Case Study: Engineering Sales Associates reduces past-due invoices by 73% with Versapay

Engineering Sales Associates cuts past-due invoices by 73% in 3 months with Versapay

Engineering Sales Associates, a distributor of compressed air and liquid filtration solutions, faced a significant challenge with 33% of its invoices being past due. This was largely due to inefficient, manual accounts receivable processes that were difficult to manage with limited staff. To address this, the company partnered with Versapay to implement its integrated payment solutions and NetSuite integration.

By leveraging Versapay's platform, ESA integrated its payment processing and communications directly within its NetSuite ERP. This created a single source of truth, automated reconciliation, and provided better tracking and tools for customer collaboration. As a result, ESA achieved a 73% reduction in past-due invoices, lowering them from 33% to 9% in just three months, vastly exceeding its initial target and significantly accelerating its cash flow.

Engineering Sales Associates