YayPay Hires Executives to Accelerate Growth and Develop Product

YayPay Welcomes Patrick Falle as Chief Revenue Officer and Nicole Dwyer as Chief Product Officer

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Radical Innovation Comes to the Back Office

Originally published by Paul Grossinger on Inc.com.

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YayPay’s momentum going into hyperdrive thanks to $5.3M in funding

Today marks an incredibly important milestone for YayPay. We just announced the raising of $5.3 million in funding to further our drive to bring automation to the back-office finance operations of small and mid-sized enterprises. The funding puts YayPay at a major inflection point in which we can accelerate our momentum by recruiting more great talent, roll out a full suite of intelligent order-to-cash automation software, and increase sales activities.

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Manual John vs Automated Jane - Which Do You Prefer?

Imagine a typical job description for an AR and Collections manager. On paper it may look quite similar across companies and even industries. However, as many professionals can attest, a manager’s actual day-to-experience can vary considerably from company to company. Many factors contribute to these real-life differences. Company culture, industry specifics, and reporting structure all matter. However, technology may be the ultimate force that has the power to define workflows and shape the manager’s day.

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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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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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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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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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