Quadient Accounts Receivable vs. Versapay

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Quadient Accounts Receivable
Score 8.0 out of 10
N/A
Quadient Accounts Receivable, formerly YayPay but acquired by Quadient in 2020, is presented as a complete accounts receivable management platform that gives user's teams more time, more insight, and more control.N/A
Versapay
Score 7.9 out of 10
N/A
Versapay is an AR automation solution from the company of the same name in Toronto, providing what the vendor describes as a customer-centric solution combined with digital invoicing and and statements, and integrated payment solution allowing users to accept all payment types across AR, ecommerce, and POS channels within the user's own ERP.N/A
Pricing
Quadient Accounts ReceivableVersapay
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Quadient Accounts ReceivableVersapay
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Quadient Accounts ReceivableVersapay
User Ratings
Quadient Accounts ReceivableVersapay
Likelihood to Recommend
8.1
(0 ratings)
-
(0 ratings)
Likelihood to Renew
8.2
(0 ratings)
-
(0 ratings)
Usability
8.2
(0 ratings)
-
(0 ratings)
User Testimonials
Quadient Accounts ReceivableVersapay
Likelihood to Recommend
Suited for all sizes, we used them when we were 200 employees and now 500 and seems to be going smoothly.
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In my experience of using Versapay for 5 years, it is well suited to interface with our program.
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Pros
  • Self serve and easy access to customer documents
  • provides a full audit of all collection notes for any invoice in a single repository of data
  • Allows your collection team to become more proactive on issues than reactive - the automated services Quadient offers remove a lot of the manual human tasks
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  • Interfaces with NetSuite
  • Reports easy to produce
  • Funds deposited quickly
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Cons
  • Being able to tell clients which invoices were applied to for payment application
  • More analytical tools
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Likelihood to Renew
Amazing tool which we love. Definitely something to consider if you have a high volume of customers or your team runs lean as it does a lot of the touches without human support
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The fees are what factors if renewing
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Usability
Super easy set up - does not need Admin support to create workflows or templates - anyone with a sense of receivables processes can do it
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Easy to use and understand
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Support Rating
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Quick responses when have questions or concerns.
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Alternatives Considered
Quadient stacked up pretty well. Pricing was a bit higher than what we wanted to spend; however, based on the value we are receiving in a streamlined product, we pulled the trigger on it. Dunning was a bit more limited and manual process in the collections process so we opted for Quadient.
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Return on Investment
  • Decrease in our DSO which was relatively high before
  • Ease of use by our customers to gather statements or invoices
  • Ease of use platform for all employees
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  • Allows to input transactions manually is needed
  • Able to apply refunds to previous charges
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ScreenShots