Case Study: RPC reduces overdue accounts by 70% with Versapay

RPC cuts overdue accounts by 70% with Versapay

The Research and Productivity Council (RPC), a research and technology organization, faced a significant challenge with overdue accounts, amassing $800,000 in invoices over 90 days past due. This cash flow crisis was driven by manual accounts receivable processes and limited payment options for their 1,300+ clients. RPC turned to Versapay to address this challenge.

By implementing Versapay's click-to-pay invoicing solution integrated with Microsoft Dynamics, RPC automated its payment processing. This allowed customers to pay invoices online instantly via secure, personalized links. As a result, RPC reduced its overdue accounts by 70%, slashing the amount of invoices over 90 days past due from $800,000 to under $200,000. The solution from Versapay also accelerated cash flow, with most payments hitting RPC's bank account the next day.

RPC