TORONTO, June 5, 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
Raleigh Enterprises ("Raleigh" or the "Client") has signed with the
Company to implement ARC®.
Raleigh Enterprises owns four distinct companies each servicing
a unique segment of the real estate market. Raleigh was seeking a solution that would
allow them to eliminate their reliance on paper-based forms while
providing a holistic view of the outstanding receivables across
their multiple lines of business.
"After an extensive search for a solution that would seamlessly
integrate across all four of our companies, it became clear that
VersaPay's technology was the best solution available on the
market," said Lisa Campanaro, COO of
Raleigh Enterprises. "VersaPay's ability to manage the AR process
and also provide an online payment solution was critical in our
decision. Once fully deployed we will have integrated reporting
across all four businesses to allow better decision making in
real-time."
"We are pleased to be working with a progressive organization
such as Raleigh Enterprises to deploy ARC across all segments of
their business," said Craig O'Neill,
CEO of VersaPay. "The work with Raleigh highlights yet another key
differentiator offered by ARC: real-time reporting across a
multi-company enterprise. This level of insight, an up-to-the
minute understanding of AR across companies, geographies and
currencies, is a game-changer for enterprise CFOs."
About Raleigh Enterprises
Raleigh Enterprises is a real estate based service company,
headquartered on the historic Raleigh Studios lot in
Hollywood, with over 400 employees
around the globe. Originally started as a general contractor and
development firm, the company has participated in all facets of
real estate in the ensuing years. Throughout its history,
Raleigh successfully developed,
purchased, owned and managed over eleven million square feet of
real estate. Its projects include office buildings, luxury hotels,
commercial shopping centers, film and television studios,
industrial buildings, apartments, luxury single-family estates and
condominium complexes.
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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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
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achievements of the Company to be materially different from any
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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
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SOURCE VersaPay Corporation