TORONTO, Jan. 27, 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 Greentree Logistics has signed an agreement to implement VersaPay's accounts receivable automation solution, ARCTM.
"The transportation industry is incredibly competitive and to set Greentree apart we have reimagined the carrier experience. We have selected VersaPay to help us deliver on that enhanced experience," commented Abbey Van Vynckt, VP of Finance at Greentree. "The ARC platform will save our customers a lot of time and allow them to make payments online in a PCI compliant environment. Additionally, our team at Greentree will be far more efficient as they will no longer have to manually match payments to invoices and they will have access to information dashboards enabling them to better serve customers."
"We have a number of customers in the trucking and logistics sector, and it's great to see players like Greentree changing the game and using ARC to help them meet their objectives," noted Craig O'Neill, CEO, VersaPay. "We expect to see continued growth in this area as our ARC solution has proven to help these companies achieve a marked improvement in their business operations."
About Greentree Logistics
Welcome to a new take on trucking: Reliable service, individual attention, full transparency, and a company that continually strives to do better.
Greentree Logistics meets (and exceeds) nearly every transportation need. We focus on five primary business units: Freight, tank lines, specialized, environmental, and logistics.
A coast-to-coast operation, our terminals are stationed in New Jersey, Pennsylvania, and Minnesota.
More information about Greentree Logsitics can be found on the Company's website at www.greentreelogistics.com.
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.
Forward Looking and Other Cautionary Statements
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position.
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
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SOURCE VersaPay Corporation
Image with caption: "VersaPay Corporation (CNW Group/VersaPay Corporation)". Image available at: http://photos.newswire.ca/images/download/20160127_C3943_PHOTO_EN_607020.jpg
For further information: David CW Chan, Chief Financial Officer, VersaPay Corporation, 647-258-9475, [email protected]; John McLeod, Vice President, Marketing, VersaPay Corporation, 647-258-9406, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]