Versapay: Accounts Receivable Automation Software
Versapay helps finance teams manage the invoice-to-cash process. It is designed for businesses looking to reduce manual collections work and automate payment reconciliation.
At a glance
- Category
- Finance & Accounting
- Best for
- Mid-Market Companies, Enterprise Companies, Finance Teams, Manufacturing, Wholesale Distribution
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- 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
- www.versapay.com
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
Provides electronic invoice delivery and a branded self-service portal where customers can view invoices, manage accounts, and resolve disputes.
Uses machine learning to automatically match incoming payments to open invoices to support faster reconciliation.
Automates dunning notifications and uses predictive analytics to help identify high-risk accounts and forecast delinquencies.
Supports the acceptance of ACH, credit cards, and wire payments within an integrated platform.
Provides visibility into Days Sales Outstanding (DSO) and Average Days Paid (ADP) metrics.
Connects with financial systems via open APIs or flat files to sync invoice and payment data.
Use Cases
Transitioning from manual PDF emailing to a digital presentment system with automated delivery and reminders.
Using AI to help match received payments to the correct outstanding invoices.
Segmenting customers by risk and using automated workflows to follow up on overdue accounts.
Allowing buyers to log in to a portal to view their balance, apply credits, and schedule future payments.
Best For
Integrations
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
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.
It has native integrations for Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365, and supports other ERPs via open APIs or flat files.
The platform uses AI and machine learning to automatically match incoming payments to open invoices, which may help speed up the reconciliation process.
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
