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.
Forward Looking and Other Cautionary Statements.
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating 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 are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change.
Neither the TSX Venture Exchange nor its Regulations 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.
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
For further information: For additional information about this news release, please contact: John McLeod, Vice President, Marketing, VersaPay Corporation, Telephone: (647) 258-9406, Email: [email protected]; OR David C.W. Chan, Chief Financial Officer, VersaPay Corporation, Telephone: (647) 258-9475, Email: [email protected]