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.

With an online tenant portal that is intuitive and user-friendly, commercial real estate companies effectively address these challenges for both their AR team and tenants. This sets the foundation for an enhanced experience for your tenants, strong cash flow, and extending your portfolio with future growth and developments.

Reduce collection cycles with a self-service tenant portal

With VersaPay ARC, accounts receivable automation platform, commercial real estate companies get paid faster and improve their tenant experience by moving their AR online:

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Online Invoice Presentment

Present invoices and supporting documents (CAM Fees) online with a self-service portal to speed billing and send automatic payment reminders.

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Online Collaboration

Improve relationships with the ability for customers to open disputes online and resolve them quickly with real-time notifications to your team.

Online Payments

Get paid faster with the ability to accept payments online (ACH/EFT, Credit Card). Automatically reconcile payments to invoices with seamless cash application.

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Insight into AR

Gain insights into accounts with an online dashboard for key metrics: outstanding balances, aged receivables, payments trends, etc.

Proven Customer Success

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“We were looking for a platform that would enhance communications with our customers as well as provide more payment options for our tenants. Given the scale of our company, we also wanted to simplify how we receive and reconcile payments from our tenants, and found VersaPay’s ARC™ solution was a good fit for our needs.”

Dennis Hanifan VP of Application Systems

VersaPay makes the transition to the cloud easy and worry-free for commercial real-estate companies

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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.

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Integration with Leading ERPs

VersaPay ARC integrates with leading industry ERPs in real-estate, including JD Edwards.
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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.

See How VersaPay Can Work For You

Do you like the sound of getting get paid faster and improving customer satisfaction? If so, you’re ready for accounts receivable automation.

Connect with us to enable a secure, self-service platform for your staff and customers to future-proof your business for the online world, before your competition does:

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