TrustRadius: an HG Insights company

Versapay

Score7.8 out of 10

11 Reviews and Ratings

What is Versapay?

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.

Read more details.

Categories & Use Cases

Videos

Top Performing Features

  • Payment Tracking

    Enables users to track and record customer payments and apply them to the appropriate invoices

    Category average: 9

  • Credit Management

    Provides tools for managing credit limits, monitoring customer creditworthiness, and setting credit terms.

    Category average: 6.5

  • Aging Reports

    Generates reports that show the age of outstanding invoices, helping users identify and prioritize collections efforts.

    Category average: 7.7

Areas for Improvement

  • Financial Reports

    Generates reports that provide an overview of accounts receivable, allowing users to analyze trends and make informed decisions.

    Category average: 7

  • Integration with Accounting Systems:

    Allows for seamless integration with other accounting software, enabling a smooth flow of data between systems.

    Category average: 7.5

  • Dispute Resolution

    Provides tools for managing and resolving disputes with customers regarding invoices or payments.

    Category average: 8

Great product - Versapay

Use Cases and Deployment Scope

We use Versapay to process our credit card transactions through NetSuite

Pros

  • Interfaces with NetSuite
  • Reports easy to produce
  • Funds deposited quickly

Return on Investment

  • Allows to input transactions manually is needed
  • Able to apply refunds to previous charges

Usability

Other Software Used

NetSuite ERP, Tesorio