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.
![VersaPay Signs Floral Distributor As The Newest Client To Adopt ARC Its Invoice-To-Cash Solution (CNW Group/VersaPay Corporation) VersaPay Signs Floral Distributor As The Newest Client To Adopt ARC Its Invoice-To-Cash Solution (CNW Group/VersaPay Corporation)](https://mma.prnewswire.com/media/618246/VersaPay_Corporation_VersaPay_Signs_Floral_Distributor_As_The_Ne.jpg)
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
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believes that these assumptions are reasonable. Forward-looking
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achievements of the Company to be materially different from any
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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
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that forward-looking information will prove to be accurate, as
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SOURCE VersaPay Corporation