Collaborative Accounts Receivable

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Versapay’s Accounts Receivable automation platform, Collaborative AR, enables AR departments in Mid-market and Enterprise-level companies to collaborate with their customers over the cloud in real-time with shared access to the same information to answer questions and quickly resolve disputes. Plus, it automates manual AR processes, reduces errors, and speeds up collections - all combined with helping companies get paid faster.

Utilizing Versapay’s collaborative AR technology empowers AR teams to create more agile and effective relationships inside and outside of their organization, resulting in improving their customer engagement and higher levels of teamwork internally.

Key Features

Omni-channel eInvoicing:Issue, track and automatically deliver electronic invoices and statements to their customers

PayNow: Make it easy for customers to pay through integrated, omni-channel online payments

Supplier portal: Provides real-time visibility across customer invoice and payment history centralized in the cloud

Secure customer portal: Access to complete, shared account information including outstanding balances, credits, supporting documents and payment history. Ability to collaborate in the cloud with line-item discussion to resolve disputes, apply credits, and set parital payments.

ERP integration: Embedded integration in Oracle NetSuite, Sage Intacct, and Microsoft Dynamics Business Central

Intelligent collections: Automated notification reminders on past due invoices, track and tag late-paying customers, customizable templates and workflows

Cash Application: Use AI and Machine Learning to match up to 90% of all payments automatically

Key Benefits

  • 50% reduction in time spent managing recievables
  • 20% average savings on payment processing fees
  • 25% increase in speed of payment
  • 30% decrease in past due invoices
  • Over 90% straight-through processing
  • 81% customer adoption rate
  • 95% customer satisfaction rate

Product/Service details