BALTIMORE, MD and TORONTO, Nov. 1,
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 J.J. Haines & Company,
LLC., the largest flooring distribution company in the United States has become the latest ARC
client, making it the third new distribution client in the past few
months.
The client was seeking a solution that would transform their
day-to-day receivables process through automation while creating a
better and more efficient customer experience.
"VersaPay ARC quickly became the clear cut answer to help us
reshape our invoice-to-cash operations including a simplified
payment and cash application process as well as automated dispute
resolution," said Reid McCarthy, CFO
for J.J. Haines. "As our business continues to grow, having a
trusted partner in VersaPay that offers the flexibility and
scalability with its ARC solution is critical to ensuring a
seamless and modern payment process for our customers."
"The distribution vertical continues to garner significant
attention as there is a very unique and logical fit for ARC,"
stated Craig O'Neill, CEO of
VersaPay. "We are thrilled to welcome J.J. Haines to our growing
list of distribution clients. We look forward to helping them
advance their AR and collections processes to pull ahead of their
competition by offering an intuitive and easy-to-use approach to
transact with their customers."
About J.J. Haines
Founded in 1874 on the company's core values of providing
customers with superior service and products, J.J. Haines is among
the oldest privately held companies in America. It is also the
largest floor covering distribution company in the country with
operations covering the Northeast, Mid-Atlantic and Southeast.
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
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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