TORONTO, Jan. 24,
2023 /CNW/ - Versapay, the Collaborative Accounts
Receivable (AR) company, is pleased to announce it has been
included in the Forrester report, The AR Invoice Automation
Landscape, Q1 2023.
The landscape overview helps finance and payment professionals
understand the measurable business value that accounts receivable
(AR) invoice automation software delivers and recognizes Versapay
as one of fourteen notable vendors in the AR automation
industry.
The report states: "Accounts receivable, including invoice
issuing and payment processing, is one of the core processes in a
company's financial operations. The rising adoption of e-invoices
has spurred more firms to acquire AR automation software to support
customer demand and respond to digital transformation."
Cloud-based integrated solutions are gaining traction amid a
growing focus to streamline disconnected systems, and the lack of
digital payment options has become a primary challenge, according
to the market dynamics summary in the report.
Versapay is listed in the AR Invoice Automation Landscape
with an industry focus on primary production, professional
services, and wholesale. Versapay's self-reported go-to-market
focus includes all core use cases listed in the report as well as
invoice status tracking and payment notice management.
"Now more than ever during economic uncertainty, the efficiency
and accelerated cash flow that collaborative AR offers is
crucial for business success," said Nancy
Sansom, Chief Commercial Officer of Versapay. "And as one of
the market's only fully-integrated, cloud-based solutions and a
leader in B2B payments, we're proud to be included in Forrester's
landscape overview on AR invoice automation software."
To view a copy of the Forrester AR Invoice Automation Landscape,
Q1 2023 overview and learn more about the AR automation field
visit:
https://www.forrester.com/report/the-ar-invoice-automation-landscape-q1-2023/RES178738 (report
available to Forrester subscribers and for purchase)
For more information about Versapay and its collaborative AR
solutions please visit: https://www.versapay.com/
About Versapay
Versapay is the collaborative accounts
receivable (AR) company. The Versapay Collaborative AR Network
empowers the genius of teams by bridging the gap between suppliers
and buyers through a shared, digital experience. Owned by Great
Hill Partners, Versapay is based in Toronto with offices
in Atlanta, London, Amsterdam, and Miami. With
8,000+ clients and 900,000+ buyers engaged, Versapay handles 40+
million new invoices and drives $60+ billion in global payment
volume annually. Join the conversation
at twitter.com/Versapay and linkedin.com/company/versapay.
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SOURCE VersaPay Corporation