Media - VersaPay

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.

As customers move their media consumption habits online, this is trickling into how they want to do business with you. They want self-service – flexible access to view, manage and pay their invoices how they want to. Is your business future-proofed for the online world of B2B? If not, it’s time to rethink your accounts receivable.

Bring your accounts receivable to the 21st century

With VersaPay ARC, accounts receivable automation platform, media companies can improve their cash flow and get paid faster by moving their AR process online:

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Online Invoice Presentment

Present invoices and supporting documents (tearsheets) 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.

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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“In forming NEWSCYCLE Solutions from the predecessor companies we made a commitment to continuously work to change the game, and be the leader for the global news media industry. To help achieve that status we have selected VersaPay as our invoicing and AR automation provider. With this new solution we can effectively manage all aspects of invoicing, accounts receivable and payments in a PCI compliant environment, provide automatic notifications and reminders, and we save a great deal of time by automating many of the routine tasks. The enhancements enable us to focus more time on our customers.”

NEWSCYCLE Solutions Lynn Danko, Chief Financial Officer

VersaPay makes the transition to the cloud easy and worry-free for media 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 media including NEWSCYCLE Solutions and many others.

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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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