Import data
Payment and remittance data is imported into the solution.
Increase efficiency by up to 75%
VERSAPAY HAS ACQUIRED DADESYSTEMS
DadePay’s AI-based cash application solution is now a part of Versapay’s AR automation suite. Automate matching and applying any payment from any channel using our Cash Application solution. With 90% straight-through processing, you’ll save your AR team significant time while also accelerating cash flow.
Capture data from multiple sources and channels
LESS MANUAL WORK
Automatically import everything from checks to credit cards to email attachments—plus much, much more. That way, your customers can pay however they’d like without creating extra work for you.
Let AI do the heavy lifting
FASTER ANALYSIS AND POSTING
Our document analyzer uses AI to read remittance data from emails, image scans, data files, and more. Plus, it gets more accurate every time it’s used. And whether it’s missing and illegible characters or multi-column or multi-page forms, Optical Character Recognition captures a wide variety of formats.
How Versapay’s Cash Application solution works
Capture and analyze
OCR image recognition captures and analyzes remittance data from detached payment information.
Automatically match
AI and machine learning automatically match payments to remittance advice and open invoices.
Deposit and sync
Payments are electronically deposited to your bank and synced with your ERP system.
Plus, when you use Versapay’s Collaborative AR tools, you can easily resolve any disputes automation alone can’t address
The Ultimate Guide to Cash Application
Get this guide to learn:
- Steps in the cash application process
- Key challenges finance teams face
- How cash application automation can transform your AR department and simplify matching payments with open receivables
- Tips on selecting the right partner for your cash application automation solution
With Versapay acquiring DadeSystems, cash application is just the start
Our Collaborative AR Network is what you get when you take our industry-leading AR automation, give it all the collaboration tools we’ve come to expect from modern, cloud-based apps, and then add a next-generation B2B payments network.
It connects buyers and suppliers over the cloud, creating greater AR efficiencies, accelerating cash flow, and drastically improving the customer experience.
Madison Resources
“Because of less time spent manually processing payments, we’ve been able to focus on more strategic work and do more with the same—or even fewer—staff because we haven’t had to replace outgoing staff in some instances.”
Haas Door Company
“We feel strongly that Versapay helps us maintain a certain image—that we are a professional and efficient company to do business with.”
Carter Lumber
“Implementing Versapay was a win-win for us. Our peak days have been reduced from 2 1⁄2 days to less than a day. We were able to continue with our growth plans, improve our efficiency, and provide better customer service with no additions to our staff.”
Save up to 50% on processing fees
BOOK A DEMO
Learn how our Cash Application can help your company increase efficiency and accelerate cash flow.