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Independent Consulting Study Reveals Strong Total Economic Impact for Users of Accounts Receivable Automation Solution YayPay by Quadient

Paris, September 13, 2021 Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and…

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September 13, 2021 02:30 ET | Source: QUADIENT

Paris, September 13, 2021

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announced today that it has published a study conducted by Forrester Consulting, part of a leading global research and advisory firm, showing that YayPay by Quadient, an accounts receivable (AR) management and automation solution, can help reduce days sales outstanding (DSO), improve the customer experience, accurately predict cash flow and reduce lost revenue, with a return on investment (ROI) for a composite customer of over 400% over three years.

YayPay by Quadient is a software-as-a-service (SaaS) predictive and automated AR management solution and is part of Quadient’s Intelligent Communication Automation (ICA) portfolio. Quadient’s cloud-based ICA platform is uniquely positioned to help businesses accelerate digital transformation and scale up and down as their communication and invoice volume levels evolve with changing business needs. Quadient’s ICA platform has a comprehensive offer that includes solutions for accounts payable (AP) automation and management, customer communications management (CCM) and document automation, and customer journey management.

The Forrester Total Economic Impact (TEI) study was commissioned to examine the benefits businesses realize by deploying YayPay. Key benefits for YayPay users, according to the study, include:

  • Improved AR workflow automation and team efficiency by 25%
  • Reduced legacy costs
  • Reduced days sales outstanding (DSO) by 25%
  • Improved customer service experience

To produce the study, Forrester interviewed YayPay stakeholders and decision-makers at businesses using YayPay. Forrester then designed a composite organization to model YayPay’s Total Economic Impact for its customers.

“Prior to using YayPay, some customers used spreadsheets exported from ERP modules to manage their accounts receivable processes, particularly around collections and ensuring invoices were being paid. Some were using legacy AR systems,” according to the Forrester TEI study. “These manual systems left customers unable to deal with rapid increases in the number and complexity of invoices each year.”

Forrester found that by deploying YayPay’s platform, the composite organization saved 16 minutes each time it collected on a B2B payment by the second year of using YayPay (11 minutes in year one), avoided hiring seven AR staff, and reduced write-offs. In total, the AR-related cost savings achieved by the composite organization was $815,000, in part generating an ROI of 403%.

“We believe Forrester’s objective and thorough study on the impact that YayPay customers can expect from our platform is vindication that we are transforming the way finance teams work,” said Anthony Venus, chief strategy and product officer, Accounts Receivable Automation at Quadient. “Businesses today face the challenges of a rising number of invoices each year, increasingly complex sales cycles and invoicing, and forgotten invoices. YayPay, powered by AI and machine learning, combines real-time AR, analytics and payment predictions to help businesses increase cash flow while improving team efficiency and productivity.”

To download the TEI study, visit www.yaypay.com/forrester-tei.

About Quadient®

Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on three key solution areas, Intelligent Communication Automation, Parcel Locker Solutions and Mail-Related Solutions, Quadient helps simplify the connection between people and what matters. Quadient supports hundreds of thousands of customers worldwide in their quest to create relevant, personalized connections and achieve customer experience excellence. Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the CAC® Mid & Small and EnterNext® Tech 40 indices.

For more information about Quadient, visit www.quadient.com.

Contacts

Joe Scolaro, Quadient Sam Cartwright, Maitland/AMOGlobal Press Relations Manager Director of Media & Communications +1-866-883-4260 Ext. 1590 +44 (0) 207 379 5151j.scolaro@quadient.com scartwright@maitland.co.uk

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Quadient PR_YayPay Forrester Economic Impact_EN_Final Quadient PR_YayPay Forrester Economic Impact_EN_Final…

Source: https://www.globenewswire.com/news-release/2021/09/13/2295450/0/en/Independent-Consulting-Study-Reveals-Strong-Total-Economic-Impact-for-Users-of-Accounts-Receivable-Automation-Solution-YayPay-by-Quadient.html

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Chargezoom Raises $2 Million in Seed Round | The SaaS News

Chargezoom Raises $2 Million in Seed Round

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Chargezoom, an Irvine, California-based leading platform for managing billing and payments, raised $2 million in Seed Round led by Okapi Venture Capital and joined by SaaS Ventures.

This investment will accelerate Chargezoom work empowering businesses to achieve their full potential through innovative, integrated payment solutions. And to continue to build on that premise and release additional features that will help its users become even more sophisticated in how they handle their payment processing.

Company: Chargezoom, Inc.

