VersaPay Signs Floral Distributor As The Newest Client To Adopt ARC™ Its Invoice-To-Cash Solution
TORONTO, Dec. 12, 2017 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced that one of Canada's largest floral distributors has signed on to use ARC™, the Company's innovative invoice-to-cash solution.
The client was looking for a robust solution to create a stronger online relationship with their customers. Like any business, the invoicing and payment process is foundational to cash flow and customer satisfaction, so they required a highly secure and reliable solution, but just as importantly, a platform with a proven track record of high customer adoption and satisfaction. The client currently issues 10,000 invoices per month, half by email, and half by mail. In introducing ARC™ their goal is to eliminate most of the paper and to drive a high percentage of digital payments.
"We are very pleased to be working with this new client in the distribution industry. They are indicative of the kinds of innovative and forward-looking companies that we attract with our solution," commented Craig O'Neill, CEO of VersaPay. "As a mature business, they are continually looking to innovate with new processes and approaches for serving their customers, a key reason for their success."
About VersaPay
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 management 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.
More information about VersaPay is available at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
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, Vice President, Marketing, VersaPay Corporation, 647-258-9406, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]
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