CASH APPLICATION AUTOMATION SOFTWARE

Pain-Free Cash Application Has Arrived

Getting paid is critical - but so is applying and accounting for it. Our powerful algorithms and customer tools ensure your cash ends up in the right place, every time.

Complete Cash Application

Regardless of where the payment came from, we give you one place to handle applying it. Checks, wire transfers, ACH, credit cards are all handled in the same place, so that you can spend less time applying cash, and more time maximizing it.

Your Cash App Toolbox

Automation, crawling portals, scanning inboxes, and OCR is part of our toolset to ensure that we're ready and able to support any payment that you receive. Automation and powerful self-serve customer tools ensure that your team only needs to deal with exceptions, which are few and far between.

Collaborative Tools

The reality is that no solution will handle 100% of payments received (although we're already pretty close) - so we've focused on augmenting our automation with tools for our customers to help them match payments to invoices, and collaborate with your team in real-time when a more human touch is required.

“With the VersaPay solution we can effectively manage all aspects of invoicing, accounts receivable and payments in a PCI compliant environment, provide automatic notifications and reminders, and save a great deal of time by automating many routine tasks. The enhancements enable us to focus more time on our customers.”

Lynn Danko

Chief Financial Officer

Always On The Hunt

The real pain in cash application comes with data exists outside of your core systems - such as in vendor portals or inboxes. In these scenarios, our VersaBot shines - quickly and reliably consuming the relevant data and analyzing, normalizing and importing it into ARC, where our algorithms take over and complete the matching process.

Discounts & Deductions

We get that the real work starts for your team when outliers arise - which is why we've built solutions to automate the workflows around discounts, deductions, and short-pays. Routing, reason codes and notifications all ensure the right people are in the loop to solve these issues quickly and keep payments moving.

Straight-Through Reconciliation

Remittances have long been a major source of pain (and manual effort) for your team. From portals and attachments, through to handwriting on the back of an envelope - we'll make sure that you have instant access to remittance data and that it's aggregated and normalized into a useful format that can be ingested by your ERP.

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