The New Standard in Accounts Receivable Automation^TM

Say goodbye to spreadsheets, call lists and your escalating DSO. Leveraging the power of automation, customer self-service and cloud-based collaboration, we've built the platform that gets you paid faster and makes your customers happy.

288,603
Businesses Served
10,019,826
Online Invoices
$24,035,000,000
Dollar Value Of Invoices

We Power AR For Industry Leaders

Receivables Re-imagined.

Presentment Deliver invoices and statements via multiple channels, including an online portal with industry-leading adoption. Visibility into all activity ensures you reach all of your customers effectively. Read more…
Collaboration Centralize all of your interactions with your customers and leverage a request management system that allows you to obtain information in real-time via email. Dispute resolution has never been easier. Read more…
Collections Automate routine collections tasks such as reminders and requests to re-send invoices through intelligent workflows, so that your staff can focus on accounts that truly need their attention. Read more…
Payments Give your customers access to a secure, online portal to pay invoices electronically. Enable scheduled and automatic payments within the payment acceptance guidelines you control. Read more…
Cash Application Eliminate the time-consuming work of reconciling remittance information and applying cash for all types of payments – those made within ARC and those made via other channels. Read more…

The Platform That Pays For Itself

Whether you’re exploring A/R automation for the first time or building the business case to begin a project, our quick ROI calculator will show you the specific savings available to your business.

Take a couple of minutes to understand the compelling case for automating your AR.

Calculate Your Savings

Transitioning Your Invoicing From Paper to Electronic

Tyler Zedic2020-03-26T13:03:24-04:00March 26th, 2020|

Remote working brings about many challenges for organizations and the AR department is no exception. For businesses that rely heavily on manual and paper-based processes, the current situation will be especially tough. With economic uncertainty Read More

Advice to Distributors For Managing Industry Disruptions

Tyler Zedic2020-03-10T08:32:10-04:00March 10th, 2020|

Examining all 19 wholesale distribution sectors, recent research from MDM paints a picture of a selling environment where consumer and government spending are keeping the economy healthy, but where manufacturing continues to soften. Annual revenue Read More

8 Ways for Distributors to Preserve Cash Flow in a Slowing Economy

Tyler Zedic2020-02-24T20:49:04-04:00February 25th, 2020|

What is Cash Flow? The total amount of money received and doled out over a given period (usually a quarter), cash flow can either be positive or negative. Positive cash flow indicates that a company’s Read More

We Integrate Seamlessly With Industry-Leading ERPs

Solutions By Industry

Wholesale and Distribution
Manufacturing
Transportation and Logistics
Business Services
Commercial Real Estate
Media

Wholesale and Distribution As the drive for globalization, automation and personalization create pressure on profit margins, success for today’s Distribution companies is contingent on increasing operational efficiency and team productivity. The invoice to cash cycle, renown for its tedious tasks and resource-intensive processes, represents a key opportunity to drive these improvements. VersaPay’s ARC platform streamlines the invoice-to-cash cycle through automation, ultimately resulting in faster payments and a reduced DSO.

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Manufacturing Cash seldom comes in quickly enough. Manufacturers struggle to get customers to pay on time, which leaves them squeezed financially as they manage growth.

You’re not alone. This problem is entirely typical when your accounts receivable process is paper-based and highly manual. There are many points of friction in the process which cause delays: from time in the mail, to invoice errors, and invoices stuck in a pile of papers on someone’s desk, it’s no wonder payments are delayed.

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Transportation and Logistics Transportation and logistics businesses are in a highly competitive market, often with pressure on operating margins. Issuing invoices and supporting documentation relies heavily on labor-intensive processes such as printing, mailing, emailing, faxing, and scanning of invoices and documents.

Issues around missing documentation and disputes about invoice accuracy both contribute to late payments, and once payment is received, manually matching payments to invoices causes further delays.

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Business Services Companies in Business Services face numerous challenges due to increasingly complex competitive landscapes and the growing demands of customers who are more sophisticated than ever, empowered by the ability to research online.

Once a new customer is secured, it is vital that businesses continually look for new and better ways to cement the relationship, including making it easy and more convenient to do business together. An outdated AR process creates friction and customer frustration, resulting in delayed payments and tense relationships.

