Collaborative AR
Automate AR tasks and collaborate with customers over the cloud to identify discrepancies and resolve disputes.Automate AR tasks and collaborate with customers over the cloud to identify discrepancies and resolve disputes.
Collaborative AR does what automation alone can’t
Collaborative AR is a new, more human way to automate accounts receivable. It’s everything you expect from an AR automation solution—plus collaborative tools that connect buyers to sellers over the cloud.
In AR automation, the last 10% makes a 100% difference
Lost invoices. Payment discrepancies. Missing data. Because you can never automate 100% of AR, unavoidable breakdowns in customer experience cost you time and money. That gap is what we call the AR Disconnect.
It’s why we created Collaborative AR, giving you all the benefits of automation—plus the tools to handle that last 10% it alone can’t. And with 86% of CEOs saying invoice to cash confusion costs them revenue, waiting any longer to close the gap simply isn’t an option.
A unified AR platform with the power of cloud collaboration
Each Versapay solution drives efficiency, accelerates cash flow, and improves customer experience. Combined with our B2B payment network, they create a Collaborative AR Network that provides everything your AR team needs in one platform.
Three solutions. One powerful network.
Each Versapay solution drives efficiency, accelerates cash flow, and improves customer experience. Combined with our B2B payment network, they create a Collaborative AR Network that provides everything your AR team needs in one platform.
ERP Payments
Accept payments from any sales channel within your ERP by transacting on a payment network trusted by millions.
Cash Application
Automatically match and apply any payment from any channel using artificial intelligence, so you can focus on more valuable tasks.
Better customer experiences
“Somehow, they found a simple way to solve the problem that also increases customers’ trust. After deploying Versapay, our customers are really happy that they have a handle on everything and can have more meaningful, natural interactions with us.”
Easier collections
“This autopay function in Versapay is like, ‘Wow,’ for me. Invoices are automatically paid, and receipts are automatically sent to our customers. Everything is done electronically, and I just love it.
Efficient and accurate cash application
“The streamlined and accurate cash application process we have as a result of Versapay has drastically improved our critical financial functions of cash flow forecasting and budgeting, which are especially important at year-end.”
Faster cash flow
“Versapay helped us recognize an immediate 30% reduction in our DSO (Days Sales Outstanding) bringing it down from 60 days to 40 days.”
Powering the B2B payment network 1M+ businesses trust.
Transact with other businesses on the network built for B2B commerce. Accepting payments across borders, and by phone, email, eCommerce, and POS.
Is your AR team on track for a digital future?
Learn exactly where you are in your digital AR journey, how you stack up against 1,000+ peers, and how Collaborative AR sets your company up for success. We’ll even show you how to put your AR Transformation Roadmap into action.
Powering the B2B payment network 1M+ businesses trust
Transact with other businesses on the network built for B2B commerce. Accepting payments across borders, and by phone, email, eCommerce, and POS.
See Collaborative AR in action
Set up a quick 15-minute call to see why Collaborative AR is right for your business.
Frequently asked questions about Collaborative AR
Collaborative Accounts Receivable is a new, customer-focused way to manage receivables. Instead of just automating back-office AR tasks, it also connects buyers and sellers over the cloud to collaborate and make billing and payments effortless.
The AR Disconnect is the gap traditional AR automation tools leave between AR teams and their customers. It causes inefficient processes, slow cash flow, and unhappy customers.
Basic portals (sometimes called customer billing portals) simply allow buyers and sellers to view invoice and account histories. A collaborative payment portal does all that while also allowing buyers and sellers to interact over the cloud to manage the invoice-to-cash process together in real-time.
Collaborative Accounts Receivable creates better experiences by:
- Providing transparency and visibility into shared data
- Centralizing communications in one place
- Offering a space for AR and AP teams to collaborate
And those are just a few of the reasons why Collaborative Accounts Receivable keeps your customers happy.
Cloud-based Collaborative Accounts Receivable accelerates cash flow by:
- Centralizing documents and customer payment history in one accessible place
- Creating a direct and transparent communication channel between you and your customers
- Building—rather than breaking—customer relationships with real-time communication