CHICAGO and TORONTO, June 13, 2017 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced InvenTrust Properties Corp. ("InvenTrust") has signed an agreement to provide its tenants across the U.S. with a tenant portal and payment platform.
"Our company continues to execute our pure-play multi-tenant retail strategy, which has required us to take a critical look at our infrastructure and operating processes in order to scale and drive efficiencies," commented Adam Jaworski, Chief Accounting Officer at InvenTrust. "With VersaPay's platform, our tenants will have self-service account access and our accounting team gains dashboard visibility on key financial metrics to proactively monitor and manage the financial operations. This also provides efficient processes and visibility for our property and asset management teams so they can focus on our tenants and properties, and continue to execute our strategy."
"When considering new approaches for supporting our tenants, we rigorously reviewed multiple options to ensure we were getting the best for our business," stated Dipesh Shah, Chief Information Officer at InvenTrust. "Having put VersaPay's platform through the paces against other top players we are confident that we have selected a solution that will truly support our employees and will be welcomed by our tenants."
"After such an in depth selection process we were very pleased to be chosen by a rapidly growing company like InvenTrust," noted Craig O'Neill, CEO of VersaPay. "The combination of capabilities VersaPay offers, from a secure, convenient tenant portal, to collections tools, online payments, and automated cash application, gives InvenTrust a powerful solution to scale their business and delight their tenants."
VersaPay will be exhibiting at Ad Hoc 2017 being held this week in Chicago at Sofitel Hotel, June 14 – 16th. Those interested in learning more about VersaPay solutions are encouraged to stop by the VersaPay display and speak with a company representative.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. is a pure-play multi-tenant retail company with a focus on acquiring open-air centers pursuant to a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach drives the success of both our tenants and business partners and net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of December 31, 2016, is an owner and manager of 86 retail properties, representing 15.2 million square feet of retail space, and one non-core property.
For further information, please visit www.inventrustproperties.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 present 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.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE VersaPay Corporation
For further information: 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]