TORONTO, Dec. 17, 2020 /CNW/ - Versapay Corporation,
the leader in Customer-Centric Order-to-Cash solutions, has been
named a Leader in the recently published IDC MarketScape: Worldwide
SaaS and Cloud-Enabled Midmarket Accounts Receivable Automation
Software 2020-2021 Vendor Assessment, December 2020, IDC#US47032320.
The report highlights Versapay's strengths in collections and
analytics, self-service and collaboration, and payments, stating:
"The platform consistently achieves strong buyer adoption and
drives material savings for suppliers through faster payment,
reduced processing costs, removal of manual processes, and customer
self-service."
"The events of the past year have made it clear just how
critical convenience and digitization are in creating strong
customer experiences," stated Kevin
Permenter, Senior Research Analyst, IDC. "Forward-thinking
companies are transforming their AR processes to remove friction
from the billing and payment experience, a goal that Versapay
supports."
"We're excited to be recognized as a Leader for the second year
by IDC MarketScape through their comprehensive market research,"
said Craig O'Neill, Chief Executive
Officer of Versapay. "We're focused on simplifying buyers' and
sellers' experience throughout the entire order-to-cash process,
and this report confirms that our customer-centric approach highly
resonates with the market."
Versapay was also named in Deloitte's 2020 Technology Fast 500
report and recently announced its merger with Solupay, creating a
B2B Payments network supporting 500,000 end-customers.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide
an overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor's position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About Versapay
Versapay is focused on changing the way companies do business
together by offering Customer-Centric Order-to-Cash solutions and
B2B Payments for mid-market and enterprise businesses. We help our
clients offer a superior customer experience, enabling CFOs to
accelerate cash conversion, streamline payments, and digitally
transform manual business processes. Based in Toronto with offices in Atlanta, Cleveland, Baltimore, and Las
Vegas, Versapay is owned by Great Hill Partners, a
Boston-based technology investment
firm.
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SOURCE VersaPay Corporation