VersaPay Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

VersaPay Strengths, Domain Expertise, and Key Differentiators

In April 2024, Versapay strengthens its leadership team with the appointment of Ed Neumann as Chief Financial Officer, a key move to accelerate its growth strategy. With over 30 years of experience in driving financial performance across high-growth technology sectors, including fintech, e-commerce, and SaaS, Neumann brings a wealth of expertise. He has previously played instrumental roles in guiding Shopkeep through its acquisition by Lightspeed Commerce and facilitating Borderfree’s IPO and acquisition by Pitney-Bowes. As CFO, Neumann will spearhead Versapay’s financial strategies, helping the company scale its Accounts Receivable automation solutions and maintain its leadership in the financial technology space.

VersaPay leads the way in transforming Order-to-Cash processes with its advanced solutions, backed by over 15 years of industry expertise. Through strategic mergers and acquisitions, the company has expanded its suite of Accounts Receivable automation tools, offering seamless integration with modern ERPs. By utilizing AI and machine learning, VersaPay drives efficient automation and delivers data-driven insights, strengthening its position as a frontrunner in the evolving financial technology sector.

VersaPay Recent Developments

In June 2024, Versapay announced key leadership promotions to accelerate its growth in the B2B payments and AR automation space. Christy Johnson was named Chief Product Officer, leveraging her background at Capital One and EY to drive a product strategy centered on customer experience and innovation. Barrett Smith, with deep expertise from WorldPay and Global Payments, was appointed Chief Payments and Customer Operations Officer to lead payment operations, analytics, and service excellence. Christina Wedge, with 15+ years in payments and ERP partnerships, was promoted to VP of Channel Partners, strengthening Versapay’s ERP ecosystem strategy. These appointments reflect Versapay’s focus on scalable innovation, seamless digital payment experiences, and a data-driven customer-centric approach to drive adoption and market leadership.

In May 2023, Versapay named ArcherPoint a Premier Partner, strengthening its position in Collaborative AR by aligning with a long-time Microsoft Dynamics expert. This partnership, part of the VersaPartner program, integrates Versapay’s payment tools directly into ERP systems, enabling streamlined AR automation and improved customer experience. The collaboration supports Versapay’s growth strategy by enhancing digital payment adoption and boosting operational efficiency for clients.

VersaPay Mergers and Acquisitions (M&A) Activities

In April 2022, VersaPay made a strategic acquisition of U.S.-based fintech firm DadeSystems, significantly enhancing its accounts receivable automation solutions and bolstering its AI and machine learning capabilities. This acquisition also strengthens VersaPay's footprint in both the enterprise and mid-market segments, while attracting top talent to its growing team. Additionally, VersaPay's merger with payment services provider Solupay in 2020, operating under the VersaPay brand, further amplified its AR automation and integrated B2B payment solutions.

VersaPay Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying VersaPay applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of VersaPay and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Versapay AR Automation customers.

VersaPay Key Enterprise and Cloud Applications

Versapay AR Automation

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VersaPay Direct vs Indirect sales

VersaPay Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified VersaPay Customers

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In April 2024, North Atlantic International Logistics boosted revenue by $10 million through Versapay’s automated accounts receivable solution. By streamlining invoicing, enabling pre-payments, and improving customer communication, NAI gained $2.5 million in new revenue and projected an additional $10 million. Staff time was freed for more strategic tasks, saving $18,000 annually, while customer experience improved with faster payments and better transparency.

In May 2024, Gulf Coast Panama Jack (GCPJ) optimized its accounts receivable process by adopting Versapay’s digital solution, seamlessly integrated with Microsoft Business Central. This transformation reduced days sales outstanding (DSO) by 67%, from 30 to 10 days, and saved 20 hours weekly by automating invoicing, payment processing, and cash application. With 70% of eligible customers now paying digitally, GCPJ enhanced customer satisfaction and streamlined operations, redirecting saved time toward more strategic initiatives.

Versapay serves a diverse and expanding customer base of over 10,000 organizations, positioning itself as a trusted partner for leading brands across sectors. Prominent clients such as Tirehub, RPT, Sharp, Regency Centers, DeVere Insulation, Wurth Canada, The Bank of Tampa, and Carter Lumber rely on Versapay’s advanced AR automation and Order-to-Cash solutions to streamline financial workflows, enhance customer payment experiences, and drive data-backed revenue optimization strategies.

VersaPay Market Opportunities, M&A and Geo Expansions

​Versapay is poised for significant growth in the coming years, leveraging the increasing global demand for digital payment solutions and accounts receivable (AR) automation. Opportunities include expanding into emerging markets where efficient AR software is in high demand, forming strategic partnerships with fintech companies and financial institutions to enhance product offerings, and investing in innovation to stay ahead in the rapidly evolving fintech landscape. By focusing on customer experience and maintaining robust regulatory compliance, Versapay aims to solidify its position as a leader in the AR automation industry.

VersaPay Risks and Challenges

Versapay may face several key risks in the coming years, including currency exchange rate volatility due to global expansion, rising digital payment fraud threats, and economic pressures like inflation and interest rate hikes. Additionally, regulatory compliance across multiple regions could pose operational challenges. Proactive risk management and strengthened cybersecurity will be essential to sustain growth and protect financial performance.

VersaPay Ecosystem, Partners, Resellers and SI

Versapay’s ecosystem revolves around its AI-powered Accounts Receivable Efficiency Suite, seamlessly integrating with leading ERP systems like NetSuite, Microsoft Dynamics 365, and Sage Intacct to automate invoicing, accelerate payments, and reduce manual processes. Strengthened by strategic partnerships with major tech and financial players, and supported by flexible API integrations, Versapay delivers a scalable, collaborative AR solution that evolves with business needs across diverse industries.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: