Versapay extends AI that’s been earning trust in cash application for years — now built into collections, payments, and ERP connectivity
, /PRNewswire/ — Versapay, a leading platform for business payments and accounts receivable automation, today announced Versapay Intelligence, an expanded AI layer running across its platform, alongside new capabilities within its core accounts receivable platform and deeper ERP-embedded integrations. Together, the updates extend Versapay’s coverage across invoicing, collections, cash application, payments, and ERP connectivity, reinforcing the company’s position at the center of the invoice-to-cash workflow.
AI is not new to Versapay’s platform. The company has applied AI and machine learning within cash application for years — powering remittance matching and machine-learning-based risk segmentation well before AI became a standard feature in invoice-to-cash software. Today’s announcement expands that investment, unifying it into one intelligence layer that runs across the platform rather than a single module.
“Versapay is applying one intelligence layer across a platform that already unifies invoicing, collections, cash application, payments, and ERP connectivity,” said Carey Kolaja, Chief Executive Officer of Versapay. “That’s our edge: we’ve spent more than 20 years moving invoices and money, so we see the full picture — not just a transaction, but the operational, payment, and relationship signals behind it. That’s what lets us help define where invoice-to-cash is headed, instead of just keeping pace with it.”
Versapay Intelligence: Earning Trust in Stages
Versapay Intelligence is built around a simple premise: AI is only as valuable as it is trusted, and trust is earned incrementally. Rather than introducing autonomous AI as a headline feature, Versapay designed a four-stage framework that gives customers control over how much responsibility AI takes on, and when:
- Augment — AI supports workflows, surfaces signals, and eliminates manual research, while the customer makes the final call.
- Assist — AI shapes outcomes, drafts communications, orders queues, and flags risks, while the customer acts from a position of clarity.
- Action — AI executes across systems within configured boundaries the customer sets.
- Autonomous — AI coordinates with other agents and closes loops within permission structures the customer has granted.
Within this framework, three Versapay Intelligence capabilities are live: a Versapay Assistant that answers questions like which invoices to focus on today, real-time sentiment scoring that flags at-risk customer conversations, and AI-generated customer summaries covering payment history, overdue balance, credits, and oldest open invoice. Versapay is also now in beta with AI augmented Cash Application, reading remittance details across PDFs, spreadsheets, and scanned images — in dozens of formats — and matching them to open invoices automatically, greatly improving match rates and predictability, with more capabilities on the way.
“We wanted to use AI to augment our customers’ judgment and take work out of the equation,” said Christy Johnson, Chief Product Officer of Versapay. That’s why we started with an assistant that answers your questions directly and surfaces the buyer signals that could have been missed, an enhanced AI in Cash Application that shows its work. When AI tells you the insight and explains how it got there, it earns the trust to take on more.”
Expanding Collections Within Versapay’s Core AR Platform
Versapay customers wanted more out of collections capabilities: less manual work and the freedom to build their own strategies. Collections, and connecting customers with their buyers transparently, have always been a core differentiator of the platform. Now Versapay is reaching further leveraging the intelligence above by offering: automatic segmentation by risk and behavior, configurable workflows with tailored outreach cadences, and auto-prioritized task lists that put the highest-priority accounts in front of collectors first. A unified communications log and performance dashboards for DSO, aging, and promise-to-pay complete the picture.
“We were already running our core AR with Versapay, so expanding into Versapay’s new Collections module felt like a natural next step rather than starting over with a new system,” shared Lisa Pillans, Corporate Controller, Essential Cabinetry Group. We’re most excited about smarter segmentation and automation of routine reminder emails, and getting a daily task list that tells our collector exactly who to follow up with and why — including payment promises — so she can spend her time on the accounts that truly need attention.”
Meeting Customers Inside the Systems They Already Run
Customers asked for one more thing: to be met where they already work, inside the systems they run every day. Versapay continues to embed that intelligence directly into those workflows — across ERPs and other financial systems, including NetSuite, Sage Intacct, and Microsoft Dynamics — so teams can put insights into action as they manage invoices, collections, and cash application. Based on feedback these expanded features have just released:
- Embedded payments for Microsoft Dynamics F&SCM
- Expanded NetSuite Pay, with Canadian merchant support
- Aggregated payment through grouped invoices through Versapay’s customer portal that sync directly back to NetSuite
- Project-based and multi-currency invoice support for Sage Intacct
Versapay has also been recognized by G2 with “Users Love Us” and “Leader” badges.
About Versapay
Versapay is the platform that rewires AR by removing barriers from collecting and reconciling B2B payments, providing end-to-end cash flow clarity so businesses can manage working capital on their terms. By connecting finance teams, their business systems, customers, and payment activity into a single intelligent ecosystem, Versapay turns money matters into a data-driven advantage. With 10,000 customers and 5M+ companies transacting, Versapay facilitates 120M+ transactions and processes $300B+ in payments volume annually. To learn more about how Versapay eliminates financial friction, visit versapay.com.
SOURCE Versapay
