TORONTO, Dec. 16, 2014 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce that Technical Sales International (TSI) has selected VersaPay's ARC platform to automate their accounts receivable process. California-based TSI is a leading provider of building information management solutions (BIM) for mechanical, electrical, and plumbing (MEP) contractors and engineers. ARC is VersaPay's cloud-based e-commerce platform that enables suppliers to publish invoices on-line, collaborate with their customers, and securely accept electronic payments.
Tammy Ford, Chief Financial Officer, TSI stated: "We have been looking for a solution that enables us to provide a more seamless and enhanced transaction experience for our customers, and ARC offers just that. Additionally, the ARC solution allows us to receive payments faster while reducing costs and eliminating manual processes. Best of all, our customers will also benefit from administrative efficiencies and cost savings, while retaining complete control over their payables process. Our customers prefer the new approach because they can resolve questions faster and reduce administrative time required to manage and pay invoices."
"We are making a concerted effort to expand our ARC business in the U.S." commented Craig O'Neill, VersaPay's CEO. "Earning TSI's business demonstrates that our efforts in the U.S. are paying off, and we plan to announce other U.S. based customer wins in the near future."
About Technical Sales International (TSI)
TSI provides mechanical, electrical and plumbing (MEP) contractors and engineers around the world with building information management (BIM) technology and professional services. We are dedicated to extending what's possible with today's BIM tools and helping our customers become more innovative, more productive and more profitable.
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC and ARCPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT / ACH payments and automatically reconcile payments to their ERP and accounting software.
VersaPay is headquartered in Toronto, Canada, and has operations in Montreal and New York.
More information about VersaPay can be found at www.versapay.com.
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Image with caption: "VersaPay Corporation (CNW Group/VersaPay Corporation)". Image available at: http://photos.newswire.ca/images/download/20141216_C2224_PHOTO_EN_9562.jpg
Image with caption: "Technical Sales International (TSI) (CNW Group/VersaPay Corporation)". Image available at: http://photos.newswire.ca/images/download/20141216_C2224_PHOTO_EN_9563.jpg
SOURCE: VersaPay Corporation
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