company evaluate, along with other calculations, the overall performance of your collections department and your ability to convert AR to cash. WHAT IS AN AGED TRIAL BALANCE REPORT? An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. One report isn’t better than the other; it is a matter of the information you need and your goals forthe report.
SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo. MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we donLOG IN | YAYPAY
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ACCOUNTING SOFTWARE PARTNER PROGRAMS We’re the partner who drives more revenue, in less time, for you and your customers. Most YayPay users see our 30/30 improvement - a 30% bump in collections within 30 days of going live. They like that a lot. And they’ll like you if you’re the one responsible. We’re easy to implement, easy to THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALISTDAYS IN ACCOUNTS RECEIVABLE RATIOACCOUNTS RECEIVABLE TURNOVERCALCULATE ACCOUNTS RECEIVABLE DAYSHOW TO CALCULATE DAYS IN ACCOUNTS RECEIVABLEACCOUNTS RECEIVABLE DAYS FORMULADAYS SALES IN ACCOUNT RECEIVABLES FORMULA This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = SMART ACCOUNTS RECEIVABLE MANAGEMENT SOFTWARE YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: Reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing (or accelerating!) revenue. REQUEST A DEMO. YayPay by Quadient - Smart AR for Smart Teams from YayPay by Quadient on Vimeo. MEET YAYPAY'S LEADERSHIP TEAM BEHIND AR COLLECTIONS PLATFORM Director of Finance. Zain is responsible for finance across the company, he led the acquisition made by Quadient in July 2020. Prior to joining YayPay, Zain was Finance Director at software start-up, Planday, supporting a successful funding round. Zain has worked in various M&A positions, leading business transactions across Europe.ABOUT YAYPAY
Everything we do is inspired, informed, and driven by data and facts. And we face facts, too. We apply radical truth and transparency to all our interactions, because we know that’s the only way to continually improve. We’re the best at what we do. Whether it’s reinventing accounts receivable or making coffee, we do it right - or we donLOG IN | YAYPAY
Log In | YayPay
ACCOUNTING SOFTWARE PARTNER PROGRAMS We’re the partner who drives more revenue, in less time, for you and your customers. Most YayPay users see our 30/30 improvement - a 30% bump in collections within 30 days of going live. They like that a lot. And they’ll like you if you’re the one responsible. We’re easy to implement, easy to THE KEY METRICS YOU NEED TO MEASURE ACCOUNTS RECEIVABLE “In God we trust. All others must bring data.” W. Edwards Deming. W. Edwards Deming was an expert in management philosophy. He built business models which brought huge success to the companies that adopted them in the 1950s and 60s, both in terms of optimizing their productivity and dramatically reducing cost. A DAY IN THE LIFE OF AN ACCOUNTS RECEIVABLE SPECIALISTDAYS IN ACCOUNTS RECEIVABLE RATIOACCOUNTS RECEIVABLE TURNOVERCALCULATE ACCOUNTS RECEIVABLE DAYSHOW TO CALCULATE DAYS IN ACCOUNTS RECEIVABLEACCOUNTS RECEIVABLE DAYS FORMULADAYS SALES IN ACCOUNT RECEIVABLES FORMULA This is what a typical day in the life of an AR specialist might look like: 9 am: Check if invoices were sent out the night before. If not, mail them manually or electronically. It’s important to get cash in the door ASAP, so this task is often front loaded. 9:30 am: Go through received checks. Each must be individually opened, the account WHAT IS BEST POSSIBLE DSO? Best DSO uses only your current (not yet past due) receivables and tells you what your best “on-time payment” turnaround is going to be. Best DSO = (current receivables / total credit sales) x number of days. If your Best DSO is 15 days, this means your on-time customers typically pay their invoice within 15 days of WHAT IS A DOUBTFUL ACCOUNT? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on credit, establishing an allowance of doubtful accounts is an important tool for your balance sheet and income statement. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO =ABOUT YAYPAY
