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92
Miami, FL (USA) / Toronto, Canada Late Stage (PE-Backed)

Collaborative Accounts Receivable Network

Versapay Corporation • Led by Craig O'Neill (Former CEO)

🔒 Confidential
COI SCORE 92 VERIFIED

🔬 The Innovation Core

The Pain Point

Traditional AR automation focuses on internal efficiency (OCR, workflows) but ignores the root cause of late payments: friction with the *customer*. Disputes, missing POs, and lack of communication happen in siloed emails, causing 'Invoice Stagnation' even with automated reminders.

The Solution

A 'Collaborative AR' network that connects buyers and suppliers on a shared cloud layer. Instead of just sending PDF invoices, it provides a self-service portal where buyers can view, chat, dispute, and pay invoices in one place, effectively turning the invoice into a two-way communication channel.

⚡ Verified Impact

● Validated
$170 Billion+ AnnuallyPayment Volume
69% (Forrester Study)Efficiency Gain
90%+ (AI Cash App)Match Rate
110 Million+ / YearTransactions
CERTIFICATION

Gold Standard

TRL 9/9

📊 Market Traction

Revenue History ($M)

Market Share

🧠 Analyst Verdict: Mid-Market Leader

"Versapay has redefined the AR category by shifting the focus from 'Automation' to 'Collaboration'. While competitors like HighRadius focus on heavy AI for the enterprise back-office, Versapay wins in the mid-market by solving the 'Customer Experience' gap—reducing DSO not by pestering clients, but by making it easier for them to communicate and pay via a shared portal."

✅ Pros

  • Collaborative Portal: Unique 'shared view' allows buyers and suppliers to comment directly on line items (like Google Docs for invoices), resolving disputes faster than email.
  • Network Scale: With 5M+ companies transacting on the network, supplier onboarding is often frictionless.
  • ERP Agnostic: Deep, native integrations with NetSuite and Microsoft Dynamics make it the 'default' choice for these ecosystems.

⚠️ Risks

  • Enterprise Depth: Lacks the extreme configurability for complex global deduction management found in HighRadius or Billtrust.
  • AI Scope: While they have AI Cash App, their primary innovation is workflow/portal based rather than deep predictive modeling of payer behavior.
  • Payment Fees: As a Payment Facilitator (PayFac), transaction fees can be higher for large-volume merchants compared to 'bring your own processor' models.

🛠️ Use Cases

💡
Dispute Resolution

Buyers comment 'Missing Widget' directly on the invoice line item, triggering an alert to AR to fix it immediately.

💡
Virtual Card Automation

Automatically accepting and reconciling virtual card payments without manual entry.

💡
Short-Pay Management

Automatically routing deduction reasons to the right department based on portal inputs.

Market Maturity

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9

Commercial Grade

Fully audited operational history. Ready for scale.

6

Prototype / Pilot

Functional in relevant environments. High risk, high reward.

Current Maturity Status

TRL Score 9.0 / 9.0
  • check_circle Technology validated in lab (TRL 4)
  • check_circle System prototype demonstration (TRL 7)
  • check_circle Actual system proven in operations (TRL 9)
Transparency

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Technical Diligence

> Architecture Review: PASS
> Security Audit: ISO 27001
> Scalability Test: 10k TPS

Customer Verification

> Client Interview: #8821
> Deployment Status: LIVE
> ROI Confirmed: 18% Savings

Certification Issued

STATUS: VERIFIED verified

Enterprise Action Center

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