DadeSystems
DadeSystems, operating as Versapay, provides an AI-powered accounts receivable automation platform for B2B enterprises in manufacturing, wholesale distribution, and professional services, processing $257B in payments annually across 10,000+ companies via ERP-integrated invoicing, cash application, collections, and B2B payment modules.
- Company typePrivate
- Founded2011
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What DadeSystems does
DadeSystems, founded in 2011 in Miami, operates commercially as Versapay (legal entity Solupay Consulting, LLC d/b/a Versapay, with Versapay ULC as the Canadian operating entity). The company provides a unified accounts receivable automation platform that covers the full invoice-to-cash workflow through five integrated modules: digital invoicing and a self-serve customer portal, AI/ML-powered cash application for matching payments to open invoices, automated collections management with delinquency prediction, real-time reporting and reconciliation (DSO, ADP dashboards), and B2B payment services accepting ACH, credit cards, wires, and virtual cards. The platform is built on cloud infrastructure with native integrations to Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365, supplemented by open APIs and flat-file connectors.
Versapay serves mid-market and enterprise B2B customers primarily in manufacturing, wholesale distribution, and professional services, with named references spanning construction materials, tire distribution, food and beverage, logistics, lumber, and legal services. At scale, the company reports 10,000+ companies transacting on the platform, 120M+ transactions processed annually, and $257B in payments processed annually. Its revenue model is subscription-based SaaS for platform access, augmented by payment processing economics from ISO relationships with Wells Fargo, Fifth Third, U.S. Bank, Esquire Bank, and Fiserv Canada. GTM is sales-led, with direct enterprise sales supported by a partner program, content marketing, and ERP marketplace listings.
DadeSystems firmographics
Firmographics- Name
- DadeSystems
- Legal name
- Solupay Consulting, LLC, d/b/a Versapay
- Website
- https://dadesystems.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DadeSystems, operating as Versapay, provides an AI-powered accounts receivable automation platform for B2B enterprises in manufacturing, wholesale distribution, and professional services, processing $257B in payments annually across 10,000+ companies via ERP-integrated invoicing, cash application, collections, and B2B payment modules.
- Ownership category
- akta.pro rank
DadeSystems industry classification
Industry- Product category
- Accounts Receivable Automation Software
- NAICS
- Software Publishers (513210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- A2A Reconciliation, Reporting & Treasury Ops (FSAMAFAJ)
- akta.pro secondary industry
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where DadeSystems is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
DadeSystems business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription-based SaaS: Versapay operates on a subscription model for its accounts receivable automation platform, charging businesses for access to its invoice-to-cash automation tools, ERP integrations, and B2B payment services
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
DadeSystems product offering
Product offeringCore offering
DadeSystems operates the DadePay / Versapay accounts receivable automation platform, which automates the invoice-to-cash cycle for B2B finance teams. The unified SaaS platform combines digital invoicing, AI-powered cash application, collections management, AR reporting, and B2B payment processing, with native integrations to NetSuite, Sage Intacct, and Microsoft Dynamics 365 ERPs. It is sold to mid-market and enterprise customers in manufacturing, wholesale distribution, and professional services on a subscription basis.
Product overview
Versapay is a unified accounts receivable automation platform that automates and simplifies the entire invoice-to-cash process. The platform consists of five integrated modules: Digital Invoicing and Customer Portal for electronic invoice presentment and self-service payments; Cash Application for AI-powered automatic payment matching and reconciliation; Collections Management for automated collection task prioritization and delinquency prediction; Reporting and Reconciliation for real-time AR metrics and cash flow visibility; and B2B Payment Services for flexible digital payment acceptance. These modules work together to enable straight-through processing from invoicing through reconciliation, with native ERP integrations to NetSuite, Sage Intacct, and Microsoft Dynamics 365, plus open API connectivity.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Invoicing and Customer Portal
- Cash Application
- Collections Management
- Reporting and Reconciliation
- B2B Payment Services
Quantifiable outcome
- Customers boost cash receipts by $6 million (Laticrete case study)
- +1 more outcomes
Companies that use DadeSystems
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
DadeSystems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability5 records
Feature5 records
DadeSystems partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Oracle NetSuitecoreNative ERP integration allowing seamless invoice and payment data synchronization between Versapay's AR automation platform and Oracle NetSuite accounting systems
- Sage IntacctcoreNative integration with Sage Intacct for automated invoice delivery, payment matching, and GL reconciliation
- Microsoft Dynamics 365coreNative integrations for both Dynamics 365 Business Central and Dynamics 365 Finance & Supply Chain Management
- Wells Fargo Bank, N.A.minorVersapay operates as a registered Independent Sales Organization of Wells Fargo Bank, N.A. for payment processing services
- Fifth Third BankminorVersapay operates as a registered Independent Sales Organization of Fifth Third Bank for B2B payment services
- U.S. Bank National AssociationminorVersapay operates as a registered Agent of the Canadian branch of U.S. Bank National Association
- Esquire Bank NAminorVersapay is a registered Agent of Esquire Bank NA for payment processing
- Fiserv Canada Ltd.minorVersapay operates as an Independent Sales Organization of Fiserv Canada Ltd., utilizing Clover payment infrastructure
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
DadeSystems competitors and assessment
Company assessmentEmerging players
- Tesorio: Tesorio is an emerging AR/cash flow analytics and collections automation platform. It is more narrow than Versapay on payments but overlaps on collections intelligence and AR dashboarding, and addresses a similar finance audience.
