Versapay
by Versapay · AR & Collections
Collaborative accounts receivable automation and B2B payments for finance teams.
- Works with
- Sage Intacct, NetSuite, Microsoft Dynamics, Oracle
- Deployment
- Cloud
- Company size
- Mid-market, Enterprise
- Pricing
- Quote-based
- Founded
- 2006
- Headquarters
- Miami, United States
Overview
Versapay is an accounts receivable automation and B2B payments platform that helps finance teams digitize invoicing, accelerate cash application, and streamline collections. It markets itself around a "collaborative" AR model: a self-service customer payment portal lets buyers view invoices, ask questions, dispute charges, and pay online, reducing the back-and-forth that typically slows down collections.
The platform's Accounts Receivable Efficiency Suite spans digital invoice delivery, a customer portal for self-service payments and account management, AI/machine-learning-driven cash application that matches incoming payments (checks, ACH, wires, cards, and detached remittances from email, PDFs, AP portals and data files) to open invoices, and collections workflows that prioritize at-risk accounts. It also provides embedded B2B payment acceptance (ACH, credit card, virtual card, wire) and real-time dashboards for DSO, ADP and other AR metrics.
Versapay reports serving roughly 10,000 customers, over 5 million companies transacting through its network, and processing more than 100 million transactions and over $170 billion annually. It was founded in 2006, was acquired by Great Hill Partners in 2020, acquired fintech DadeSystems in 2022, and is now headquartered in the Miami, Florida area.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Digital Invoicing & Customer Portal
Electronic invoice delivery and a self-service payment experience for buyers.
- Digital invoice delivery with embedded payment links
- Self-service customer payment portal
- Invoice disputes and inquiries handled in-portal
- Recurring billing and AutoPay
- Customer account and payment history visibility
Cash Application
AI/ML-driven matching of incoming payments to open receivables.
- AI-powered payment-to-invoice matching
- Ingests checks, ACH, wires and card payments
- Detached remittance capture from email, PDFs, AP portals and data files
- Automated exception handling for unmatched payments
- Reduced manual reconciliation effort
Collections Management
Automated, prioritized workflows for chasing overdue balances.
- Risk-based prioritization of past-due accounts
- Automated collections workflows and reminders
- Dispute and deduction tracking
- Collector task and workflow automation
B2B Payment Acceptance
Embedded payment processing across multiple payment types.
- ACH and wire payment acceptance
- Credit card and virtual card acceptance
- Interchange-plus and surcharging pricing options
- Tokenized, PCI DSS-compliant payment processing
Reporting & Reconciliation
Visibility into AR performance and financial close.
- Real-time DSO and ADP dashboards
- Cash flow and AR aging visibility
- Faster month-end close support
- Bank and GL reconciliation support
Collaborative AR Network
A shared network connecting buyers and suppliers on the platform.
- Network effect across 5M+ transacting companies
- Reduced onboarding friction for repeat payers
- Buyer-supplier communication tied to invoices
Connectivity & Integration
ERP and ecommerce connectivity layer.
- Native ERP connectors (NetSuite, Sage Intacct, Microsoft Dynamics 365)
- Open APIs and flat-file integration for other systems
- Ecommerce platform sync (e.g. WooCommerce, Magento)
Common use cases
- Automating invoice delivery and payment collection for a mid-market finance team
- Reducing days sales outstanding (DSO) by prioritizing high-risk overdue accounts
- Cutting manual cash application effort by auto-matching payments with mixed remittance formats
- Giving B2B customers a self-service portal to pay invoices and resolve disputes without calling AR staff
- Accepting ACH, card and virtual card payments natively inside Sage Intacct or NetSuite workflows
- Speeding up month-end close with real-time AR reconciliation dashboards
- Consolidating payment acceptance for a company using multiple ERPs after an acquisition
Strengths & considerations
Strengths
- "Collaborative" AR model centered on a buyer-facing self-service portal rather than a purely back-office AR tool
- Large existing payer network (5M+ companies) that can reduce onboarding friction for new customers' buyers
- Long-standing, deep native integration with Sage Intacct (Sage-recommended partner) alongside NetSuite and Microsoft Dynamics 365
- AI-driven cash application that ingests remittance detached from the payment itself (email, PDF, AP portals)
ERP integrations
Syncs invoices, payments and journal entries; embedded payment acceptance inside Sage Intacct workflows
Covers both Dynamics 365 Business Central and Finance & Supply Chain Management
Supported via open APIs and flat-file exchange rather than a dedicated native connector
Pricing
Custom-quoted based on transaction volume, number of AR users, and ERP integration scope; typically includes a subscription plus payment-processing fees (e.g. interchange-plus pricing). Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS (multi-tenant)
- Compliance
- PCI DSS, SOC 2
About the vendor
- Founded
- 2006
- Headquarters
- Miami, United States
- Employees
- ~400
- Ownership
- Private (backed by Great Hill Partners)
Alternatives to Versapay in AR & Collections
Versapay — frequently asked questions
Does Versapay integrate with Sage Intacct?
Yes. Versapay is a Sage-recommended solution with a native, embedded integration for Sage Intacct that syncs invoices, payments and journal entries and supports embedded payment acceptance.
Does Versapay integrate with Microsoft Dynamics or NetSuite?
Yes. Versapay offers native connectors for Oracle NetSuite and both Microsoft Dynamics 365 Business Central and Finance & Supply Chain Management, plus open APIs and flat-file options for other ERPs including Oracle systems without a dedicated connector.
How much does Versapay cost?
Versapay uses quote-based pricing driven by transaction volume, number of AR users, and ERP integration scope, typically combining a subscription fee with payment-processing charges; there is no public price list.
What does Versapay's cash application feature do?
It uses AI and machine learning to automatically match incoming payments (checks, ACH, wires, cards) to open invoices, including remittance detached from the payment itself, such as from email or AP portals, to speed up reconciliation.
Evaluating AR & Collections?
Tell us your ERP and requirements and we'll send an independent shortlist — including Versapay and the best-fit alternatives — with honest pros and cons.