MINNEAPOLIS and TORONTO, April 18, 2016 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that NEWSCYCLE Solutions is now live on VersaPay ARCTM, the company's AR automation solution.
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"In forming NEWSCYCLE Solutions from the predecessor companies we made a commitment to continuously work to change the game, and be the leader for the global news media industry. To help achieve that status we have selected VersaPay as our invoicing and AR automation provider," noted Lynn Danko, CFO, NEWSCYCLE. "With this new solution we can effectively manage all aspects of invoicing, accounts receivable and payments in a PCI compliant environment, provide automatic notifications and reminders, and we save a great deal of time by automating many of the routine tasks. The enhancements enable us to focus more time on our customers."
"We are thrilled to welcome NEWSCYCLE as a VersaPay ARC customer as they offer the leading ERP platforms for the media industry," stated Craig O'Neill, VersaPay's CEO. "This represents an excellent opportunity for us, as we have demonstrated the value of ARC to multiple NEWSCYCLE customers and now NEWSCYCLE itself. This positions us extremely well to approach many more of their customers, as they will now have direct exposure to the highly intuitive interface and the many benefits offered by ARC. We are looking forward to seeing many of them this week at iConnect Solutions 2016."
In addition to NEWSCYCLE and dozens of other supplier businesses, VersaPay's AR automation solution is gaining the recognition of market intelligence and research organizations. IDC recently published a report profiling VersaPay. Utsav Arora, Senior Research Analyst at IDC notes: "… technology company VersaPay is testament to an evolving organization that has embraced the SaaS model to bring innovation to the financial management and accounting technology market." The full report can be reviewed here: http://arc.versapay.com/idc-vendor-profile-versapay/
VersaPay is exhibiting this week at iConnect Solutions, the annual conference for the NEWSCYCLE User Community, being held in Minneapolis, Minnesota, April 17 – 20. Conference attendees are invited to stop by the VersaPay booth for a first-hand look at the ARC platform.
About NEWSCYCLE Solutions
NEWSCYCLE Solutions – which was formed by the combination of DTI, SAXOTECH, MediaSpan, and the Atex AdBase business – delivers the most complete range of software solutions for the global news media industry, including news content management, advertising, circulation, audience, and analytics. NEWSCYCLE Solutions is a trusted technology partner serving more than 1,200 media companies with 8,000 properties across more than 30 countries on 6 continents. The company is headquartered in Bloomington, MN and has U.S. offices in Florida, Michigan and Utah; with international offices in Canada, Denmark, Germany, Norway, Sweden, and the United Kingdom.
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and also has operations in Montreal.
More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
Forward Looking and Other Cautionary Statements
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SOURCE VersaPay Corporation
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For further information: John McLeod, Vice President, Marketing, VersaPay Corporation, 647-258-9406, email@example.com; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, firstname.lastname@example.org