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After completing the sale of its merchant services division in 2017, Versapay became focused on offering its Accounts Receivable SaaS solution [buzzword] - Versapay ARC, and started onboarding enterprise accounts on its platform throughout North America.
Accounts receivable, accounts payable, Double-entry accounting, Small Business Accounting, Multi-currency in Global versions, automatic bank feeds and downloads, standard business reporting, management reporting, Payroll, incorporated credit card and bank-to-bank Payments, inventory items, expense management Web-based Sage 50cloud: Proprietary ...
In October 2020, the company acquired UK-based accounts receivable automation company Rimilia for $150 million. [ 19 ] Rimilia's cloud -based SaaS platform "uses AI to accurately apply payments to customer's invoices with any ERP system".
Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.
In contrast, accounts receivable are considered an asset. That’s because accounts receivable represent funds other companies owe the organization. Suppose a souvenir company purchases $1,000 ...
Sage Intacct has a suite of subscription-based accounting products. [16] Its web-based applications are built on top of its internally developed platform. [17] Sage Intacct's application includes accounts payable, accounts receivable, cash management, collaborate, general ledger, order management, purchasing, and reporting and dashboards.
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