How Productive Is Your Collections Team?

For most businesses, accounts receivable (AR) has been developed and standardized to ensure one thing: that payments are received on time. Outstanding receivables are not only the bane of most accounting teams, they can be used to gauge their productivity (or lack thereof).

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RPA: Re-Imaging Human Work – An Exclusive Whitepaper from YayPay

“RPA will take the robot out of the human, freeing workers to contribute in more creative and profound ways.”

Robotic Process Automation (RPA) has been heralded as the future of the digital economy. With it comes the promise of greater efficiency, leaner operations and a more rewarding workplace environment. Together, these value drivers are transforming business operations and shrinking the productivity gap.

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Double Productivity Growth in Your Business with Automation

As digitization accelerates, technologies like artificial intelligence, robotics and machine learning are becoming increasingly vital to business decisions. CFOs may not be asking about these platforms specifically, but they are wondering about how to boost productivity and enhance workflow in an economy that demands both. In this environment, business leaders are beginning to view automation as the silver bullet for eliminating the productivity gap once and for all.

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The secret sauce: 3 ways to boost efficiency with AR and collections

Back office functions get a bad rep. They do not enjoy the same amount of attention and investment as sales or R&D – primarily because they do not drive top-line growth in any obvious way. That dynamic is unfortunate, because any company would be crippled without behind-the-scenes tasks like client onboarding, billing, and collections.

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5 Accounts Receivable & Collection Statistics That Should Scare You

If you are in the business of selling products or services on credit, you effectively have two businesses – collections being the second one. That does not look like a problematic setup until you consider that most American businesses aren’t great at managing collections. Here are some statistics from the 2016 payment practices study by Atradius.

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YayPay's CFO Podcast 3/28/17 - Interview with Mike LeSanto, Controller at ViralGains

Technology has transformed business in fundamental ways. For the field of accounting, it has introduced new variables in a world previously viewed in black-and-white terms.

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The Future of Work: Real-World Applications of RPA

For decades, robot-led automation has transformed human work environments. Once the domain of industrial machinery and factory floors, automation is now transforming the knowledge economy in profound ways. The automation of knowledge work[1] has already left its mark on the economy, and promises hugely transformative potential for businesses looking to unlock productivity.

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Myth Busters: 3 Common Misconceptions about AR Automation

There is a little-known secret among finance teams, AR Managers and CFOs. Deep inside, most of them have a certain amount of mistrust when automating any process. After all, a known (even if notoriously inefficient and frustrating) process is usually transparent, whereas the new automated process is a mysterious “black box”. Data A comes in, output B comes out. How do you know it’s right?

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