The YayPay Team Recognizes Our Customers, the Revenue Heroes

Today, I am thrilled to announce that YayPay has secured $8.4M in Series A funding.

Led by Information Venture Partners, this funding round brings our total funding to date to $14 million. Information Venture Partners is a well-known fintech and enterprise SaaS investor that has backed many success stories across North America, including Adaptive Insights in the FP&A space, which was recently sold to Workday for $1.55 billion dollars. Rob Antoniades, Co-Founder and General Partner of Information Venture Partners, will be joining YayPay’s board of directors and he adds a great depth of experience in building early stage companies in the back-office finance space.

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6 Reasons Why Your Sales Team Should Work with Your AR Team

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YayPay Takes the ParityPledge for Equal Representation

Fact: According to The World Economic Forum's 2017 Global Gender Gap Report, if we continue at the rate that we are going, the gender gap would not be closed until the year 2234. 

Also fact: According to Cook Ross Inc., companies with the best record for promoting women outperformed industry revenue average by 46 percent.

Startups are notably difficult grounds for women founding companies and joining the workforce. This is especially so in fintech. As a fintech startup, we know that these are more than a matter statistics. Within our company, we know very presently that diversity has been tangibly beneficial to not just our performance, but our everyday interactions coming into the office and working together. However, we've also been aware just how much more room there is to improve. That's why YayPay has taken the ParityPledge to become part of the change toward gender parity in the workplace. Our founders are committed to creating a company with a workplace culture that encourages diversity, inclusion, and transparency. We hire and promote leaders that further this belief that all of our employees should feel safe bringing their whole self to work, and feel empowered to pursue growth uninhibited by aspects of their identity. 

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Improving AR Management to Improve DSO

Last week, we learned that you can reduce the delta between your Standard DSO and Best Possible DSO by improving your business’ AR policies and overall AR management. This week, we will dive into the strategies and the reasoning behind them.

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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 improve cash flow. Quarter-over-quarter or year-over-year reductions in this delta is a key performance indicator (KPI) of AR improvement - and the financial health of your company.  

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Account Receivables Metrics as Customer Success Indicators

As a supplier, staying proactive with accounts receivable (AR) collections is not only good business practice, but is also good customer relationship management. How can your AR process foster better client relationships?

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Customize Your NetSuite Experience at 4 User Groups Meetings

Four NetSuite user groups are happening in California this October, and YayPay is excited to be a sponsor for all four and attending two in San Jose and San Francisco.

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5 Considerations Before Investing in Automated AR

Automated Accounts Receivable (AR) solutions optimize cash flow and represent a game-changing shift in efficiency, accuracy, productivity, and faster-realized profits. As you investigate automating your AR and collections, it’s important to address companywide concerns to ensure you’re prepared to invest.

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