Versapay
About
Versapay provides a unified invoice-to-cash automation platform for B2B finance teams, covering digital invoicing, collections management, cash application, and payment processing. The platform uses AI and machine learning to automate accounts receivable workflows, match payments to invoices, and integrate with leading ERPs including NetSuite, Sage Intacct, and Microsoft Dynamics 365. Versapay serves over 10,000 customers processing more than 120 million transactions and $257 billion in payments...
Details
VenSearch Intelligence
Ideal Customer
- Versapay's primary sweet spot is mid-market B2B companies with 51–1,000 employees that are experiencing pain from manual AR processes, high DSO, and fragmented payment reconciliation.
- Their ideal customer is a CFO, Controller, or AR Director at a company using NetSuite, Sage Intacct, or Microsoft Dynamics 365 who needs to automate invoicing, collections, and cash application without a heavy IT lift.
Key Differentiators
- Versapay's primary differentiator is its 'Collaborative AR' model—a buyer-supplier portal that enables real-time dispute resolution, communication, and self-service payment directly between trading partners, rather than purely automating back-office AR tasks.
- It holds the #1 ranking on NetSuite's SuiteApp Marketplace for payment acceptance and has been recognized as a Market Leader in AR automation alongside Bill.com, Billtrust, BlackLine, Esker, HighRadius, and Stripe.
Industries Served
- Versapay serves a broad range of B2B industries, with the deepest focus on wholesale distribution, manufacturing, professional services (including accounting, legal, and consulting), commercial real estate, transportation and logistics, technology, construction, and media/business services.
- The platform is specifically tailored for these verticals with industry-specific AR automation workflows for manufacturers, distributors, and professional services firms.
Service Coverage
- Versapay operates primarily across North America, serving customers in the United States and Canada, with offices in Miami, FL and Atlanta, GA.
- The company's employee base spans the U.S. and Canada, with its workforce concentrated 97%+ in North America.
Partnerships
- Versapay holds deep ERP ecosystem partnerships, including being named Oracle NetSuite SuiteCloud Partner of the Year (2021) and serving as the first NetSuite partner to power NetSuite Pay.
- It also holds 'Plus Tier' Fintech Sage Recommended Solution status for Sage Intacct (awarded May 2023), making it part of a select, vetted group of Sage partners.
Company Size & Ownership
- Versapay was founded in 2006 and currently employs approximately 370–400 people, with headcount peaking at roughly 450 in 2023 before a modest decline.
- Estimated annual revenue ranges from $42M (GetLatka ARR estimate) to higher third-party figures, reflecting uncertainty around exact ARR vs. total revenue including payment volume.
Compliance & Certifications
- Versapay holds PCI DSS Level 1 Service Provider certification—the highest level available for payment processors—assessed annually by an approved Qualified Security Assessor.
- The platform also holds SOC 1 Type 1 and SOC 2 Type II certifications, and adheres to PIPEDA, GDPR, and Privacy Shield data protection frameworks.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
10 offeringsAR Automation for Manufacturers
A tailored accounts receivable automation solution for manufacturing companies managing high-ticket orders, complex invoicing with multiple SKUs, change orders, deposits, and shipments, and extended credit terms. The platform connects digital invoicing, collections management, cash application, and B2B payment processing in a unified system that integrates with legacy ERPs to reduce DSO, eliminate manual reconciliation, and enable customer self-service through a branded portal.
AR Automation for Professional Services
An accounts receivable automation solution for professional services firms including accounting, law, and consulting companies that manage project-based billing, retainers, hourly rates, and milestone billing structures. The platform automates invoice generation and delivery, captures remittance data from multiple sources, provides a secure client self-service portal, and integrates with practice management systems like Aderant and ERPs like NetSuite. Built-in security controls including role-based access, audit trails, and encryption support SOC 2 and GDPR compliance requirements.
AR Automation for Wholesale Distributors
An accounts receivable automation platform designed for wholesale distributors managing high invoice volumes, narrow margins, complex pricing structures, parent-child account relationships, and check-heavy customer bases. The solution automates invoice delivery, mobile check capture for field representatives, multi-source remittance matching from lockboxes, EDI feeds, and emails, and provides a customer portal for 24/7 invoice access. It integrates with NetSuite, Epicor, and other leading ERPs to sync invoices, payments, credits, and adjustments in real time.
B2B Payment Services
An integrated B2B payment processing platform that accepts ACH, credit cards, virtual cards, wire transfers, and checks, with ERP-embedded payment acceptance for direct invoice payment and automatic reconciliation. The platform includes interchange optimization with Level 2 and 3 data to reduce processing fees by up to 40%, automated surcharging for cost recovery, multi-currency invoicing with USD or CAD settlement, and PCI-compliant tokenization. It also supports next-day funding, recurring payments, and built-in fraud protection.
Cash Application
AI-powered cash application automation software that matches incoming payments to open invoices regardless of how customers remit, including ACH, wire transfers, and checks. The system uses OCR and machine learning to digitize and normalize remittance data from emails, PDFs, EDI files, AP portals, and lockboxes, achieving 90%+ straight-through processing rates. Payments are automatically posted back to the customer's ERP in real time, eliminating manual matching and reducing reconciliation bottlenecks.
Collections Management
An automated collections management solution that uses AI to prioritize high-risk accounts, automate dunning workflows, and predict payment delinquencies using machine learning. Collectors get auto-prioritized task lists, unified customer communication timelines, AI-generated account summaries, and real-time dashboards tracking DSO, promise-to-pay dates, and aging statistics. The software enables customizable workflow cadences by customer segment and supports dispute resolution, promise-to-pay tracking, and escalation tools.
Digital Invoicing and Customer Portal
An electronic invoice presentment and payment (EIPP) solution that automates billing and delivers branded digital invoices through a supplier and customer portal. Customers can view, pay, and manage invoices 24/7, set up AutoPay, manage disputes, and communicate with suppliers through built-in messaging tools. The system integrates with NetSuite, Intacct, Business Central, and other ERPs to automate invoice creation, delivery, and payment reconciliation end-to-end.
ERP Integrations
Native integrations connecting Versapay's invoice-to-cash platform with Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, and Microsoft Dynamics 365 Finance and Supply Chain Management, plus open API and flat file integrations for other ERP systems. Integrations enable real-time data syncing of invoices, payments, credits, and adjustments without heavy IT lift, and allow invoice generation, payment posting, and cash application to occur directly within the ERP environment.
Reporting and Reconciliation
Accounts receivable reporting and analytics software providing real-time dashboards for tracking DSO, average days to pay (ADP), aging buckets, promise-to-pay forecasts, credit limit warnings, and unapplied payments. AI-powered predictive insights surface delinquency risks and payment anomalies before they become problems, helping finance teams accelerate month-end close and improve cash flow forecasting. Dynamic insights cards eliminate the need for manual filtering, exporting, and spreadsheet analysis.
Versapay Intelligence (AI-powered insights and automation)
An AI layer built across Versapay's invoice-to-cash workflows that provides sentiment analysis on customer communications, AI-generated account summaries, anomaly detection, predictive delinquency scoring, and intelligent payment matching. The platform follows a four-stage trust model progressing from augmenting human decisions to fully autonomous agent execution within user-defined permission boundaries. It includes agentic AI capabilities for drafting communications, ordering work queues, flagging risks, and coordinating across systems.
Considering Versapay?
Our team will work with you to determine if Versapay is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.