Traditional invoicing and accounts receivable methods are inefficient with manual tasks, delays in invoicing and posting payments, plus time-intensive collections efforts with little insight. That’s why VersaPay focuses exclusively on the invoice-to-cash process and offers its cloud-based, intelligent AR solution, VersaPay ARC™. This eBook will detail 6 ways VersaPay ARC will transform accounts receivable for your business.
In the digital world, B2B transactions are constantly changing. The manner in which transactions are initiated and conducted have to improve as the pace of business moves faster every day.
To review the history of any transaction, see below to follow the step-by-step instructions.
To review the history of any transaction, click on the Transactions tab. Here you will find a list of all the transactions processed through your account. There are filters you can use to refine your search for a specific transaction if needed. Clicking on the token number, the unique identifier assigned to transactions, will display the history for that transaction.
The transaction history will provide the following information:
a. Transaction initiation date
b. Current status of the transaction
c. Each transaction step and respective timeline
Note: Transactions funded by bank accounts may take up to 4 business days to process and complete.
The following chart outlines the various transaction statuses and what they mean:
Do you like the sound of getting get paid faster and improving customer satisfaction? If so, you’re ready for accounts receivable automation.
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