TORONTO, Sept. 18, 2018 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it has added a $1 Billion US distributor to the list of enterprise companies that have selected ARC® as their invoice-to-cash solution.
The client places a strong emphasis on driving digital transformation throughout their organization to promote engagement and realize efficiencies. Issuing approximately 140,000 invoices monthly, they sought a solution to service their customers with online tools that are intuitive and easy. ARC provides the capabilities they were looking for and more, including the ability to collaborate online with customers, automate collection tasks, and ARC can be easily integrated into the company's existing eCommerce infrastructure.
"We are pleased to see continued growth in our large distributor client list," said Craig O'Neill, CEO of VersaPay. "The client's CFO and VP of IT quickly recognized that ARC can expand the capacity of their existing receivables team through automation and customer self-service, eliminating manual work and streamlining interactions with customers. We are excited to build this business relationship and support their growing business."
VersaPay is a Fintech company and leading provider of cloud-based invoice-to-cash solutions, enabling businesses to provide a superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and costs. VersaPay ARC is the new standard in accounts receivable and collections automation with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable. VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers.
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.
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SOURCE VersaPay Corporation
For further information: John McLeod, Chief Marketing Officer, VersaPay Corporation, 647-258-9406, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]