MESTEC MES for NetSuite
Back to products
Sympa

Versapay AR Automation and Collaboration for NetSuite

Status: Unverified

Transform your AR department to drive efficiency and cash flow with Versapay’s AR automation and collaboration platform designed and built for NetSuite. Versapay connects your AR department to your customers over the cloud, giving customers real-time shared access to their account information, while automating routine AR tasks to reduce manual processes and speed up payments.

View on Suiteapp.com

Categories: , ,
Description

Transform your AR department to drive efficiency and cash flow with Versapay’s AR automation and collaboration platform

Versapay is a leading provider of cloud-based integrated payment and AR automation, enabling businesses to provide a superior customer experience, streamline financial operations, and dramatically reduce AR aging and costs. Thanks to our merger with Solupay, Versapay is also an award-winning NetSuite partner, processing billions of dollars in payments for companies that rely on NetSuite to run their businesses. Serving over 1,200 NetSuite users, the Versapay Network is the first platform to provide AR Automation, Collaboration, and Integrated Payments designed and built to work seamlessly with NetSuite.

Versapay’s accounts receivable software is the complete solution for your AR department. It enables you to deliver invoices over multiple channels, automate most collections work, accept all forms of payments, and gain visibility into the real-time status of your accounts receivable. Versapay for NetSuite transforms your AR department by connecting you with your customers over the cloud to drive efficiency and cash flow with industry-leading adoption rates and payment volumes. Say goodbye to manually matching payments to invoices, resending invoices, and making collections calls – let Versapay’s collaborative AR platform do the work for you.

A successful implementation is more than just going live on time and on budget. Versapay defines success as achieving industry-leading levels of customer adoption and driving down payment times. Transform your B2B payments and AR with confidence knowing that Versapay will set you up for success.

Key Benefits

Versapay for NetSuite Clients:

  • Reduce manual processes by more than 50%
  • Decrease past due invoices by 30%
  • Average savings on payment processing fees by 20%
  • Accelerate speed of payments by 25%

Customer Quote

“Since implementing Versapay, we can see our collections effort get better and better each month. It’s now become a one-stop shop for our customers and as a result, we are realizing better cash flow from it.”

– John Rebescher

Customer Quote

“Prior to Versapay, we were constantly having to hire more people to help with processing orders. Now, we are scaling up with the number of invoices and the number of payments we’re accepting, but we’ve not had to hire anyone.” – Head of Enterprise Automation (Cybersecurity Org, 3,000 Invoices per Month).

FEATURES

Multi-Channel Delivery of Invoices and Statements

  • Automatically deliver invoices to customers according to their preferences, including online access, by email, through connectors to customer AP systems, and even via mail.
  • Verify delivery across all electronic channels, eliminating any delays due to customers not receiving invoices.

Electronic Payments

  • Extends the value of your NetSuite ERP investment.
  • Let customers pay the way they want to – with checks, ACH, credit, debit, and virtual cards – while achieving end-to-end automation for all your payments.
  • Enable customers to automate their payments, schedule payments, and pay in installments – advanced payment features, all under your control.

Versapay's Customer Portal & Collaboration

  • Make it easy to do business together by giving customers real-time access to view a complete history of invoices, payments, credits and deposits, and interactions between their team and yours.
  • Answer questions and resolve disputes holding up payment with integrated collaboration that connects your team with your customers to communicate in real-time.

Intelligent Cash Application & Collections

  • Improve cash application efficiency and accuracy by automating payment reconciliation for payments made inside and outside of Versapay, using advanced AI technology to understand remittance information received through lockboxes, emails, and even printed forms.
  • Decrease time spent making collections calls with automated late payment reminders using customizable email templates and automated workflows, allowing your team to resolve issues holding up payment.

Actionable Insights & Analytics

  • Get a complete, real-time view of your accounts receivable across all customers, geographies, and currencies in perfect sync with your ERP.