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The first Collaborative AR Network
Versapay transforms the AR department by connecting AR staff to their customers over the cloud.
Typical customers
Platforms supported
Support options
Training options
Value for money
4.1
/5
16
Starting from
No pricing info
Value for money contenders
Functionality
4.1
/5
16
Total features
27
3 categories
Functionality contenders
Overall Rating
4.3
/5
16
Positive reviews
6
9
1
0
0
Overall rating contenders
Kami K.
Accounting, 51-200 employees
Used daily for 6-12 months
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The ease of use and it's customer-friendly platform. The automatic notifications feature eliminates the time it requires to follow up with customers who have outstanding invoices. Tagging customers in to different categories helps develop lists and keeps you from scrolling through page after page. Our company has saved an extensive amount of time and money in man hours by switching to Versapay. Any questions that arise are quickly answered by customer support, usually within the hour. Having a support team as exceptional as Versapay's standing by is what makes this software a class above the rest.
This software keeps improving and they listen and deliver on what clients are requesting. Any request I have made has been implemented with new updates, or customer support solves the issue for us in a timely manner. Therefore, I have no complaints about this software.
Sheila O.
Real Estate, 501-1,000 employees
Used daily for 6-12 months
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The overall experience of the Accounts Receivable team has been positive. VersaPay has had an immediate impact on the daily process in our department. Being able to process and communicate all in one platform has greatly reduced the amount of time the A/R Staff spends on each account. They are able to communicate to all of their tenants at once with setting up Notifications such as Monthly Statements. We are looking forward to the next year and learning to use the VersaPay tools to create further efficiencies.
VersaPay is an easy to use tool for our A/R Staff as well as our tenants. The communication features save us time and creates efficiencies in our daily process. Billing questions are answered quickly (almost immediately) and disputes are resolved before the invoice becomes overdue. Because we are sending a PDF attachment of our Invoice Notifications we have eliminated ALL paper mailings since the day of our Go Live! The visibility of VersaPay helps us to understand where each tenant is at, and assist them to understand the product and feel comfortable with using it. The Payment File we receive is uploaded directly into our ERP System relieving open charges accurately and without staff processing.
The biggest product limitation to date has been the Payment Limits. We have many big tenants with high rents that may not be able to pay through VersaPay with the current structure. We are currently looking into other options and direct to bank processing of payments.
Dharun R.
Research, 51-200 employees
Used daily for less than 6 months
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Easy to use interface and capabilities of application are very useful. It minimizes the time involved in entire accounts receivable application.
Not innovating as much as it's competition like YayPay, HIghRadius and it also focus on mid market where the competition is intense. It should innovate more to stand out in competition
Talia F.
Real Estate, 501-1,000 employees
Used weekly for 6-12 months
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VersaPay has a great UI which is easy for both AR/Collections staff and Tenants to navigate.
VersaPay should look into additional reporting capabilities within the tool.
Heather P.
Food & Beverages, 1,001-5,000 employees
Used daily for 1-2 years
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The benefits: Providing viability for our clients into their Stone Brewing account(s), leading to more accurate payments. Providing ACH/check by phone as a one-time and auto payment option. Sending automatic past due notifications to our clients.
The flexibility of the alerts, the flexibility of autopayment scheduling, the ease of navigation, the AR metrics, and the invitations taking our clients directly to the account(s) intended. Extracting reports into Excel is also very easy.
We have daily issues because the account linking functionality cannot be blocked. Our clients continue to mistakenly link accounts because Versapay ARC cannot disable the functionality, and then they complain when users receive e-mails for a linked account they aren't involved with. Sluggish search performance causes delays when on live phone calls assisting our clients. Autopay ignoring open credits causes frequent issues but we have a ticket open to remedy this.
Versapay has the following pricing plans:
Pricing model: Subscription
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