CATIC Launches New Accounts Receivable Tool

September 26, 2024

CATIC implemented a cloud-based accounts receivable platform that combines industry-leading automated accounts receivable, intuitive collaboration tools, and a next-generation business-to-business payments network.

CATIC said the implementation of Versapay allows CATIC agents to better manage part of their transaction workflow in a safe and secure manner, while improving the customer experience.

"Versapay is an incredible tool that transforms the way CATIC manages our receivables, fostering transparency, efficiency and stronger agent relationships through seamless communication and real-time insights,” said Jessica Moreno, director of customer receivables for CATIC. “We are already receiving positive feedback from our agents who have used this service. This is just another step towards improving the agent experience at CATIC.”

The benefits of this service include immediate application and posting of payments, elimination of printing and mailing checks, ACH payments or credit card payments via a secure, online portal, and access to payment history for easy reconciliation.


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