NEW YORK and TORONTO, Aug. 21,
2018 /CNW/ - VersaPay Corporation (TSXV: VPY)
("VersaPay"), 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 is has signed ShopOne as
its newest client, further solidifying its leadership position in
Commercial Real Estate (CRE).
"VersaPay's solution is the perfect fit to help us scale our
business and provide a great experience for our rapidly expanding
tenant community," commented Joe
LoParrino, Chief Accounting Officer for ShopOne. "By
providing better tools for our tenants we make it easy for them to
do business with us and we receive payments faster and can manage
the business more proactively."
This newest client was introduced by NTrust, a global CRE
technology and services company, and an active member of VersaPay's
referral partner program. Working together, NTrust introduces
VersaPay to business opportunities at CRE organizations that could
benefit from using ARC.
"We continue to see more and more commercial real estate
organizations taking advantage of ARC as it has become the new
standard for AR automation in the industry," said Craig O'Neill, CEO of VersaPay. "This is the
fifth new CRE client to choose ARC this year, together serving over
30,000 commercial tenants across a mix of retail and office
properties across the US. As we cement our leadership position in
CRE we are also building strong working relationships and
interfaces with the leading ERP's serving the sector including
Oracle JD Edwards, MRI and others."
VersaPay will be presenting at the JD Edwards InFocus 2018
Conference. Details below:
Myth
Busting:
|
Tenants Pay Rent On
Time
|
Date:
|
Tuesday, August
21
|
Time:
|
8:00 AM - 9:00
AM
|
Location:
|
Grand
Ballroom
|
About ShopOne
ShopOne Centers REIT is a leading owner, operator and manager of
high-quality shopping centers. The Company's more than 50 retail
centers located in established trade areas and are supported by a
diverse mix of highly productive non-discretionary, value-oriented
and grocery retailers. ShopOne is committed to maximizing the value
of its portfolio by capitalizing on embedded growth opportunities
through driving rents, increasing occupancy and pursuing
value-enhancing redevelopment opportunities. To learn more about
ShopOne, please visit www.ShopOne.com.
About NTrust
NTrust is a global CRE technology and services company with
~1,000 CRE professionals, accountants, lease administrators,
abstraction specialists, language specialists, software developers,
infrastructure and network administrators, focused solely on
providing services and software to Corporate and Commercial Real
Estate Clients. We have a global focus and have worked with clients
throughout North America,
China, Russia, and Japan to Dubai and UAE to the UK and Eurozone to
Mexico, Argentina, and Brazil. NTrust provides lease administration,
finance & accounting, due diligence and technology services to
many of the leading global investment management firms, REITs, CRE
service provider and multi-national corporations. More
information is available at https://ntrustinfotech.com.
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
information is often, but not always, identified by the use of
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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
anticipated in such statements. Accordingly, readers should not
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SOURCE VersaPay Corporation