What Is an AR Aging Report and How Does It Benefit Your Business?

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.

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Automated AR Systems & ERP Suites: A Match Made in Heaven

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.

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3 Ways to Reduce Your Average Days Delinquent

No matter how nice they might look on your balance sheet, you can’t grow your business with unpaid invoices.

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YayPay to Exhibit at NACM: 5 Tips to Enhance Your Experience

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. 

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4 Ways to Create an Accurate Cash Forecast

All businesses need cash to keep their doors open. When money is tight, simply covering recurring operating expenses can become difficult enough on its own.

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A Day in a Canoe: The YayPay Journey

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.

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What Is the Ideal Accounts Receivable Process?

Cash flow is a serious problem for many businesses. In fact, one study found that 82% of companies that were forced to close their doors attributed their downfall to cash shortages.

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Benefits of Tracking Accounts Receivable Turnover Ratio

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.

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