Most CFOs report their teams spend too much time on routine AR work and not enough time helping customers solve problems. AR automation drives efficiency, reduces payment cycle time, and frees up your team’s time to increase customer service and reduce costs.
"Before, we'd only calculate DSO weekly because you'd have to manually pull a sales report, and an AR aging and then calculate it. With Versapay, you login and your DSO is right in front of your face. It's a lot easier for us to calculate and track, which saves us time when we do company-wide report metrics weekly."
Online invoicing and payment acceptance portal
Online supplier portal delivering real time reports and analytics
Full account visibility and customer collaboration
Should You Use Electronic Invoices? Everything You Need to Know About EIPP
Nov 19th, 2020
If you’re still sending out paper invoices, it’s well past time to update your processes. In this blog, we delve into what Electronic Invoice Presentment and Payment (EIPP) is and whether it’s the right move for you.
New Findings from IOFM: Why Your Customers’ Billing and Payment Experience Matters for Cashflow
Nov 12th, 2020
Prioritizing customers’ experience across the order-to-cash lifecycle doesn’t just make customers happy—it helps you improve cashflow. Learn about IOFM’s findings from their latest report.
How to Prepare Your Accounts Receivable for the Death of the Check
Nov 5th, 2020
Checks have all but disappeared from consumer payments, so why do so many businesses still accept them? In this blog we break down the issues around checks, the alternative payment methods replacing them, and how to prepare your AR for the inevitable death of the check.