TORONTO, July 5, 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 Livingston International Inc., a leading global
customs broker and logistics provider ("Livingston") has signed a
contract to use VersaPay ARC™ to improve its financial operations
worldwide.
Livingston is a global leader in customs brokerage, trade
compliance, and freight forwarding, helping customers simplify the
complex administrative and transportation requirements of
international shipping. Livingston prides itself in removing
complexity so that its customers can focus on operating, growing
and investing in their businesses.
"Our partnership with VersaPay is part of a broader, ongoing
commitment to provide seamless and simplified solutions to our
customers," said Dan McHugh, CEO of
Livingston. "VersaPay ARC will allow us to automate our accounts
receivable processes through an accessible and user-friendly
interface that further enhances our customer-service promise."
Each month Livingston issues more than three hundred thousand
invoices and collects payments from tens of thousands of customers.
VersaPay ARC was selected to enhance the end-to-end operation and
improve the company's key receivables metrics. The platform is
expected to be live with the company's entire invoice volume later
this year.
"We are pleased to partner with Livingston in its efforts to
continuously improve customer service. Our solution is rapidly
becoming the new standard for accounts receivable and collections
management," stated Craig O'Neill,
CEO of VersaPay, "and endorsements such as this one from an
enterprise client with worldwide operations serves to enhance our
reputation and reach in the global market."
About Livingston International
Livingston International focuses on customs brokerage and trade
compliance, offering international trade consulting, global trade
management and freight forwarding. It provides clarity in a world
of trade complexity, so business can grow further, faster and
smarter. Livingston employs over 3,100 staff at 100 key border
points, sea ports, airports and other strategic locations across
North America, Europe and Asia. Learn more about Livingston
International at www.livingstonintl.com.
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.
These forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business. Management
believes that these assumptions are reasonable. Forward-looking
information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include, among
others, risks related 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 contained herein are made as of the
date of this news release and the Company disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results, except as may be
required by applicable securities laws. There can be no assurance
that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation 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.
SOURCE VersaPay Corporation