YayPay Reviews & Pricing

by YayPay | Founded 2015, New York, NY

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What is YayPay?

Industry Specialties: Serves all industries

YayPay is a smart accounts receivable management software that uses machine learning to boost AR collection and allow businesses to focus on what matters. From the brand Quadeint’s Intelligence Automation, it organizes cash experience for the finance departments and automates back-office operations. With cloud-based dashboards, it manages and provides real-time data. It improves cash flow management by providing insights into customer’s behavior through predictive analysis. The secure online portal gives customers the freedom to access their accounts and pay anytime, anywhere they want. It automates collection tasks and collection management and saves payer’s information in one place. Users can check for average day sales outstanding, cash collection, invoices, opened reminders and the collection’s effectiveness through the dashboard in real time.

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User Sentiment

Based on 52 reviews:

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YayPay Pricing

Based on our most recent analysis, YayPay pricing starts at $500 (Monthly, Quote-based).

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Starting From: $500
Pricing Model: Monthly, Quote-based
Free Trial: No

Training Resources

YayPay is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for YayPay:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

YayPay Benefits and Insights

Why use YayPay?

Key differentiators & advantages of YayPay

Accessibility: Give users the freedom to access information in a single place with the customer's contact details and synchronize the communication record automatically.
Take Quick Action: Check which customer requires a follow-up and what action needs to be taken with the accounts receivable reports displaying it automatically.
Gain Insight: Get an overview of the receivable status and upcoming trends with a real-time cash prediction and accounts receivable analytics.
Accelerate Cash Flow: Gain the ability to monitor metrics through a real-time dashboard. Pay directly from the emails being received and accelerate cash flow and minimize the possibility of money shortage.
Improve AR Metrics: Schedule invoices and related communication to process payments quickly. Provide the AR team with a comprehensive view of the customer’s account to cantilever the exemplary service, thereby improving AR metrics like average days delinquent, days sales outstanding.

Industry Expertise

It’s suitable for wholesale, consulting, manufacturing, information technology outsourcing and more.

YayPay Reviews

Average customer reviews & user sentiment summary for YayPay:

52 reviews

90%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of YayPay reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Automated Invoice Processing: YayPay can streamline invoice processing by automatically capturing invoice data, reducing manual data entry and minimizing errors.
Improved Collections Efficiency: YayPay offers automated reminders and follow-ups, helping businesses improve their collections efficiency and reduce the time it takes to get paid.
Enhanced Visibility and Reporting: YayPay provides real-time visibility into outstanding invoices, payment history, and customer behavior, enabling businesses to make informed decisions and track their financial performance.

Cons

Limited Reporting Functionality: Some users have expressed frustration with the platform's reporting capabilities, finding them to be somewhat limited for their accounting needs.
Occasional System Glitches: A few users have reported experiencing occasional system glitches or bugs that have impacted their workflow.
Customer Support Concerns: While some users have praised YayPay's customer support, others have reported experiencing delays or difficulties in getting their issues resolved promptly.

Researcher's Summary:

Is YayPay a yay or nay for your accounting needs? Users rave about YayPay's intuitive interface and robust automation features, finding it a breath of fresh air compared to clunky, outdated accounting software. They praise its ability to streamline accounts receivable processes, saving them time and reducing errors. For example, users highlight the automated invoice generation and payment reminders as major wins, freeing up their teams to focus on more strategic tasks. However, some users express frustration with occasional software glitches and limited customer support responsiveness. Despite these hiccups, many users feel that YayPay's strengths outweigh its weaknesses, particularly appreciating its seamless integrations with popular CRM and ERP systems, which they say significantly enhances their workflow efficiency.

Overall, YayPay seems best suited for businesses seeking a modern, automated solution to manage their accounts receivable. Its user-friendly design and powerful features make it a valuable asset for teams looking to ditch manual processes and boost productivity. However, businesses requiring extensive customer support might want to consider these limitations before committing.

Key Features

AR Dashboard: Get the time and information to plan and act with a straightforward dashboard. Automate collection activity and get real-time DSO. Monitor payment predictions and payors trends.
Advanced Reporting And Business Intelligence: Make well-informed business decisions by creating robust personalized reports. Make use of charts and graphs to comprehend what matters to the business and driving the AR health. Generate customized reports and graphs in seconds and combine them into a user-friendly dashboard. Keep an estimate of productivity, disputes and payments. Monitor payor behavior and check for any pitfalls. Make use of auto email delivery to schedule reports.
Predictive Analysis: Gain insights into payer’s behavior and future trends and be ready for payment problems when they come up and plan the solution in a well-informed manner.
AR Collection Management: Make sure that you have all the updated information by combining ERP, CRM and other sources. Convert customer data into actionable insights.
Automated Communication: Boost productivity without investing in many resources by automating accounts receivable collection communication such as invoices, payments reminders, and internal escalations. Improve communication, and increase collection.
Streamline Payment: Provide customers with increased visibility, better options and more control. Allow users to securely make their payments with a click, whether it's ACH, credit cards or bank transfers. Minimize DSO by providing payment flexibility.
Communication: Monitor and follow up with customers on outstanding payments with the communication history at one place.