Versapay Features

As reported in 22 Versapay reviews. Define credit limits per customer or by customer type.

Track the changes made to credit limits and the corresponding reasons. 19 reviewers of Versapay have provided feedback on this feature.

Adjust credit limits manually or automatically (based on pre-defined threasholds). This feature was mentioned in 18 Versapay reviews.

Based on 15 Versapay reviews. Such as CreditSafe, Searches Group, Credit Assist, Experian, Equifax, and Dun & Bradstreet.

Based on 16 Versapay reviews. Ability to revoke credit limits temporarily or permananetly when the amount due by a customer exceeds a predefined amount.

Based on 29 Versapay reviews. Identify incomplete payments and track the rest of the amount due.

Based on 29 Versapay reviews. Track one to many and many to one relationships between invoices and payments.

Identify invoicing errors such as the wrong amount or due date, and make sure that customers pay the correct amount on time. This feature was mentioned in 27 Versapay reviews.

As reported in 26 Versapay reviews. Apply payments to the right Accounts Receivables accounts for each customer.

Manage late payments by time buckets (30, 60, 90 days). 30 reviewers of Versapay have provided feedback on this feature.

Workflows to manage and escalate disputed transactions. 30 reviewers of Versapay have provided feedback on this feature.

Based on 28 Versapay reviews. Ability to communicate with customers using the best channel (ie SMS, online chat, and social media), message, and timing

Comprehensive view of customer details for collections agents. 30 reviewers of Versapay have provided feedback on this feature.

As reported in 27 Versapay reviews. Identify and flag customers that are more likely to pay late.

As reported in 21 Versapay reviews. Calculate the total amount received during a time period and compare with the estimate.

Based on 28 Versapay reviews. Use KPIs to monitor the effiency of the collections department.

Based on 14 Versapay reviews. Ability to scale to any collections volume, at any time

Maximize engagement using live data, behavioral insights, sentiment analysis and payment history This feature was mentioned in 14 Versapay reviews.

As reported in 14 Versapay reviews. Ability to identify and adjust to updated rules and regulations

Customers can use an online portal to submit information and documents required for collections. 28 reviewers of Versapay have provided feedback on this feature.

Customers have online access to document such as copies of Invoices, proofs of delivery, and contracts. 26 reviewers of Versapay have provided feedback on this feature.

Based on 32 Versapay reviews. Built-in security to protect payment information in order to prevent fraud and hacking.

The ability to process credit card payments and receive approval or denial of funds from the customer's bank. 32 reviewers of Versapay have provided feedback on this feature.

The ability to process payments from a digital wallet service or other digital payment method. 24 reviewers of Versapay have provided feedback on this feature.

As reported in 30 Versapay reviews. Reports and analytics created from payment data.

The ability to integrate directly with an e-commerce platform in order to create a seamless checkout experience. 27 reviewers of Versapay have provided feedback on this feature.

Fees associated with processing individual transactions that may be based on a percentage of the purchase or a flat rate. 30 reviewers of Versapay have provided feedback on this feature.

Process payments from multiple channels such as ACH, mobile, or e-commerce. This feature was mentioned in 26 Versapay reviews.

Based on 28 Versapay reviews. Supports levels 1 and 2 for credit card payment processing.

Based on 25 Versapay reviews. Supports level 3 credit card processing which requires additional data for qualification.

As reported in 24 Versapay reviews. Allows users to process payments in multiple currencies.

Provides an online portal where customers can make payments. 29 reviewers of Versapay have provided feedback on this feature.

Provide integration with accounting software and ERP systems. 32 reviewers of Versapay have provided feedback on this feature.

Provide integration with B2B and B2C e-commerce platforms 26 reviewers of Versapay have provided feedback on this feature.

Reports on the status of invoices or payments 22 reviewers of Versapay have provided feedback on this feature.

Run reports on customer credit 19 reviewers of Versapay have provided feedback on this feature.

Tracks all transactions, from issuing invoices to payment reminders to receiving payment 22 reviewers of Versapay have provided feedback on this feature.

As reported in 22 Versapay reviews. Integrates with accounting or similar platforms

Integrates with ERP systems This feature was mentioned in 22 Versapay reviews.

Integrates with Corporate Performance Management platforms This feature was mentioned in 20 Versapay reviews.

As reported in 19 Versapay reviews. Manages credit limits based on customer credit scores, payment history, or other financial metrics

Creates or imports invoices 21 reviewers of Versapay have provided feedback on this feature.

Collects different payment types and manages payment terms 23 reviewers of Versapay have provided feedback on this feature.

Based on 20 Versapay reviews. Offers customizable approval processes for all types of transactions

Reconciles payments to invoices to ensure matching 20 reviewers of Versapay have provided feedback on this feature.

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Improves performance based on feedback and experience

Sends automated messages and reminders, resolves disputes, or does proactive outreach.

Responds to basic questions from inbound emails.

Analyzes past transactions to make a prediction of when future payments are likely to be paid.