Collaborative AR
Automate accounts receivable tasks and collaborate with teammates and customers.
Versapay vs HighRadius
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.
Trusted by leading businesses
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.
AR automation solution that defies tradition
Collaborative AR vs Autonomous Receivables
HighRadius’ autonomous receivables technology is mainly focused on streamlining the invoice-to-cash process through automation—and not on growing accounts receivable's front office potential. This traditional approach fails to consider the customer.
In a profession where communication and collaboration can turn the tides and accelerate cash flow, Versapay brings AR teams and customers together over the cloud. This drives faster solutions to invoice issues that only humans can address together.
Online portals your customers will love (and actually use)
Sky-high platform adoption
Collaborative accounts receivable payment portals accelerate payments, automate cash reconciliation, enable greater insight into collections, and improve customer experience.
But only if customers are actively using them.
HighRadius encourages platform adoption through offering in-application promotional campaigns. 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.
- Industry average customer adoption: 20%
- Versapay’s customer adoption: 82%
The clear-cut, mid-market choice
High (out)performers
According to G2, top enterprises love Versapay's Collaborative AR solution, rating our ease of use, supplier, and customer portal above HighRadius’. That’s why industry leaders 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
See our solutions in action
Discover how our AR Efficiency Suite eliminates many of the problems that slow down payments and drive inefficiency.
The features that set us above
Versapay vs HighRadius
HighRadius put automation on the map. Versapay makes it a destination. Our Accounts Receivable Efficiency Suite goes beyond autonomous receivables combining industry-leading AR automation with easy-to-use collaboration tools and a next-generation B2B payment network.
Built for growing business
HighRadius builds their solutions for the biggest of businesses.
Versapay is focused on helping businesses grow and unlock their full potential, delivering the features that matter most to the mid-market.
Cloud-based tools
Share data and account information with your customers in real-time. Address questions, errors, or missing documentation in the cloud, and put an end to delayed payments.
A shared portal means you and your customers are always engaged and working collaboratively.
Timely service and 24/7 support
Your AR team expects their customers to pay quickly. Why should their service and support expectations be different? HighRadius offers global support, but the turnaround for requests is slow.
Versapay’s North American teams provide advanced levels of support 24/7.
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.
Collaborative, intelligent collections
Prioritized collector activities, zero-touch collection, timely notifications... Check, check, and check. But we also do more than standardize processes across operations.
Where we shine is in empowering your colleagues and customers to support your AR efforts to drive massive efficiencies.
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 HighRadius lets collectors route disputes internally, manage dispute statuses, and add notes, they can’t communicate directly with the buyer or resolve issues without having to resend new invoices.
Why businesses choose Versapay
- 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 days less DSO
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.
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.
Autonomous receivables—or traditional accounts receivable automation—is an approach to automating AR that focuses on automating existing, back-office receivables tasks.
By not connecting buyers and suppliers in a shared cloud-based digital experience, autonomous receivables fails to improve customer experience and only marginally improves your bottom line.
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 empowers collaboration and transparency, eliminating many of the problems that slow down payments and cause inefficiencies while empowering customers with self-service.
HighRadius is used for Autonomous Finance. This includes a number of services, including credit, cash application, forecasting, account reconciliation, and more.
In comparison to Collaborative AR, what Autonomous Finance 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 manufacturing, distribution, commercial real estate, and many more. 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.
HighRadius is generally used by Enterprise-level ($1B+) companies. HighRadius users are typically focused more on back-end functions as key value drivers such as cash application/ACH matching, and deduction management.
Versapay serves clients in a number of industries, including but not limited to Construction, Commercial Real Estate, Distribution, and Manufacturing.
HighRadius serves customers in industries such as Staffing, Consumer Packaged Goods, and Wholesale Distribution, among others.
Autonomous receivables and autonomous accounting are HighRadius’ more AI-driven concepts. At Versapay, we take a thoughtful approach to AI, implementing it where the technology can add value, not just marketing buzz.