JACKSONVILLE, FL and
TORONTO, April 24, 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 that it has added Regency Centers as the latest
organization to implement ARC™.
With nearly 430 locations, Regency Centers is one of the largest
grocery-anchored shopping REITs, based in the U.S. Regency was
seeking an innovative solution that would help them proactively
manage their growing list of tenants by offering account
transparency and industry-leading reporting tools. Furthermore,
Regency wanted a platform that would drive higher engagement rates
among tenants and lead to a higher recovery rate of outstanding
accounts receivable claims.
"In seeking a solution, we used a detailed due diligence
approach and compared a number of technology providers and banks
that could potentially meet our needs," said Dale Johnston, Chief Information Officer for
Regency Centers. "As part of our process, we found VersaPay had the
most comprehensive technology available on the market, and were
able to fulfil the solution requirements as we envisioned moving us
to the next level. Part of our company's mandate is to be an
industry leader in the integration of technology solutions to
enhance and increase efficiency in our relationships with tenants,
and we believe that VersaPay helps us achieve that goal."
"With a consistent track record of wins over the past year
ARC has become the new standard in AR automation for commercial
REITs," said Craig O'Neill, CEO of
VersaPay. "We are very pleased to have been selected by Regency
after such a thorough evaluation process, and we are excited to
work with them to enhance their tenants' experience while
streamlining Regency's internal processes."
About Regency Centers Corporation (NYSE: REG)
Regency Centers is the preeminent national owner, operator,
and developer of shopping centers located in affluent and densely
populated trade areas. Our portfolio includes thriving properties
merchandised with highly productive grocers, restaurants, service
providers, and best-in-class retailers that connect to their
neighborhoods, communities, and customers. Operating as a fully
integrated real estate company, Regency Centers is a
qualified real estate investment trust (REIT) that is
self-administered, self-managed, and an S&P 500 Index
member. For more information, please
visit regencycenters.com.
About VersaPay Corporation (TSXV: VPY)
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.
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SOURCE VersaPay Corporation