TORONTO, Jan. 16, 2018 /CNW/ - VersaPay
Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a
leading provider of cloud-based invoicing, accounts receivable
management and payment solutions, announces that, following
completion of a tender process, it has changed its auditors from
Grant Thornton LLP to KPMG LLP effective December 7, 2017.
At the request of the Company, Grant Thornton LLP resigned as
auditors of the Company effective December
7, 2017. The board of directors of the Company appointed
KPMG LLP as the Company's auditor effective December 7, 2017, until the next annual general
meeting of shareholders of the Company.
"Following a thorough selection process, we have concluded that
KPMG LLP's portfolio of services provides an ideal match for
satisfying VersaPay's current and future needs," said Harp Gahunia,
CFO of the Company. "The board extends our thanks to Grant
Thornton LLP for the quality of expertise they have provided
Verspay over the years."
In accordance with National Instrument 51-102 – Continuous
Disclosure Obligations, the notice of change of auditor,
together with the required letters from the former auditor and the
successor auditor, have been reviewed by the audit committee and
the board of directors of the Company and have been filed on
SEDAR.
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 (ETF/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 can be found on the Company's
website at www.versapay.com or under the Company's profile on SEDAR
at www.sedar.com.
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