AI TOOL PROFILE
Versapay: Accounts Receivable Automation Software
- Finance and Accounting
- Billing and Invoicing
- Mid-Market Companies
- Enterprise Companies
- Finance Teams
- Manufacturing
- Wholesale Distribution
- Professional Services
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Mid-Market Companies, Enterprise Companies, Finance Teams, Manufacturing, Wholesale Distribution
- Key use cases
- B2B Invoice Automation, Payment Reconciliation, Collections Prioritization, Customer Self-Service
- Integrations
- Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365, Open API, Flat file
- Official website
- Visit versapay arc official website
How AI is used
Versapay is a unified accounts receivable platform designed to digitize the flow of money from the moment an invoice is sent to the final reconciliation. It replaces manual tracking and PDF-based billing with digital presentment and a self-service customer portal.
The software is built for finance teams, specifically those in manufacturing, wholesale distribution, and professional services. It focuses on reducing the manual effort involved in following up on overdue payments and matching incoming cash to open invoices.
Key capabilities include AI-driven cash application and automated dunning notifications. By connecting with a business's ERP, the tool supports a synchronized view of outstanding receivables and payment trends.
Buyers should confirm if the available ERP integrations match their current accounting setup and whether the invoice-to-cash automation features align with their specific B2B payment workflows.
Key Features
Digital Invoicing & Customer Portal
Provides electronic invoice delivery and a branded self-service portal where customers can view invoices, manage accounts, and resolve disputes.
AI Cash Application
Uses machine learning to automatically match incoming payments to open invoices to support faster reconciliation.
Collections Management
Automates dunning notifications and uses predictive analytics to help identify high-risk accounts and forecast delinquencies.
B2B Payment Services
Supports the acceptance of ACH, credit cards, and wire payments within an integrated platform.
AR Reporting Dashboards
Provides visibility into Days Sales Outstanding (DSO) and Average Days Paid (ADP) metrics.
ERP Integration
Connects with financial systems via open APIs or flat files to sync invoice and payment data.
Use Cases
B2B Invoice Automation
Transitioning from manual PDF emailing to a digital presentment system with automated delivery and reminders.
Payment Reconciliation
Using AI to help match received payments to the correct outstanding invoices.
Collections Prioritization
Segmenting customers by risk and using automated workflows to follow up on overdue accounts.
Customer Self-Service
Allowing buyers to log in to a portal to view their balance, apply credits, and schedule future payments.
Integrations
- Oracle NetSuite
- Sage Intacct
- Microsoft Dynamics 365
- Open API
- Flat file
FAQ
What does Versapay do?
- Versapay is a platform that supports the automation of the accounts receivable process, including digital invoice delivery, payment acceptance, AI-powered cash application, and collections management.
Which ERPs does Versapay integrate with?
- It has native integrations for Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365, and supports other ERPs via open APIs or flat files.
How does the AI in Versapay help with payments?
- The platform uses AI and machine learning to automatically match incoming payments to open invoices, which may help speed up the reconciliation process.
Can customers pay invoices directly through the software?
- Yes, Versapay provides a customer portal where buyers can view invoices and pay using ACH, credit cards, or virtual cards.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
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