Speed up your invoice-to-cash cycle

To speed up your invoice-to-cash cycle, your accounts receivable team needs to invoice accurately, send payment reminders, apply late fees, and monitor late payers.

VersaPay’s accounts receivable automation platform centralizes all accounts receivable within an online portal that provides finance teams with the information to receive payments faster. The system automatically calculates metrics like days sales outstanding (DSO), invoice status, payment types, top overdue accounts, and records of customer disputes and inquiries.

Reduce DSO and increase
working capital

Our accounts receivable automation platform allows your team to quickly and accurately allocate all received payments, improving your cycle time, eliminating costs, and reduce DSO by as much as 60%. Spending less on manual labor, paper, and travel enables you to increase your working capital to power new business opportunities.

Flexible payment options for
your customers

Our cloud-based accounts receivable portal enables payment methods that sync with the payment terms you want to offer to your customers. Customers can select invoices they want to pay, and pay them instantaneously with electronic funds transfer (EFT), Automated Clearing House (ACH), or credit card. VersaPay ARC automatically matches the payments to invoices and reconciles them with your enterprise resource planning (ERP) system.

full-logo-loaddelivered_1

“Since our inception in 2008, we have always used technology to give us a competitive advantage, and we see VersaPay’s ARC solution as fitting that description. As a rapidly growing business approaching $100 million in annual sales, we generate thousands of invoices each month and manually reconcile payments. VersaPay’s solution will allow us to automate manual AR tasks, including collecting and matching payments to invoices, thereby improving the efficiency of our AR function.”

Robert Nathan Chief Executive Officer

Control and incentivize
payment types

With our online platform, you can offer customers the flexibility of using credit cards for making payments. The platform also provides you with the control to accept credit cards only where your predefined parameters are met. This might include payments made within 10 days of the invoice issue date to help you offer flexible payment terms and incentivize early payment while providing you with the ability to control costs. This helps you retain steady, predictable cash flow.

Automate reminders and
resolve disputes quickly

Our accounts receivable software helps reduce the volume of inquires by notifying your customers when invoices are coming due/overdue, short payments are received, and credit cards are expiring. You can also speed up dispute resolution by providing customers with access to all invoice and payment information in one central location where you can collaborate directly to resolve disputes and get paid faster.

The right platform for your needs

Let your accounts receivable staff focus on truly important things while ARC automatically looks after the basics.

PCI logo.

PCI Compliance

VersaPay is a PCI Level 1 Service Provider, which means that we’ve passed the most rigorous on-site security audits, full penetration, and vulnerability testing. As a result, we provide the highest level of security for your customers’ data, payment, and card acceptance requirements.

Man working at computer.

System Integration

Our cloud-based intelligent accounts receivable solution seamlessly integrates with your enterprise resource planning (ERP), and accounting systems. With VersaPay’s team of integration experts, we take on the heavy lifting  with minimal involvement of your IT resources for integration, so they can continue to focus on your daily priorities.

Man shaking woman's hand at business meeting.

Customer Adoption

So, you are thinking about launching a self-service invoicing and payment platform, but the big question is, will my customers use it? VersaPay has that covered with our e-adoption program and express user adoption. Our client success managers will help you move customers from the paper-based, email process they know, to an online invoicing system they will love. VersaPay has a successful program to make your customers happy and move them online to your self-service portal.