TORONTO, May 18, 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, today announced that
Shouvik Roy is joining the company's
executive leadership team as Chief Financial Officer effective
immediately, subject to regulatory approval.
Shouvik Roy has over 17 years of
experience as a finance leader with extensive knowledge in
financial reporting, financial planning & analysis, investor
relations and regulatory compliance across multiple industries.
Prior to joining VersaPay, Mr. Roy held senior finance positions at
various companies, including Nike, Home Depot and most recently at
FreshBooks, an established Canadian fintech company. Mr. Roy holds
an Honours BBA from Wilfrid Laurier
University, as well as the Chartered Professional
Accountant, Chartered Accountant designation.
Shouvik is taking over for Harp Gahunia who has been the CFO at
VersaPay on a part-time contract since March
2016. With its recent growth the Company requires a
full-time CFO going forward, but given his other entrepreneurial
interests Mr. Gahunia was unable to commit more time to the
Company. He will be transitioning his role until the end of the
quarter.
"I am delighted to welcome Shouvik to the VersaPay team. He
brings a wealth of knowledge to the role, and his fintech
experience at Freshbooks gives him a strong understanding and
appreciation of the digital transformation we are driving in the
financial operations of mid-sized and larger companies," stated
Craig O'Neill, CEO of VersaPay. "At
the same time, we are grateful for having had Harp on the team and
appreciate his many contributions including multiple financings and
the merchant services divestiture. We wish him the very best as he
pursues an entrepreneurial opportunity."
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.
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