TORONTO, Sept. 18, 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
it has added a $1 Billion US
distributor to the list of enterprise companies that have selected
ARC® as their invoice-to-cash solution.
The client places a strong emphasis on driving digital
transformation throughout their organization to promote engagement
and realize efficiencies. Issuing approximately 140,000 invoices
monthly, they sought a solution to service their customers with
online tools that are intuitive and easy. ARC provides the
capabilities they were looking for and more, including the ability
to collaborate online with customers, automate collection tasks,
and ARC can be easily integrated into the company's existing
eCommerce infrastructure.
"We are pleased to see continued growth in our large distributor
client list," said Craig O'Neill,
CEO of VersaPay. "The client's CFO and VP of IT quickly recognized
that ARC can expand the capacity of their existing receivables team
through automation and customer self-service, eliminating manual
work and streamlining interactions with customers. We are excited
to build this business relationship and support their growing
business."
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 automation 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
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activities, events or developments that the Company expects or
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Forward-looking statements contained herein are made as of the
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SOURCE VersaPay Corporation