PaymentsVersapay Again Named a Leader in the IDC MarketScape

PRNewswire PRNewswireDecember 18, 20203 min

Versapay Corporation, the leader in Customer-Centric Order-to-Cash solutions, has been named a Leader in the recently published IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Accounts Receivable Automation Software 2020-2021 Vendor Assessment, December 2020, IDC#US47032320.

The report highlights Versapay’s strengths in collections and analytics, self-service and collaboration, and payments, stating: “The platform consistently achieves strong buyer adoption and drives material savings for suppliers through faster payment, reduced processing costs, removal of manual processes, and customer self-service.”

“The events of the past year have made it clear just how critical convenience and digitization are in creating strong customer experiences,” stated Kevin Permenter, Senior Research Analyst, IDC. “Forward-thinking companies are transforming their AR processes to remove friction from the billing and payment experience, a goal that Versapay supports.”

“We’re excited to be recognized as a Leader for the second year by IDC MarketScape through their comprehensive market research,” said Craig O’Neill, Chief Executive Officer of Versapay. “We’re focused on simplifying buyers’ and sellers’ experience throughout the entire order-to-cash process, and this report confirms that our customer-centric approach highly resonates with the market.”

Versapay was also named in Deloitte’s 2020 Technology Fast 500 report and recently announced its merger with Solupay, creating a B2B Payments network supporting 500,000 end-customers.

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