YayPay is at the forefront of back office automation and machine learning. Finance teams experience a substantial ROI through reducing outstanding AR, reducing bad debt, saving money on payment fees, streamlining operations, and more. Recognized as a Leader by IDC, YayPay has also received numerous awards as well as acknowledgementfrom
ACCOUNTING SOFTWARE PARTNER PROGRAMS We’re the partner who drives more revenue, in less time, for you and your customers. Most YayPay users see our 30/30 improvement - a 30% bump in collections within 30 days of going live. They like that a lot. And they’ll like you if you’re the one responsible. We’re easy to implement, easy to FIVE KEYS TO MANAGING AR RISK IN AN UNCERTAIN ECONOMY Where Are We Today? We’re halfway through 2021, and some regions are exploring post-pandemic policies. There’s still not a clear path to full economic recovery, and many of the changes and temporary “fixes” we implemented in 2020 are starting to look permanent. REQUEST A WORKFLOW DEMO YayPay AR enables finance teams to accurately perform cash flow forecasting, automated collections communications, and more. Request a demo today to see the platform in action. RECEIVABLES TURNOVER VERSUS DAYS SALES OUTSTANDING Days Sales Outstanding is a ratio that measures the number of days, on average, it takes your company to collect from your customers and clients. Calculation inputs are the ending accounts receivable balance for the period and credit sales for the same period. DSO = WHY PREDICTING THE FUTURE MAKES FOR INTELLIGENT ACCOUNTS In this instance, the predictions for the first 30 days is the most accurate at around 90%, and at 80% accuracy for the 90+ bucket. We expect these models to improve significantly in performance as we integrate more internal and external sources of data into our models. Right now, we start with invoice-level data and payer/payee-levelbehavior
WHAT IS AN AGED TRIAL BALANCE REPORT? An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. One report isn’t better than the other; it is a matter of the information you need and your goals forthe report.
5 ACCOUNTS RECEIVABLE & COLLECTION STATISTICS THAT SHOULD 1. On average, companies write off 1.5% of their receivables as bad debt. For a $50M company, that means a $750K expense every year! 2. 93% of businesses experience late payments from customers. 3. 47% of credit sales are paid late. 4. Average payment terms are 27 days, but actual payment period averages 34 days. 5. WHAT IS AVERAGE DAYS DELINQUENT? Average days delinquent (ADD) is the average day’s invoices are past due, the amount of time between invoice due date and the date it is paid. This is a snapshot in time that will help your company evaluate, along with other calculations, the overall performance of your collections department and your ability to convert AR to cash. ACCOUNTS RECEIVABLE ACRONYMS FOR REFERENCE ARE: An accounts receivable entry is a single ACH debit to a consumer’s account originated from converting a consumer check (source document) delivered to an Originator via the U.S. mail, a drop box location, or in person for a payment of a bill at a manned location. ARF: Accounts receivable financing is essentially the purchase of the face* Product
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The complete accounts receivable management platform that gives your team MORE TIME, MORE INSIGHT, and MORE CONTROL.HOW IT WORKS
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reduction of 34%
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YayPay by Quadient’s accounts receivable management platform gives you the freedom to focus on what really matters: REDUCING DSO, DEEPENING CUSTOMER CONNECTIONS, ACCURATELY PREDICTING CASH FLOW, AND INCREASING (OR ACCELERATING!) REVENUE.REQUEST A DEMO
THE YAYPAY SOLUTION
Our platform is an end-to-end AR automation solution - powered by AIand
data-driven insights - that makes teams more effective and moreefficient.
CREDIT ASSESSMENT
Our predictive analytics help you identify your at-risk customers, so you can work together and prevent problems before they start.COLLECTIONS CRM
Our centralized portal lets you see all your collections and customer communications in one place. Put end-to-end account data at yourfingertips.
PAYMENTS AND CASH APP Speed up and simplify payments by giving your customers more visibility, more options, and more control - while improving youroversight.