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Commercial Real Estate Commercial REITs focus intently on cashflow, but typical AR processes mean this focus drives a lot of effort. Accounts receivable teams are loaded with manual tasks such as chasing down late payments, collecting tenant sales reports, and determining where to apply checks with missing or incorrect remittance information.

Thankfully, more and more tenants are looking for self-service options. This creates an opportunity to automate AR processes, facilitate online collaboration, and give your tenants what they want.

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Media While your business is working hard to move content online, you are still running an AR process which is offline – highly manual and paper or email-based.

Out-dated AR process cause delays, and delays in collecting receivables are costly to your business. Emails are better than paper, but it still takes valuable time to create emails and attach necessary documentation (such as tearsheets and contracts), and manual follow-up is still necessary. There is a better way.

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By Industry

Wholesale and Distribution

Cash flow is a challenge for wholesalers and distributors. On one end, manufacturers are tightening up their terms, and on the other end customers are asking for better pricing and more time to pay. The balancing act for cash flow places late payments and working capital top of mind.

With competitive pressures always looming, it is important for wholesalers and distributors to boost customer loyalty by keeping them happy. Chasing payments, resending invoices and slipping on follow-ups for inquiries and disputes not only delays payment, but can also have a negative effect on customer experience.

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Manufacturing

Receivables do not come in quickly enough. Manufacturers struggle to get customers to pay on time, or at all which leaves them squeezed financially as they try to sustain meeting the growing demand of customers. This problem is exaggerated when your accounts receivable process is faulty. Your process is only as accurate as the person maintaining it which can lead to errors in payment tracking, reconciliation issues, and stifled cash flow. Read More

Transportation and Logistics

Transportation and logistics businesses are in a competitive market, often with low operating margins. Issuing large volumes of invoices and supporting documentation relies heavily on labor-intensive processes (printing, mailing, emailing, faxing, scanning invoices and documents). Claims due to missing or damaged goods and missing documentation further adds to delays in payments and short pays as AR teams spend time resolving issues and following up for collections. Once payment is received, manually matching payments to invoices is a further challenge that is time-consuming, error-prone and mundane. Read More

Business Services

Companies in business services face numerous challenges due to the increasingly complex competitive landscapes – the result of continuous innovation and globalization. CFOs are under pressure to cut costs, support revenue growth and proactively manage cash flow. Today’s customer is sophisticated, powered by the ability to research online and educate themselves on competitive offerings.

Once a new customer is secured, it is imperative to continually look for new and better ways to ensure their satisfaction. Sales teams often lament the fact that their companies are not proficient at ensuring processes are in place to support effective day-to-day interactions. Out-dated methods to receive invoices, the lack of collaboration tools and manual payments all contribute to customer frustration, delayed payments, and increased working capital requirements.

Read More

Commercial Real Estate

With a varied portfolio of multiple property types, financing and leasing structures and changing maintenance fees, managing the cash flow of a commercial real estate company is challenging.

Accounts receivable teams are loaded with manual tasks such as issuing rental advice notices, collecting tenant sales reporting numbers, and determining where to apply naked and decoupled rental payments. This diverts your team’s focus away from higher-value activities such as financing structures, risk management, and capital management.

Tenants are demanding self-service options. With no efficient way for your tenants to receive their rental advice notices, settle disputes for rental charges and report on their sales numbers, payments are delayed and your collection cycle increases.

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Media

The media industry is feeling the pressure to move their business online. Appetite for digital media is rampant and it’s hard to keep up. While your business is working hard to move content online, you are also feeling the effects of operating with tighter margins and collecting on invoices that are falling through the cracks and increasing your day sales outstanding (DSO).

Your portfolio of customers with large invoice counts is costly to your business – sending paper invoices and statements delays time to reach your customers and receive payments. Emailing sounds better, but it still takes valuable time to create emails, attach necessary documentation (tearsheets, contracts, etc.), all with no visibility that your customer has opened it.

Read More

The New Standard in Accounts Receivable AutomationTM

Invoice-to-Cash Streamlined with One Cloud-Based Solution

288,603

10,019,826