Overview
What is HyLo?
HyLo is a working capital product offered by Vayana Network Inc, specializing in financial technology solutions. It aims to assist small and medium-sized businesses (SMBs) in improving their cash flow by automating the receivables collection process and providing real-time visibility into their working...
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Product Details
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- Tech Details
What is HyLo?
HyLo is a working capital product offered by Vayana Network Inc, specializing in financial technology solutions. It aims to assist small and medium-sized businesses (SMBs) in improving their cash flow by automating the receivables collection process and providing real-time visibility into their working capital cycles and business health.
Key Features
Seamless Integration: According to the vendor, HyLo seamlessly integrates with your existing accounting system, allowing for automatic syncing of invoicing, payments, and customer data. This feature eliminates the need for manual data entry and ensures accurate and up-to-date information.
Automated Receivables Collection: HyLo automates the process of collecting receivables by sending payment reminders to customers based on customizable rules. This feature aims to streamline the collection process and improve cash flow for businesses.
Auto-Reconciliation: According to the vendor, HyLo automatically reconciles your cash, accounts receivable (AR), and accounts payable (AP) data, ensuring accurate and up-to-date financial records. This feature saves time and reduces the risk of manual errors.
Customizable Payment Reminder Engine: HyLo provides a fully customizable payment reminder engine, allowing businesses to define the format, frequency, and timeline of payment reminders based on their specific needs and customer preferences. The vendor claims that this intelligent engine optimizes the effectiveness of the reminders by considering customer behavior and payment patterns.
Secure Digital Collections: HyLo enables secure digital collections through easy-to-use "Pay Now" buttons. According to the vendor, customers can make payments directly from the reminders they receive, reducing payment friction and improving the speed of collections.
Offline Payment Tracking: HyLo allows businesses to track offline payments, such as cash or check payments, and reconcile them with their accounting system. This feature ensures that all payments are accurately recorded and accounted for.
Detailed Aging Analytics: HyLo provides detailed aging analytics of accounts receivable (AR) and accounts payable (AP). Businesses can easily track the aging of invoices and payments, gaining insights into their cash flow and identifying potential bottlenecks.
Real-Time Visibility: HyLo offers a real-time view of working capital cycles and business health. According to the vendor, businesses can monitor key financial metrics, such as days sales outstanding (DSO), operating costs, and manual errors, to make informed decisions and improve overall performance.
Flexible Rule Configuration: HyLo provides businesses with the flexibility to configure their own rules for payment reminders. According to the vendor, businesses can define the format, frequency, and timeline of reminders based on their specific needs and customer preferences.
HyLo Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Web-Based |