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

VersaPay Strengths, Domain Expertise, and Key Differentiators

VersaPay excels in innovative Order-to-Cash solutions, boasts extensive industry experience since 2006, and strategically enhances its capabilities through mergers and acquisitions. The company's comprehensive suite, specializing in Accounts Receivable automation, seamlessly integrates with modern ERPs. Leveraging AI and ML, VersaPay ensures cutting-edge automation and insightful analytics, solidifying its leadership in the financial technology landscape.

VersaPay Recent Developments

In June 2021, VersaPay, fueled by a substantial $200 million private equity infusion from Great Hill Partners, unveiled strategic technological enhancements. This integration effectively consolidates its product suite into a cohesive platform, strategically poised to optimize customer experience. By affording seamless access to VersaPay's multifaceted capabilities tailored for mid-market and enterprise segments, this move substantiates the company's commitment to delivering a sophisticated, integrated solution. Such strategic maneuvers underscore VersaPay's adept navigation of the market landscape, fortifying its positioning and elevating its value proposition within targeted segments.In June 2021, VersaPay, fueled by a substantial $200 million private equity infusion from Great Hill Partners, unveiled strategic technological enhancements. This integration effectively consolidates its product suite into a cohesive platform, strategically poised to optimize customer experience. By affording seamless access to VersaPay's multifaceted capabilities tailored for mid-market and enterprise segments, this move substantiates the company's commitment to delivering a sophisticated, integrated solution. Such strategic maneuvers underscore VersaPay's adept navigation of the market landscape, fortifying its positioning and elevating its value proposition within targeted segments. Versapay, a leader in Collaborative Accounts Receivable (AR), has appointed Power Cloud Consulting as a Premier Partner, recognizing their expertise as a distinguished NetSuite Alliance partner. As a Premier Partner, Power Cloud Consulting gains access to Versapay's comprehensive resources and support, enabling them to drive digital payment adoption and enhance value for their clients. Specializing in wholesale distribution and eCommerce, Power Cloud Consulting is well-positioned to leverage Versapay's products to transform accounts receivable processes and deliver exceptional solutions for their customers. This strategic collaboration aligns with Versapay's vision and reflects Power Cloud Consulting's past performance and growth potential.

VersaPay Mergers and Acquisitions (M&A) Activities

In April 2022, VersaPay successfully acquired U.S.-based fintech firm DadeSystems, strategically expanding its suite of accounts receivable automation solutions and bolstering its AI and machine learning capabilities. This move also enhances VersaPay's presence in the enterprise and mid-market segments while adding key talent to its growing team. Versapay Corporation, a leader in Customer-Centric Order-to-Cash solutions, has successfully merged with Solupay in 2020, a leading payment services provider. Operating under the Versapay brand with Craig O'Neill as CEO, this strategic integration enhances Versapay's AR automation and integrated B2B payments offerings. The undisclosed private transaction brings together Versapay's global network of 8,000 clients and 500,000 users, driving an annual payment volume of $10 billion. The merger positions Versapay to provide best-in-class Order-to-Cash solutions for mid-market and enterprise organizations.

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

No. of VersaPay Customers: 10000

No. of VersaPay Enterprise Applications Customers: x

No. of VersaPay Cloud Customers: x

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VersaPay caters to a customer base exceeding 8,000. Notable clients in its portfolio include Tirehub, RPT, Sharp, Regency Centers, DeVere Insulation, Wurth Canada, The Bank of Tampa, and Carter Lumber.

VersaPay Market Opportunities, M&A and Geo Expansions

In January 2022, VersaPay expanded its Executive Leadership Team with the addition of three seasoned professionals. Ward Schultz assumes the role of Chief Financial Officer (CFO), bringing a wealth of financial expertise. Nancy Sansom, appointed as Chief Marketing Officer (CMO), is tasked with overseeing strategic marketing initiatives. Alex Hoffmann, the newly appointed Executive Vice President of Payments, brings extensive experience to drive and optimize the payment-related facets of the organization.In January 2022, VersaPay expanded its Executive Leadership Team with the addition of three seasoned professionals. Ward Schultz assumes the role of Chief Financial Officer (CFO), bringing a wealth of financial expertise. Nancy Sansom, appointed as Chief Marketing Officer (CMO), is tasked with overseeing strategic marketing initiatives. Alex Hoffmann, the newly appointed Executive Vice President of Payments, brings extensive experience to drive and optimize the payment-related facets of the organization.

VersaPay Risks and Challenges

This risk arises from exposure to currency exchange rate movements, potentially impacting the financial performance and valuation of VersaPay's instruments.

VersaPay Ecosystem, Partners, Resellers and SI

Armed with an extensive roster of NetSuite clientele and an expanding network of partners, Versapay anticipates integrating additional real-time and data-driven functionalities into its NetSuite payment solution. This strategic move aims to streamline and enhance the ease with which clients can initiate and oversee digital transactions.

VersaPay Cloud Infrastructure Insights

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• VersaPay Public Cloud and Infrastructure (IaaS)
• VersaPay Platform (PaaS)
• VersaPay Application Delivery
• VersaPay Private Cloud and Data Centers

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: