The accounts receivable (AR) aging report is a critical tracking mechanism for cash flow planning. A basic AR aging report features total owed by client and then a breakdown into aging categories (30-60 days, 60-90 days, etc.) It’s a snapshot of which clients are in good standing and which are delinquent on their bills.Read More
From eliminating redundant tasks and busywork to streamlining processes to improving forecasting across the organization, enterprise resource planning (ERP) solutions provide companies with a wealth of benefits. ERP systems store all sorts of data that’s relevant throughout the organization in one central repository, making it easier for business units to find the information they need.Read More
For many professions, including credit, collections, banking and others, it’s conference and trade show season, which means you’ll probably attend one or more events over the summer. The largest conference in the credit and collection industry, the NACM Credit Congress and Expo, is coming up on June 10-13 in Phoenix, and YayPay is excited to attend and support the show.
YayPay will be exhibiting at this year’s NACM show, demonstrating our new payments module – and giving away money…that’s right, we are drawing a card to give away $500 to a lucky individual who stops by our booth during the show, so come see us at Booth #140 while you’re there.Read More
Recently, Anthony Venus, CEO and Co-Founder of YayPay, was a guest on Nathan Mersereau’s Day in a Canoe podcast, an online segment about creating the life that you want – and one that’s filled with wealth, wisdom, meaning, and purpose. In the podcast, Anthony talks about the journey to creating YayPay, how accounts receivable teams can find efficiencies in workflow. Here are highlights of their conversation.Read More
Accounts receivable management is at the core of your ability to operate continuously, even though it’s on the back end of business management. Sales are visible and at the forefront of reporting and key performance indicators (KPIs), but if you don’t realize the proceeds from transactions, your business could be at risk. By tracking accounts receivable turnover ratio as a key KPI, you’ll always know where you stand and when it’s time to sound the alarms to avert a cash crisis.Read More