Raised: $2.0M

Round: Seed Round

Funding Month: September 2021

Lead Investors: Okapi Venture Capital

Additional Investors: SaaS Ventures

Company Website: https://chargezoom.com/

Software Category: Payment Solutions

About the Company: Chargezoom is a SaaS company offering billing & payment automation for businesses. Chargezoom addresses the payment needs of modern businesses with powerful integrated payments, allowing businesses to automate and scale quickly. Automation reduces the burdens typically associated with accounts receivable including manual processes and payment friction. Providing an easy-to-use platform that delights merchants and their customers has attracted the attention of the payments industry.

Source: https://www.prnewswire.com/news-releases/chargezoom-closes-2m-seed-funding-round-301376649.html

Round: Seed Round

Source: https://www.thesaasnews.com/news/chargezoom-raises-2-million-in-seed-round

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BNPL bonanza, scraping Toast’s S-1/A, early-stage SaaS pricing – Fundingnewsasia

Are founders in fundraising mode short-sighted when it comes to working with Chinese venture funds?

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Are founders in fundraising mode short-sighted when it comes to working with Chinese venture funds?

Runa Capital’s Asia business development manager Denis Kalinin studied data from iTjuzi, a database of Chinese venture capitalists, and found:

“…Chinese funds invested around $250 billion in 2020 (three times higher than the figure reported in Crunchbase). This figure puts Chinese VC investments only 30% lower than investments by U.S. funds, but three times that of U.K. funds and 12.5 times more than German funds.”

The pandemic, geopolitical tensions and other factors led many Chinese venture funds to pare back their international investments, but that’s largely “because during COVID, China’s economy recovered much faster than other countries’,” writes Kalinin.

His analysis covers multiple angles: Chinese investments in Europe are catching up with those in Asia and the United States, half of China’s top cross-border investors are CVCs, and investors are particularly interested in fintech, deep tech and digital health at the moment.

“Chinese investors can bring value to foreign startups, but you need to study their expertise and how it can be useful for you.”

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Today at 2 p.m. PT/5 p.m. ET on Twitter Spaces, Managing Editor Danny Crichton and immigration law attorney Sophie Alcorn will discuss whether remote work is making H-1B visas less critical for international founders.

It’s a provocative question: If remote teams are becoming the norm, tech hubs are decentralizing and investors are comfortable cutting checks after a Zoom call, how important is it to do business as a startup inside the U.S?

It’s sure to be an interesting conversation; to get a reminder, please follow @Fundingnewsasia on Twitter.

Thanks very much for reading Extra Crunch this week!

Walter Thompson
Senior Editor, Fundingnewsasia
@yourprotagonist

Toast looks toward $18B valuation in upcoming IPO

Toast released an early IPO price range of $30 to $33 per share on Monday, and Alex Wilhelm digs into the S-1/A filing to “better understand how to value vertical SaaS startups that are pursuing a payments-and-SaaS business approach.”

Is the restaurant software startup worth the $18 billion valuation it’s aiming for?

3 keys to pricing early-stage SaaS products

Every founder who launches an enterprise software startup has to figure out the “right” pricing model for their products.

It’s a consequential decision: Per-seat licenses are easy to manage, but what if customers prefer a concurrent licensing model?

“Early pricing discussions should center around the buyer’s perspective and the value the product creates for them,” says Ridge Ventures partner Yousuf Khan, who previously worked as a CIO.

“Of course,” he notes, “self-evaluation is hard, especially when you’re asking someone else to pay you for something you’ve created.”

Is India’s BNPL 2.0 set to disrupt B2B?

india money

Image Credits: jayk7 / Getty Images

India’s mom-and-pop businesses are experiencing a digital transformation that’s creating new e-commerce opportunities; smartphones have replaced paper records, and a new government-backed instant payments system is disrupting how value is exchanged.

But instead of importing legacy credit systems, buy now, pay later systems are the “next step for solving the digital B2B puzzle,” writes Anubhav Jain, co-founder and CEO of Rupifi.

What to make of Freshworks’ first IPO price range

Developing programming and coding technologies. Website design. Programmer working in a software develop company office.

Image Credits: scyther5 / Getty Images

Freshworks, which develops and offers a variety of business software tools, set an IPO price range of $28 to $32 per share on Monday, meaning its valuation could reach nearly $10 billion, Alex Wilhelm writes.

“It appears that the Freshworks IPO is pretty reasonably priced as is, though a boost to its price range is not out of the question if public market investors decide that they are bullish on its future growth prospects. We just don’t see dramatic upside.”

ish on its future growth prospects. We just don’t see dramatic upside.”

Here’s what your BNPL startup could be worth

The multibillion-dollar exits of Japanese startup Paidy (to PayPal) and Australian buy now, pay later company Afterpay (to Square) “provided hard market proof that what BNPL startups are building has value beyond simple operating results,” Alex Wilhelm writes in The Exchange.

