AUTOMATED COLLECTIONS

The Better Way to Work with Customers

Put an end to time consuming and ineffective collections activities. With better visibility, insights, and collaboration you can improve your DSO while delivering a better customer experience.

Download Video Transcript

Work
Smarter

Real-Time
Data

Inline Task
Management

Customer
Analytics

Quick Dispute
Resolution

The Collections
CRM

Work Smarter

Stop spending time on mundane and repetitive tasks and focus instead on customers who can't (or won't) pay. Easily segment your customers and tailor your communications to automate your collections efforts and drive desired payment behaviors. Set up smart workflows once, and you’re done.

Real-Time Dashboards and Data

Quickly navigate through company, division, invoice, and line-item data, empowering you with a real-time global view of your outstanding receivables—fully synchronized with your ERP(s). The days of relying on stale aging reports, data exports, and spreadsheets for your analysis are over.

Inline Task Management

Effectively build and manage great customer relationships throughout the entire AR cycle. Automate time-consuming tasks and give your team the tools and time they need to focus on solving customer issues. Communicate with your customers one-on-one with personalized notifications and reminders. The result: an AR process that’s finally built for scale.

“The reporting within Versapay improves collections because we're identifying things earlier in the process. It also makes our life easier because now information is getting disseminated out to other folks who can help them. I think that really helps bring the whole team's knowledge to bear on collections, which then would help in lower balances, earlier collections, all the kinds of tangible things you want to see.”

Dave Buell

Senior VP, Chief Accounting Officer, Kite Realty

Customer Behavior Analytics

Never wonder about the status of an account again. With complete transparency into the entire account history, you can drill into invoice, payment, credit, and customer interaction data to drive key insights such as late payment patterns or the effectiveness of weekly invoice notifications.

Quick Dispute Resolution

Resolve issues quickly and get paid faster. Give your collectors and customers tools to easily share information and address questions, errors, omissions, or missing documentation.

The Collections CRM

Establish a central, single source of truth for everything related to your customers’ open AR—effectively a CRM for accountants. With all customer, account, payment, and interaction data in once place, it’s easy to involve your sales reps, service team, shipping personnel, and more to solve customer issues.

4 Steps For Turning Accounts Receivable Into a Strategic Growth Driver

Jan 14th, 2021

Inefficient accounts receivable processes leave cash trapped in operations for long periods of time, stopping you from investing in growth opportunities. In this blog, we share 4 strategies for speeding up the cash conversion cycle.

Shopping Small: How We Partnered With Batch This Past Holiday Season

Jan 13th, 2021

Small businesses need our support now more than ever. This past holiday season we had the opportunity to partner with one of our own small business clients, Batch, to send out our company gifts. Read about our experience with them in this blog.

What is DSO and Why is it the Lifeline for Accounts Receivable?

Jan 7th, 2021

Days Sales Outstanding (DSO) is a metric that every finance team should watch closely. So what is it, how do you calculate it, and why is it so important? We tell you everything you need to know about DSO in this blog.