In an effort to bring you continued industry insights in an easy to digest manner, we started a series called Lunch Bites - short industry specific conversations served up in the time it takes you to make a sandwich. In this installment of Lunch Bites, we sat down with Sarah-Jayne Martin from YayPay to discuss why YayPay chose APS Payments as their integrated payment processing partner, and how the two solutions together can help merchants address AR collection issues. 

The current situation with COVID-19 has led to many companies experiencing significant collection issues, bringing days sales outstanding (DSO) and payment method discussions to the forefront for many accounts receivable departments. Payments have evolved significantly over the past few years, and customers have come to expect payment options beyond dropping a check in the mail or providing credit card information over the phone. One way that smart companies can address both of these challenges is looking into an Automated Accounts Receivables Solution with integrated, omni-channel payments.

In an effort to bring you continued industry insights in an easy to digest manner, we started a series called Lunch Bites - short industry specific conversations served up in the time it takes you to make a sandwich. This edition of Lunch Bites features Matt Shanahan, Chief Strategy Officer at Lockstep  discussing the changing world of accounts receivable and digital transformation in the marketplace. 

“Digital Transformation” is a bit of a buzzword lately. The pandemic has exposed cash traps in accounts receivable, particularly for companies doing business via traditional methods involving paper invoices and mailed checks. Digital transformation is all about eradicating the paper, and moving things to the web and email to collaborate with customers digitally. The goal of digital transformation in AR is to lower days sales outstanding (DSO).