He breaks down the value of Afterpay, Paidy and Klarna using a simple metric: What would you pay for $1 of BNPL GMV?

3 methodologies for automated video game highlight detection and capture

Video game livestreaming is booming.

Twitch has an average of almost 3 million concurrent viewers; by comparison, on the night of the 2020 U.S. presidential election, CNN’s livestream averaged 1.1 million.

The most successful streamers use their ad revenue and sponsorship money to hire video editors and social media teams to make them look good, but new automated tools are giving part-time streamers the ability to spotlight their best moments as well.

Have ‘The Privacy Talk’ with your business partners

A data breach costs a company an average of $3.8 million, Marc Ellenbogen, Foursquare’s general counsel, notes in a guest post, adding up to a “concrete financial incentive to having The Privacy Talk.”

What is it?

“It’s the conversation that goes beyond the written, publicly posted privacy policy and dives deep into a customer, vendor, supplier or partner’s approach to ethics,” he writes.

If you think the talk doesn’t apply to you, think again.

Advanced rider assistance systems: Tech spawned by the politics of micromobility

In an effort to “reassure local administrations that micromobility is safe, compliant and a good thing for cities,” scooter operators are “implementing technology similar to advanced driver assistance systems (ADAS) usually found in cars,” Rebecca Bellan writes.

She breaks down how the tech could help prevent unwanted behavior and explores the cost for scooter operators and opportunities for startups.

The pandemic, geopolitical tensions and other factors led many Chinese venture funds to pare back their international investments, but that’s largely “because during COVID, China’s economy recovered much faster than other countries’,” writes Kalinin.

Source: https://fundingnewsasia.com/bnpl-bonanza-scraping-toasts-s-1-a-early-stage-saas-pricing-fundingnewsasia/

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DataRobot CEO Dan Wright coming to TC Sessions: SaaS to discuss role of data in machine learning – TechCrunch

Just about every company is sitting on vast amounts of data, which they can use to their advantage if they can just learn how to harness it. Data is actually the fuel for machine learning models, and with the proper tools, businesses can learn to process this data and build models to help them compete […]

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Just about every company is sitting on vast amounts of data, which they can use to their advantage if they can just learn how to harness it. Data is actually the fuel for machine learning models, and with the proper tools, businesses can learn to process this data and build models to help them compete in a rapidly changing marketplace, to react more quickly to shifting customer requirements and to find insights faster than any human ever possibly could.

Boston-based DataRobot, a late-stage startup that has built a platform to help companies navigate the machine learning model lifecycle, has been raising money by the bushel over the last several years, including $206 million in September 2019 and another $300 million in July. DataRobot CEO Dan Wright will be joining us on a panel to discuss the role of data in business at TC Sessions: SaaS on October 27th.

The company covers the gamut of the machine learning lifecycle, including preparing data, operationalizing it and finally building APIs to make it useful for the organization as it attempts to build a soup-to-nuts platform. DataRobot’s broad platform approach has appealed to investors.

As we wrote at the time of the $206 million round:

The company has been catching the attention of these investors by offering a machine learning platform aimed at analysts, developers and data scientists to help build predictive models much more quickly than it typically takes using traditional methodologies. Once built, the company provides a way to deliver the model in the form of an API, simplifying deployment.

DataRobot has raised a total of $1 billion on $6.3 billion post valuation, according to PitchBook data, and it’s been putting that money to work to add to its platform of services. Most recently the company acquired Algorithmia, which helps manage machine learning models.

As the pandemic has pushed more business online, companies are always looking for an edge, and one way to achieve that is by taking advantage of AI and machine learning. Wright will be joined on the data panel by Monte Carlo co-founder and CEO Barr Moses and AgentSync co-founder and CTO Jenn Knight to discuss the growing role of data in business operations

In addition to our discussion with Wright, the conference will also include Microsoft’s Jared Spataro, Amplitude’s Olivia Rose, as well as investors Kobie Fuller and Laela Sturdy, among others. We hope you’ll join us. It’s going to be a thought-provoking lineup.

Buy your pass now to save up to $100. We can’t wait to see you in October!

DataRobot has raised a total of $1 billion on $6.3 billion post valuation, according to PitchBook data, and it’s been putting that money to work to add to its platform of services. Most recently the company acquired Algorithmia, which helps manage machine learning models.

Source: https://techcrunch.com/2021/09/10/datarobot-ceo-dan-wright-coming-to-tc-sessions-saas-to-discuss-role-of-data-in-machine-learning/

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