Direct peers
- AvidXchange: AvidXchange is an AP/AR payments automation platform focused on mid-market B2B bill pay and increasingly receivables. It shares Versapay's embedded B2B payment model with bank/sponsor partnerships and serves a similar controller/finance buyer profile.
- HighRadius: HighRadius is the largest direct competitor in AI-powered accounts receivable automation. Both companies target enterprise and mid-market finance teams with cash application, collections, and order-to-cash workflows, and both emphasize AI/ML straight-through-processing on large transaction volumes.
- Billtrust: Billtrust is a direct B2B order-to-cash automation competitor covering invoicing, credit, collections, cash application, and payments. It targets the same mid-market/enterprise finance buyer persona and pursues an integrated invoice-to-cash platform model comparable to Versapay's positioning.
- Stampli: Stampli is an AP-centric automation platform with growing AR and payments functionality. It shares Versapay's mid-market focus, AI-driven document matching, and ERP integration-led distribution strategy.
- Tipalti: Tipalti is an end-to-end payables and, increasingly, receivables automation platform. It overlaps Versapay on AR workflow automation, embedded B2B payments, and ERP integrations, and targets the same mid-market finance buyer.
- YayPay (Finastra): YayPay (now part of Finastra Treasury) is a direct AR automation competitor offering collections and cash application. It targets a similar mid-market and enterprise finance audience and is frequently short-listed alongside Versapay by AR leaders evaluating point vs. platform solutions.
Broad incumbents
- Quadient: Quadient offers customer communications and accounts receivable automation solutions. Its AR-focused offerings overlap Versapay's invoicing, collections, and customer portal capabilities, and it serves similar mid-market and enterprise finance teams.
- BlackLine: BlackLine is a broader financial close and accounting automation platform with AR automation modules that overlap Versapay's cash application and reporting capabilities. It is a scaled incumbent serving enterprise CFOs and competes in the same budgetary swim-lane for AR automation spend.
- Bottomline Technologies: Bottomline is a broad B2B payments and AR automation incumbent. Its payments and AR capabilities intersect Versapay's core modules, especially B2B payment acceptance and cash application, making it a frequent competitor in mid-market and larger enterprise evaluations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
DadeSystems social profiles
Digital presenceDadeSystems compliance and trust
Trust signalCompliance2 records
DadeSystems financial estimates
Financial estimateRevenue estimate
Valuation estimate
DadeSystems leadership team
Management profileNumber of profiles
Profiles6 records
DadeSystems funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DadeSystems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DadeSystems
What does DadeSystems do?
DadeSystems operates the DadePay / Versapay accounts receivable automation platform, which automates the invoice-to-cash cycle for B2B finance teams. The unified SaaS platform combines digital invoicing, AI-powered cash application, collections management, AR reporting, and B2B payment processing, with native integrations to NetSuite, Sage Intacct, and Microsoft Dynamics 365 ERPs. It is sold to mid-market and enterprise customers in manufacturing, wholesale distribution, and professional services on a subscription basis.
Is DadeSystems a public or private company?
DadeSystems is a private company. It is classified as unknown and is currently operating.
When was DadeSystems founded?
DadeSystems was founded in 2011. It employs 11 to 50 people.
Where is DadeSystems based?
DadeSystems is headquartered in Miami, United States, in the North America region.
How does DadeSystems make money?
One revenue line is on record: subscription-based SaaS.
Who are DadeSystems's main competitors?
Tesorio is listed as an emerging player. Direct peers are AvidXchange, HighRadius, Billtrust, Stampli, Tipalti and YayPay (Finastra). Broad incumbents are Quadient, BlackLine and Bottomline Technologies.
Does DadeSystems have an API?
Yes. Open APIs and flat file integrations for ERP connectivity. Versapay offers API documentation for developers at developers.versapay.com, enabling integration with various enterprise systems. Developer documentation is at developers.versapay.com.
What industry is DadeSystems in?
DadeSystems's product category is Accounts Receivable Automation Software. Its primary akta.pro industry code is FSAMAFAJ, A2A Reconciliation, Reporting & Treasury Ops, with a secondary code of FSAMAFAB, A2A Payment Initiation Service Providers (PISPs). Its NAICS code is 513210 and its SIC code is 6199.