Versapay is an innovative business software system designed to streamline and optimize the accounts receivable (AR) process. The product offers over 150 customizable notifications that enable collectors to focus on customers who are struggling to pay their bills, eliminating the need for routine tasks. Versapay provides a centralized view of all receivables by leveraging data from current ERP and billing systems. It combines industry-leading AR automation with intuitive collaboration tools and a next-generation B2B payments network.
By deploying Versapay's collaborative approach, businesses across industries such as transportation and logistics, manufacturing, wholesale distribution, media, commercial real estate and more are able to connect their AR staff with customers in the cloud. This improves work efficiency while accelerating digital payments and improving customer satisfaction rates through proactive reminders delivered via accurate data. Users have reported significant results including a 50% reduction in manual workloads,a 30% decrease in past-due invoices, an eAdoption rate of up to 80%, an average customer satisfaction rating of 95%, and payment speeds increased by up to 25%. With Versapay as your choice tool for managing accounts receivables you can enjoy greater visibility into your cash flow management whilst having everything at your fingertips so you can make informed decisions easily.
Enables users to track and record customer payments and apply them to the appropriate invoices
Category average: 9
Provides tools for managing credit limits, monitoring customer creditworthiness, and setting credit terms.
Category average: 6.5
Generates reports that show the age of outstanding invoices, helping users identify and prioritize collections efforts.
Category average: 7.7
Generates reports that provide an overview of accounts receivable, allowing users to analyze trends and make informed decisions.
Category average: 7
Allows for seamless integration with other accounting software, enabling a smooth flow of data between systems.
Category average: 7.5
Provides tools for managing and resolving disputes with customers regarding invoices or payments.
Category average: 8
We use Versapay to process our credit card transactions through NetSuite
NetSuite ERP, Tesorio
