Versapay
Shared supplier-buyer portal for invoices and dispute resolution, with payment processing on Versapay's own rails.
About Versapay
Most overdue B2B invoices are not late because a reminder failed to send — they are late because someone on the buyer side disputes a line item and the argument lives in email threads finance cannot see. Versapay built its platform around that failure mode: the customer portal is a shared workspace where supplier and buyer teams look at the same invoices, settle them by ACH, card, or wire, and resolve disputes in-thread. The company brands this "Collaborative AR" and backs it with real depth on the money-movement side, processing payments itself as a registered Independent Sales Organization of Wells Fargo, Fifth Third, U.S. Bank, and Elavon. The network numbers are substantial: 10,000+ customers, 5M+ companies transacting, 120M transactions, and $257B in payments processed annually.
Cash application is largely the product of the April 2022 DadeSystems acquisition — the Miami vendor whose technology powered AR solutions for Wells Fargo and Fifth Third — and now runs AI matching that Versapay credits with 90%+ straight-through processing; a Forrester TEI study puts ROI at 138%. Native integrations cover Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365 (Business Central and Finance & SCM), with an open API and flat-file options for everything else. Budget accordingly: there is no public price list, and Transformance's buyer research places mid-market deployments at $50,000-$150,000+ per year before card processing fees in the 2.5%-3.5% range. The corporate story is winding — founded in Canada in 2006 by Michael Gokturk and Kevin Short, listed on the TSX Venture Exchange in 2010, taken private by Great Hill Partners in February 2020 for roughly C$126 million — and the company is now US-headquartered under CEO Carey O'Connor Kolaja, appointed March 2023.
Pricing
- Model
- Paid
- Starting price
- Custom quote
- Notes
- No published pricing; custom contracts scoped by user seats, transaction volume, ERP integration, and module mix, plus payment processing fees (cards typically 2.5%-3.5%). Third-party estimate (Transformance): entry tier $20K-$50K/yr, mid-market $50K-$150K+/yr, implementation $30K-$80K in year one. Demo-led sales, no self-serve signup or free tier.
Key Features
- Collaborative customer portal: shared invoice view, in-portal payments, and dispute resolution between supplier and buyer teams
- AI/ML cash application with 90%+ straight-through processing across ACH, wire, check, card, and lockbox channels
- Integrated B2B payment processing (ACH, credit cards, embedded ERP options) — Versapay processes payments directly as a registered ISO of Wells Fargo, Fifth Third, U.S. Bank, and Elavon
- Electronic invoice presentment and automated billing
- Collections automation with prioritization of high-risk accounts
- Real-time AR dashboards: DSO, ADP, and collections trends
- Native ERP integrations: Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 (Business Central, Finance & SCM); open API and flat-file options
Platforms
- Web
- API
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From the vendor
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Listing last updated: August 28, 2026