Collaborative AR
Automate accounts receivable tasks and collaborate with teammates and customers.
Versapay vs Billtrust
Versapay’s Accounts Receivable Efficiency Suite simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash application with AI.
Distinct from solutions built for Fortune 500s, we provide responsive support, fast implementations, and the flexibility to start with what you need and add more as you grow.
Talk to an expert
In this 15-minute intro call, we’ll discuss your accounts receivable challenges and goals, so we can match you with the best possible solutions.
Online portals your customers will love (and actually use)
Sky-high platform adoption
Online payment portals accelerate payments, automate cash reconciliation, enable greater insight into collections, and improve customer experience.
But only if customers are actively using them.
Billtrust attempts to drive platform adoption by analyzing customer invoicing and payment data. Because our cloud-based, self-service customer portal needs little support and is easy to use, we boast the highest customer adoption rate in the marketplace.
- Billtrust's average customer adoption: 30%
- Versapay’s customer adoption: 82%
Four solutions. One flexible suite.
ERP Payments
Accept payments from any sales channel within your ERP.
Customer Portal
Provide a convenient self-service payment portal to your customers.
Cash Application
Automatically match and apply any payment from any channel using artificial intelligence.
The clear-cut, mid-market choice
High (out)performers
Billtrust’s platform lacks features that support various regional requirements.
We're fully compliant for payments, which is why leaders across 25+ industries choose Versapay to automate their accounts receivable, including:
- 2 of the 10 largest US food distributors
- 2 of the 10 largest US building material manufacturers
- 13 of the 100 largest US credit unions
- 9 of the 65 largest US banks
- 10+ fortune 500 companies, including Intuit, Coldwell Banker, PepsiCo, and US Foods
The features that set us above
Versapay vs Billtrust
While Billtrust and Versapay both have powerful AR automation platforms, Versapay leads the charge by also factoring in customer experience.
Our Collaborative AR platform combines industry-leading AR automation with easy-to-use collaboration tools and next-generation B2B payment network.
Collaborative, intelligent collections
Billtrust employs static, rule-based workflows that limit how well AR teams can prioritize collector activities.
We streamline operations with zero-touch collection tools and timely notifications, and guide collections by delivering valuable, actionable insights into which customers require immediate attention and intervention.
AI-powered cash application
Automate your cash application process using AI, machine learning, and optical character recognition to match any payment type with open receivables.
Capture and reconcile payment data, eliminate entry errors, significantly reduce manual effort, and speed up cash flow with an all-in-one, straight-through processing cash application solution.
Better control over disputes
Manage disputes at the invoice or line-item level and resolve them quickly using real-time messaging and communication tools.
While Billtrust lets you tag, categorize, give reasons to and assign disputes to departments, collectors can’t communicate directly with the buyer or resolve issues without having to resend new invoices.
Cloud-based tools
Share data and account information with your customers in real-time by collaborating in a cloud-based portal. Address questions, errors, or missing documentation, and get clarity on unapplied payments.
A shared portal means you and your customers are always engaged and working collaboratively.
No-fuss onboarding
As a payment facilitator, we manage the underwriting process (you’re up and running fast) and have considerable control over your experience (no third parties!) including transaction processing, chargeback management, and streamlined billing processes.
Plus, we’ll reduce the number of vendors you need to manage.
Timely service and support
Your AR team expects their customers to pay quickly. Why should their service and support expectations be different?
Billtrust has a limited geographic presence, and its support network is focused on North America. Versapay’s dedicated support teams provide advanced levels of direct implementation support and service.
Trusted by leading businesses
- 20 hours saved weekly
- 67% lower DSO
Getting up and running with Versapay was seamless. The implementation process went incredibly smooth and knowing we had a dedicated person at Versapay to support us through it was huge. The Versapay team is phenomenal.
- 25% less time spent on AR
- 10 less time spent on AR
That amount of time saved is pretty significant. We no longer need to update payments in one system and manually update customer invoice statuses in another.
Why businesses choose Versapay
Close the gap between your AR team and customers
Talk with an expertnstration of Versapay’s Collaborative AR automation platform. Discover how pairing self-service cloud-based tools that foster collaboration and transparency with world-class automation technology will eliminate many of the problems that slow down payments and drive inefficiency.
Frequently asked questions
Collaborative Accounts Receivable is a new, customer-focused way of managing receivables—and you’ll only find it with Versapay.
Instead of just automating back-office AR tasks, Collaborative AR also connects buyers and sellers over the cloud to speed up payments, eliminate inefficiencies, and deliver significantly better experiences.
Traditional AR involves a standard set of processes for managing what a company's customers owe for goods/services they have provided but have yet to receive payment for.
It relies highly on manual tasks and back-and-forth communication over outdated channels like phone and email. Collaborative AR, on the other hand, streamlines accounts receivable processes by connecting buyers and sellers digitally, over the cloud, allowing unparalleled communication and transparency.
Versapay’s Collaborative AR automation platform and B2B payment network transform AR departments to drive efficiency, accelerate cash flow, and dramatically improve the customer experience.
It does this by connecting AR departments with their customers over the cloud. This approach collaboration and transparency, eliminating many of the problems that slow down payments and cause inefficiencies while empowering customers with self-service.
Billtrust offers several services, including invoicing, payments, cash application, and others. They focus on automating tasks, rather than fostering collaboration.
In comparison to Collaborative AR, what Billtrust truly lacks is the ability to empower in-platform communication and collaboration, instead focusing on back-office tasks. This limits how efficiently disputes and questions can be resolved, as well as how they are tracked.
Companies across a wide variety of industries use Versapay, including but not limited to manufacturing, distribution, and commercial real estate. We typically serve Mid-Market and Enterprise-level companies, though we welcome businesses of all sizes.
Companies that use Versapay also tend to be those who are looking to truly transform AR, rather than just automating back-office tasks.
Billtrust customers are often those focused on using automation exclusively, rather than empowering collaboration, to improve efficiencies and speed up cash collections. Companies of various sizes are Billtrust users and there are a number of BillTrust competitors, including Versapay.
Our teams are committed to helping you find the answers you need to successfully transform your AR department. Beyond our dedicated implementation specialists, we offer comprehensive phone and email support.