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Versapay AR Automation

Finance teams automate invoice-to-cash: digital invoicing with a customer payment portal, collections workflows, AI-assisted cash application, ACH, card and wire payments, and ERP-connected reporting.

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By Versapay

versapay.com

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Overview

Customers receive branded digital invoices and use a portal to view balances, pay by ACH or card, set up AutoPay, and log disputes or short-pays. Collections workflows segment accounts by risk, send dunning emails, track promises to pay and generate prioritized tasks, with AI summaries and sentiment signals. Cash application uses AI, machine learning and OCR to match ACH, wire, check and card payments to open invoices and route exceptions. Payments can be embedded in NetSuite, Sage Intacct and Dynamics 365, and other ERPs connect through open APIs or flat files. Dashboards show DSO, average days to pay, aging and unapplied payments.
More product details

Product

Demo Url
versapay.com/demo-center-interactive-product-tours
Solution Kind
Platform

Who it is for

Organization Types
  • Business

Features

Receivables Ledger

Account status, outstanding balances and invoice and payment histories

Aging reports and unapplied payment tracking

Categories: Accounts Receivable

Customer Statements

Personalized summary statements and customer communications

Categories: Accounts Receivable

Payment Collection

Automated dunning outreach by risk segment

Promise-to-pay tracking

More details & conditions: Payment Collection

Prioritized collector tasks

Dispute logging and resolution

Delinquency prediction

Categories: Accounts Receivable

Invoice Processing

Generate and deliver digital invoices

Create recurring invoices

More details & conditions: Invoice Processing

Extract remittance data with OCR

Sync invoices and payments with the ERP

Categories: Accounts Receivable

Online Payments

Customers pay invoices online by ACH or card

Stored payment methods and AutoPay

More details & conditions: Online Payments

Pay several invoices at once

Categories: Accounts Receivable

Partial Payments

Customers log short-pays and payment discrepancies in the portal

Short-pays and deductions routed for validation in cash application

Categories: Accounts Receivable

Billing & Invoicing

Automated invoice delivery and reminders

Payment rules with due dates and grace periods

More details & conditions: Billing & Invoicing

Branded invoices by business unit or geography

Categories: Accounts Receivable

Aging Tracking

Customizable AR aging reports

Open receivables and aging drill-down by customer segment or collector

More details & conditions: Aging Tracking

Predictive aging insights

Categories: Accounts Receivable

Invoice History

Customer access to invoice and payment histories 24/7

Download of invoices

Categories: Billing and Invoicing

Online Invoicing

Electronic invoice presentment and payment

Delivery by portal, email or API

More details & conditions: Online Invoicing

Email delivery and engagement tracking

Categories: Billing and Invoicing

Invoice Creation

Automated invoice creation

Invoice generation from the ERP

More details & conditions: Invoice Creation

Recurring invoice creation

Categories: Billing and Invoicing

Customizable Invoices

Company-branded invoices

Customization by business unit, geography or segment

More details & conditions: Customizable Invoices

Personalized statements and communications

Categories: Billing and Invoicing

Show all details (22)

Invoice Processing

Digital invoice delivery through supplier and customer portals

Invoice sync with ERP

Categories: Billing and Invoicing

Recurring/Subscription Billing

Recurring invoice creation

Recurring payment terms

More details & conditions: Recurring/Subscription Billing

Scheduled future payments and AutoPay

Categories: Billing and Invoicing

Billing Portal

Self-service customer portal for viewing and paying invoices

Stored payment methods and notifications

More details & conditions: Billing Portal

Disputes and in-portal messaging

Categories: Billing and Invoicing

Online Payments

Accept ACH, card and wire payments online

Payments through digital invoices, customer portals and virtual terminals

Categories: Payment Processing

Debit/Credit Card Processing

Credit and virtual card processing

Level 2 and 3 data for interchange optimization

More details & conditions: Debit/Credit Card Processing

Rules-based card surcharging

Categories: Payment Processing

Multiple Payment Options

ACH

Credit cards

More details & conditions: Multiple Payment Options

Virtual cards

Wire transfers

Checks

Categories: Payment Processing

Payment Gateway Integration

Integrated payment acceptance embedded in the ERP

Hosted payment pages and portals

Categories: Payment Processing

Recurring/Subscription Billing

Recurring payment support

AutoPay enrollment and scheduled future payments

Categories: Payment Processing

Transaction Monitoring

Payment activity tracking

Fraud protection and risk mitigation tools

Categories: Payment Processing

ACH Payment Processing

Accept and process ACH payments

Automatic application of ACH payments to invoices

Categories: Payment Processing

Workflow details

Reconciliation
  • Name
    Automated payment-to-invoice matching
    Scope
    Cash application
    Description
    AI and machine learning match ACH, wire, check and card payments to open invoices with 90%+ straight-through processing; remittances from email, PDF, EDI, AP portal or lockbox are normalized with OCR.
  • Name
    Short-pay and deduction exceptions
    Scope
    Cash application
    Description
    Short-pays, discounts and deductions are routed to the right team member for validation, with configurable match rules for complex scenarios.

Categories: Accounts Receivable · Billing and Invoicing

Settlement
  • Settlement currencies

    USD or CAD

    Description
    Invoice and collect in customers' local currencies while funds are automatically settled in USD or CAD.
  • Funding speed

    Next-day funding

    Description
    Next-day funding is listed among the payment features.

Categories: Payment Processing

Technical details

API

Programmatic access
Yes

Languages & regions

Business Currencies
  • USD
  • CAD

Deployment

Client Channels
  • Browser
Delivery Models
  • Cloud (SaaS)

AI

Use Cases
  • Sentiment analysis
  • Information extraction
  • Text summarization

Security

Assurances
  • Standard
    PCI DSS

Reviews

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