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.

These laborious processes impede businesses as they attempt to issue invoices and receive payments in a timely manner. With rising operating costs resulting from changing regulatory requirements, insurance, training and other costs, strong cash flow is essential. It is difficult to maintain adequate working capital as collections on freight invoices stretch 30, 60 to 90 plus days. An efficient AR process is key to resolve these issues.

Drive efficiency of your accounts receivable function

With VersaPay ARC, transportation and logistics companies can improve their cash flow and get paid faster by moving their AR process online:

Online Invoice Presentment

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

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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“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

VersaPay makes the transition to the cloud easy and worry-free for trucking and logistics 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.

Integration with Leading ERPs

VersaPay ARC integrates with leading industry ERPs in trucking and logistics, including McLeod Software 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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