@andrey_zinoviev Thanks :) We actually are. The rule of thumb -if you have so many invoices every month that you get troubles staying on top of them and get paid in time - that's when you need us. Let me get you in touch with our sales team.
@micrum amazing question! We really care about our customers' security. The infrastructure is well protected, as well as the application itself. We run regular penetration testings in order to uncover our weak spots and fix them in time. The user data is stored in the encrypted databases.
Hi Yaypay-guys! Hi Eugene! What kinda of the AI+Machine Learning do you use to accounts receivables operations to accelerate collections?
Could you please give me the use case?
Al & Chatbots are new and hot but how do you get them to make money for fintech?
@manana_samuseva Thanks you for a great question. There are a few places where we use machine learning. First of all, using historical data we predict cash that is going come into the company. After 4 months of experimenting, we ended up with a pipeline of 3 different algorithms to make predictions. Later, we will add additional sources to the historical invoices/payments information from the ERP to enrich this data and give even better results.
Another use case is automated collection workflows. Basically, algorithms that tune up a frequency and language used in the communications with customers to maximize a probability of the collection.
There are a few other, so far not public cases, that we are developing right now.
As for chatbots - I totally believe that this is the future of the back office as well. That's why, as a first step, our solution integrates with Slack and sends necessary notifications to AR managers when they need to see them.
Hope my answer gives some flavor and answers your questions.
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great stuff! forecasting is something that small organizations don't have enough resources for, thanks for bringing it to us!
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A really great product! We are using Yaypay for our account receivables maybe a bit more than a year. This tool saves us a lot of time and money. Also, we can predict our cashflow, understanding when could we get the payments. And the list of features is growing day by day! Totally recommend.
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@thundermax nice work! Will try this out for what we are doing.
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