TORONTO, May 3, 2022
/CNW/ - Versapay, the leader in Collaborative Accounts Receivable,
is pleased to announce it has been included in The Forrester Tech
Tide™: B2B Payments Augmentation, Q1 2022 report. The report
examines the maturity and business value of 14 technology
categories that support B2B payment augmentation.
Versapay was included as a sample vendor in the accounts
receivable (AR) automation field, which the report lists in the
invest category and notes as having high business value. The report
finds that, "The rising adoption of e-invoices has spurred more
firms to acquire AR automation software to support customer demand
and respond to digital transformation. Vendors in the market are
increasingly integrating invoice issuing, processing, and payment
management capabilities and using robotic process automation (RPA),
AI, and APIs to further streamline and automate AR processes."
"As leaders in collaborative accounts receivable, we're proud to
be included as a sample vendor in Forrester's report and pleased
that the report recognizes the high business value AR automation
provides," says Versapay CEO Craig
O'Neill. "We are proud to offer a network that serves more
than 8,000 clients, processes over $60
billion in payments and handles more than 40 million
invoices. Our continued focus is to drive efficiency and cash flow
by making billing and payment easy for buyers and sellers."
Versapay is leading the development of these solutions,
streamlining and automating AR processes that will transform the AR
department and improve customer experience by connecting midmarket
and enterprise buyers and suppliers over the cloud. Versapay's
collaborative AR platform automates core AR tasks, syncing all data
back to Enterprise Resource Planning (ERP) systems. The Versapay
platform connects AR staff and other departments with their
customers, giving unparallel transparency, an effortless customer
experience, and a secure means to transact digitally.
View a copy of The Forrester Tech Tide™: B2B Payments
Augmentation, Q1 2022 report to learn more about the AR automation
field at
https://www.forrester.com/report/the-forrester-tech-tide-tm-b2b-payment-augmentation-q1-2022/RES177215.
About Versapay
Versapay is the leader in Collaborative Accounts Receivable
(AR). The Versapay Collaborative AR Network is the first solution
that empowers the genius of teams by bridging the gap between
suppliers and buyers through a shared, cloud-based portal.
Versapay's AR automation solutions and next-generation B2B payments
network drive efficiencies and makes billing and payments easier
for enterprises, increasing efficiencies, accelerating cash flow,
and dramatically improving the customer experience. Versapay has
offices in Toronto, Atlanta, London, Amsterdam, and Sydney, and is owned by Great Hill Partners, a
Boston-based technology investment
firm. Learn more at versapay.com. Join the conversation at
twitter.com/Versapay and linkedin.com/company/versapay.
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SOURCE VersaPay Corporation
