Versapay is a financial technology company based in Miami, Florida, specializing in accounts receivable (AR) automation software. Founded in 2006, it focuses on streamlining the invoice-to-cash process through AI-driven invoicing, B2B payments, and cash application. The company has experienced significant growth, powering transactions for 5 million businesses on its payments network.
The core offering is the Accounts Receivable Efficiency Suite, which automates invoicing, payment acceptance, and cash application. This platform integrates with leading ERP systems and features a self-serve payment portal, electronic invoicing, and collaboration tools for teams and customers. Versapay targets mid-market and growing businesses in sectors such as trucking and logistics, commercial real estate, business services, and wholesale, emphasizing innovation through partnerships with major financial institutions and payment processors.
Developer of a predictive AR workflow software designed to accelerate cash flow and automate accounts receivables. The company's software automates payment workflows for the invoice collection process, leverages data and automatic payment communications through big data and machine learning algorithms in order to measures credit risk and historical payment behavior of debtors, enabling back-office finance teams to accelerate collections, improve customer relationships and predict cash flow.
Provider of financial services intended to offer secure and personalized payment processing systems. The company's services are based on a custom, scalable and fast payment system integration to accept global payment through the systems and add value to the software with complete security, enabling business management software companies to grow their business and increase their revenues.
Provider of an advanced AP automation and invoicing platform designed to streamline complex, labor-intensive invoice processes for finance leaders in global enterprises. The company offers touchless invoice processing, smart coding, e-procurement, e-invoice and other services, thereby enabling efficient operations and compliance with regulatory changes, ultimately reducing errors and risks for its target clientele.