The New Standard in Accounts Receivable AutomationTM
Invoice-to-Cash Streamlined with One Cloud-Based Solution
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.
130,983
Businesses Served
4,294,806
Online Invoices
$7,837,000,000
Dollar Value Of Invoices
Receivables Re-imagined.
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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
Recent News & Updates
Low Cost Money Taking A Toll On Corporate Finances
The High Cost of Low Interest is the title of The Hackett Group’s US Working Capital Survey. The survey is Read More
The Future of Operational Finance
A recent promotional piece from Deloitte describes how Operational Finance should be the epicenter of upheaval. But Deloitte’s experiences with Read More
3 Secrets You Didn’t Know About Accelerating Collections
When it comes to the invoice-to-cash process, the most common pain point next to cash application is collections management. If 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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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.
Read More
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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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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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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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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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.
Read More
