VersaPay Corporation

VersaPay Corporation, now trading as Versapay, supplies accounts receivable software that covers the path from sending an invoice to matching the payment. Finance teams use it to get invoices paid and reconcile the money against their ledgers.

What VersaPay Corporation offers

• Invoice delivery — electronic invoices sent to customers through a self-serve portal.
• Collections automation — tools that predict late payers and prioritise risky accounts.
• Payment acceptance — card, ACH and wire payments in one integrated platform.
• Cash application — automatic matching of incoming payments to invoices, posted to the ERP.
• Cash flow forecasting — receivables metrics and trends that help teams close faster.

Who it works with

The software suits businesses of all sizes and connects to their existing accounting or ERP systems.

Key facts

• Founded: 2006 in Vancouver.
• Offices: Toronto and New York, according to the earlier profile.
• Listing: went public on the TSX-V in January 2010.
• Security: its design can reduce a customer's card-data compliance scope.