Versapay is focused on transforming accounts receivable efficiencies and accelerating companies’ cash flow by connecting AR teams with their customers over the cloud. Through the Versapay Network we make billing and payments easy for buyers and sellers, reducing costs and eliminating paper, checks, and manual business processes. Based in Toronto with offices in Atlanta, Cleveland, Baltimore, LA, and Las Vegas, Versapay is owned by Great Hill Partners, a Boston-based technology investment firm.
“With that much manual cash application, you’re bound to make mistakes, And that was causing frustration for our customers. We also couldn’t hold customers accountable for what they owed when we were misapplying payments and credits. We were really struggling to manage our accounts and our customers were frustrated with the mistakes we were making.”
"The best part of the VersaPay Tenant Portal is that our tenants can view invoices, obtain backup and make payments any time with the press of a button. Additionally, it is easy for tenants to sign up for the online service which is very intuitive, saving them time."
“One of our strategic initiatives was to create a better collaboration and payment experience for thousands of our small business and accountant customers. We wanted to provide an easy-to-use online environment that provides our customers with more payment options. We searched the market, including Versapay, and evaluated many companies for the best solution. Although we had the ability to build something in-house, we selected Versapay as they had already invested in a robust solution that met our requirements and they were extremely accommodating in providing additional functionality that we subsequently requested.”
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