DALLAS, TX and TORONTO,
April 11, 2018 /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, is pleased to announce a new partnership with G6
Hospitality LLC, parent company of the iconic lodging brands Motel
6 and Studio 6 to deploy the ARC™ platform.
"As part of our continuous focus on improving daily interactions
with our franchisees and business partners, we identified
specific areas to enhance including business customer access to
their information, payment options, and enhanced communication,"
said Perry Ping, Vice President
& Controller of G6 Hospitality. "With the addition of ARC, we
will have near real time access to comprehensive dashboards,
proactively manage outstanding receivables and provide a better
experience for our business partners."
"By implementing ARC we will eliminate numerous manual steps in
our existing workflow. This will improve the efficiency of our
staff, enhance billing accuracy and streamline our end-to-end
processes," stated John LaPlante,
Vice President of IT and Program Management for G6 Hospitality.
"We are pleased to welcome G6 Hospitality to the growing list of
ARC clients and we're looking forward to delivering meaningful
business improvements with invoice-to-cash automation," commented
Craig O'Neill, CEO of VersaPay. "G6
Hospitality adopting the ARC platform is one more example of how
VersaPay is delivering the new standard in AR Automation. ARC is
the perfect fit for hospitality and large franchise operations as
they seek to drive operational efficiencies."
About G6 Hospitality LLC
G6 Hospitality LLC owns, operates and franchises more than 1,400
economy lodging locations under the iconic Motel 6 and the extended
stay Studio 6 brands in the U.S and Canada, and Hotel 6 and Estudio 6 brands in
Latin America. Headquartered in
Dallas (Carrollton), Texas, G6 Hospitality was rated one of the top
ten hospitality companies according to the Hotel Management 2015
Top Hotel Companies rankings list, which evaluated over 260 hotel
companies. For more information please visit G6 Hospitality
LLC.
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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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
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SOURCE VersaPay Corporation