Why Board Members Care About Accounts Receivable—and the Best Metrics to Show Them

It’s the job of the board of directors to oversee the financial and legal health of your organization. The board has a fiduciary obligation to protect the interests of all shareholders. Because of this, you must keep your board apprised of company finances, and this includes accounts receivable, which is often a very significant asset on the balance sheet.  

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Upping Your Game: Accounts Receivables Team Performance

The accounts receivables team is one of the most critical teams in your company. If your AR team doesn’t collect the proceeds from invoices, the efforts of sales, marketing, customer service, and human resources are wasted.

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5 Accounts Receivable Collections Best Practices

The sooner your company gets paid, the sooner you’re able to pay your own bills or invest in new business opportunities.

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What is an Average Receivables Collection Period?

Sales is the #1 financial statement that gets the most attention, closely followed by net income. Even if the figures on paper are impressive, they don’t necessarily represent cash on hand if you operate on an accrual basis. Instead, these numbers often reflect potential revenue and net income from cash flow that hasn’t occurred—assuming you'll be paid.

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Advanced Collection Strategies for Oracle Solutions

The accounts receivable process has evolved over time and no longer requires manual processes to manage it effectively. Instead, you can decrease the amount of time it takes to manage collections with an accounts receivable automation solution that can seamlessly integrate with your Oracle ERP Cloud, JD Edwards, EBS, or PeopleSoft solution.

Free up your staff’s time, predict and accelerate cash flow, and better track every step of your receivables process with automation.  

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The Benefits of Investing in an Automated Accounts Receivable Solution

Your accounting department is arguably the most important area of your operation. If you struggle to collect payments from customers, how will you be able to keep your doors open for the foreseeable future?

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YayPay’s Going to CRF Forum and We Want You to be Our VIP!

YayPay provides technology with a personal touch, and those we build relationships with are our VIPs. This year, YayPay will be attending the CRF August Forum & Expo in Orlando, Florida on August 13-15, 2018. We will be acknowledging and treating our VIPs as the very important people they are.

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Challenges of Using a Legacy AR System

It’s no secret that many businesses are set in their ways.

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