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YayPay seamlessly integrates with all your systems, to give you everything you need in one place. We also support payment providers for credit card processing, so you get paid faster. We are ERP agnostic and can integrate with whichever platforms you use WE ARE ERP AGNOSTIC AND CAN INTEGRATE WITH WHATEVER PLATFORMS YOU USE.GET INTEGRATED
KEY FEATURES & BENEFITS * Comprehensive accounts receivable management * AR dashboard & reporting * Predictive analytics in accounting * Automated collections communications * Streamlined payments * Collections management * Communications historyREQUEST A DEMO
CUSTOMER TESTIMONIALS WHAT OUR CUSTOMERS HAVE TO SAY Read about the impressive results our customers have achieved. We'd love to work with you next. _ “YayPay has saved me having to hire a headcount. Increased the number of accounts that can be handled each day by 4X, going from spreadsheets to complete automation.”_ _Jeff Cuthbertson | PresidentSERVPRO_
_ “The consistency of how the business is running, knowing nothing is falling through the cracks...As a CEO that’s priceless. I know that we have a world-class workflow and receivables operation becausewe have YayPay.”_
_Rob Castaneda | CEOServiceRocket_
_ “We were sending hundreds of invoices each month. Following up with customers manually was tedious. Collections have improved afterusing YayPay.”_
_Edyta Lipinska | Accounts Receivables SupervisorDigital Remedy_
_ “YayPay did exactly what we needed … we’ve saved time, saved resources, and improved collections at the same time. The days of sending hundreds of collections emails are gone. YayPay tracks all of my communication with customers so that our management and sales teams can easily find relevant information and take action.”_ _Rachel Mariano | Staff AccountantJumio_
_ “We have satisfied customers as well as happier employees. Improved efficiency and communications makes for a strongerrelationship.” _
_Mehmet Shah | Director of FinanceStackAdapt_
_ “The true competitive edge that YayPay has, is the relationship they create with their clients. My team feels heard, feels appreciated, and we are active partners with YayPay. This results in success for both of us.” _ _Peter Roller | Director of ARLogMeIn_
_“Automated communication workflows have made our collections process simpler and more effective, improving our customer response rate and ultimately reducing our DSO.”_ _Eben Paul | Chief Financial Officer Mammoth Carbon Products_ _ “We have seen payments come in faster, and a better customer experience because we are able to address things quickly.”_ _Chris Pearce | International Finance Director EMEA and APACCheetah Digital_
_ “We’ve been able to grow the business without having to add to the headcount in the credit team. We are more efficient these days as the team doesn’t have to worry about sending out emails manually viaOutlook.”_
_Tony Prudente | Controller Top Notch Distributors_ _ “YayPay has saved me having to hire a headcount. Increased the number of accounts that can be handled each day by 4X, going from spreadsheets to complete automation.”_ _Jeff Cuthbertson | PresidentSERVPRO_
_ “The consistency of how the business is running, knowing nothing is falling through the cracks...As a CEO that’s priceless. I know that we have a world-class workflow and receivables operation becausewe have YayPay.”_
_Rob Castaneda | CEOServiceRocket_
_ “We were sending hundreds of invoices each month. Following up with customers manually was tedious. Collections have improved afterusing YayPay.”_
_Edyta Lipinska | Accounts Receivables SupervisorDigital Remedy_
_ “YayPay did exactly what we needed … we’ve saved time, saved resources, and improved collections at the same time. The days of sending hundreds of collections emails are gone. YayPay tracks all of my communication with customers so that our management and sales teams can easily find relevant information and take action.”_ _Rachel Mariano | Staff AccountantJumio_
_ “We have satisfied customers as well as happier employees. Improved efficiency and communications makes for a strongerrelationship.” _
_Mehmet Shah | Director of FinanceStackAdapt_
_ “The true competitive edge that YayPay has, is the relationship they create with their clients. My team feels heard, feels appreciated, and we are active partners with YayPay. This results in success for both of us.” _ _Peter Roller | Director of ARLogMeIn_
_“Automated communication workflows have made our collections process simpler and more effective, improving our customer response rate and ultimately reducing our DSO.”_ _Eben Paul | Chief Financial Officer Mammoth Carbon Products_ _ “We have seen payments come in faster, and a better customer experience because we are able to address things quickly.”_ _Chris Pearce | International Finance Director EMEA and APACCheetah Digital_
_ “We’ve been able to grow the business without having to add to the headcount in the credit team. We are more efficient these days as the team doesn’t have to worry about sending out emails manually viaOutlook.”_
_Tony Prudente | Controller Top Notch Distributors_ _ “YayPay has saved me having to hire a headcount. Increased the number of accounts that can be handled each day by 4X, going from spreadsheets to complete automation.”_ _Jeff Cuthbertson | PresidentSERVPRO_
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