Versapay

Senior Product Manager - Cash Application

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Technology, SoftwareIndustries

Job Description: Senior Product Manager

Employment Type: Regular Full-Time

About Versapay 🚀

For growing businesses that need to accomplish less with more, Versapay’s Accounts Receivable Efficiency Suite simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash application with AI. Versapay integrates natively with top ERPs, while allowing businesses to collect with a self-serve payment portal and collaborate with customers and teammates to resolve what automation alone can’t.

Owned by Great Hill Partners, Versapay’s employee base spans the U.S. and Canada with offices in Atlanta and Miami. With 10,000 customers and 5M+ companies transacting, Versapay facilitates 110M+ transactions and $170B+ in payments volume annually.

Think you might be the next Veep to join? Read on!!

How you’ll make a big impact here – and on your career:

Product management at Versapay is a craft that requires reimagining the status quo, finding ways to create value, and driving innovative experiences for clients and their customers through technology. We are seeking an experienced and strategic Product Manager to join the Versapay product management team.

In this role, you will be responsible for driving the product experience vision and execution of the roadmap, ensuring it aligns with the company's overall objectives. You will be responsible for leading a cross-functional group of engineering, design, and go-to-market team members to meet the needs of our customers and our business. At the same time, you will be expected to foster a high-performance culture and promote excellence of the craft of Product Management across the company.

As a Senior Product Manager, you will be responsible for driving customer and business value through ownership of new and existing products. You will manage products end-to-end, from early-stage research and ideation, through to implementation and improvement over time. Your impact will be measured by key commercial and customer success metrics.

This role is designed to drive change, both in buyer behavior and operational processes, which means that a great candidate remains effective while being flexible and agile. You’ll use your intellectual curiosity, passion for product, and bias toward action to steer strategy.

What you'll do:

In this role, you will be responsible for iterating existing experiences, driving data-led experiments, and delivering brand-new products. We want to find someone who is curious, can learn quickly, think creatively, and work collaboratively.

  • Unify product strategy: Set the vision and direction for the product. Identify opportunities for cross-product collaboration, standardization, and unification of various product lines and execute on agreed-upon strategies.
  • Own the Product Development Life Cycle: Lead product end-to-end as part of dedicated squads throughout the entire development cycle, including top-end discovery and go-to-market.
  • Be the expert on the product and customer: Know the product inside and out and understand who is using it and what they need to accomplish. Participate in market and technical design sessions, prototypes, and iteration planning meetings to build a product high in utility and adoption.
  • Partner across teams: Leads agile cadences with designers and engineers to ensure alignment and prioritization. Collaborate with Marketing, Professional Services, Sales, and Success leaders to clearly define and develop the product’s value proposition and utilization across the organization.
  • Conduct in-depth market research and user analysis to identify opportunities for payments products. Design hypotheses and effective experiments to test and learn.
  • Identify progressive product features leveraging forward-thinking technology, data, and tools, including ML or AI, that will provide a significantly [content truncated].

Skills

Product Management
Roadmap Development
Customer Needs Analysis
Business Objectives Alignment
Cross-functional Team Leadership
Product Strategy
Product Vision
Product Execution
Market Research
Ideation
Product Implementation
Product Improvement
Commercial Metrics
Customer Success Metrics
AI
B2B Payments
Accounts Receivable
ERP Integration

Versapay

Automates accounts receivable processes for businesses

About Versapay

VersaPay automates accounts receivable processes for businesses, focusing on the B2B market. Its main product, the ARC platform, simplifies invoicing and payment by providing an online self-service portal where customers can receive invoices, make payments, and communicate with businesses. This portal is customizable, allowing clients to tailor the experience to their needs, which enhances customer satisfaction and retention. VersaPay operates on a subscription-based model, charging clients a recurring fee for access to the ARC platform, along with potential transaction fees for processed payments. This focus on customer-friendly solutions sets VersaPay apart from competitors in the financial technology sector, which is rapidly growing due to the demand for digital business solutions. The company's goal is to improve the efficiency of accounts receivable processes, making them more secure and user-friendly for businesses and their customers.

Toronto, CanadaHeadquarters
2006Year Founded
$18.7MTotal Funding
IPOCompany Stage
Enterprise Software, FintechIndustries
201-500Employees

Benefits

Remote Work Options
Flexible Work Hours

Risks

Emerging fintech startups like Zūm Rails pose competitive threats to Versapay.
Relocating headquarters to Miami-Dade may cause operational and cultural challenges.
New executive appointments could lead to strategic shifts affecting client relationships.

Differentiation

Versapay offers a cloud-based invoice-to-cash solution for superior customer experience.
The ARC platform provides a customizable self-service portal for efficient invoicing and payments.
Versapay integrates with various ERPs for automatic payment reconciliation and real-time insights.

Upsides

Versapay's network grew 5X in 18 months, now serving 5 million businesses.
The mid-market's demand for digital AR solutions presents growth opportunities for Versapay.
Versapay's focus on secure transactions aligns with the trend towards virtual card adoption.

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