TORONTO, May 16, 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
a billion dollar, global manufacturer of private label apparel
products has signed with the Company to implement ARCR,
their proprietary accounts receivable and collections management
solution.
![VersaPay Signs Global Apparel Manufacturer to ARC Platform (CNW Group/VersaPay Corporation) VersaPay Signs Global Apparel Manufacturer to ARC Platform (CNW Group/VersaPay Corporation)](https://mma.prnewswire.com/media/692085/VersaPay_Corporation_VersaPay_Signs_Global_Apparel_Manufacturer.jpg)
The client was seeking a solution that would provide a
centralized and completely transparent view into the
invoice-to-cash process while driving cost reductions and providing
faster payment processing across multiple payment types. VersaPay
was awarded the contract as a result of their unmatched ability to
offer the functionality on a highly scalable level. In addition,
the Company's AR analytics functionality was of criticial
importance to the client, who is seeking to support a large volume
of smaller customers with the platform.
"I am delighted to welcome this global apparel manufacturer to
the ARC community," said Craig
O'Neill, CEO of VersaPay. "This win further demonstrates the
extensive capabilities of our solution and its ability to help
large enterprises accelerate their digital transformation and
enhance their finance operations."
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
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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
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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.
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SOURCE VersaPay Corporation