INDIANAPOLIS and TORONTO, Jan. 23,
2019 /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 Kite Realty Group Trust
(the "Client") has selected ARCÒ as its receivables
solution.
"Our team is focused on an efficient transformation. In
exploring an enhanced approach to connecting with our tenants, we
quickly realized that receivables management required a
comprehensive solution – one that could leverage the MRI API,
provide sales reporting, securely accept multiple electronic
payment options, and enable enhanced automation," said David Buell, SVP and CAO for Kite Realty Group.
"VersaPay ARC offers extensive functionality and ease-of-use for
our colleagues and tenants. VersaPay's team has been great to work
with and we expect to see strong tenant adoption."
Kite Realty Group relies on MRI Software, a global leader in
real estate software solutions, for its property accounting system.
The company discovered the VersaPay solution at the MRI Software
International Users Conference held in Atlanta in October
2018. "MRI's open and connected ecosystem gives our clients
the flexibility to extend their MRI functionality with access to a
wide range of partner solutions," commented Ben Berk, Director, Partner Connect at MRI
Software. "We're thrilled that Kite Realty Group has quickly
integrated VersaPay to automate its receivables process."
"Kite Realty Group is an exciting addition to our growing CRE
client list and showcases our work with MRI, a key channel
partner", said Craig O'Neill, CEO of
VersaPay. "Working with MRI's clients speaks volumes to the
strength of our channel partner strategy as we become the accepted
AR automation standard in commercial real estate."
About Kite Realty Group Trust
Kite Realty Group Trust (KRG) is a full-service, vertically
integrated real estate investment trust (REIT) that provides
communities with convenient and beneficial shopping experiences.
KRG connects consumers to tenants in desirable markets
through its portfolio of neighborhood, community, and lifestyle
centers. Using operational, development, and redevelopment
expertise, KRG continuously optimizes its portfolio to maximize
value and return to its shareholders. As of September 30, 2018, KRG owned interests in 115
operating and redevelopment properties totaling approximately 22.4
million square feet and one development project (0.5 million square
feet) currently under construction. For more information, please
visit kiterealty.com.
About MRI
MRI Software is a leading provider of innovative real estate
software applications and hosted solutions. MRI's comprehensive and
flexible technology platform, coupled with an open and connected
ecosystem, meets the unique needs of real estate businesses – from
property-level management and accounting to investment modelling
and analytics for the global commercial and residential markets. A
pioneer of the real estate software industry, MRI develops lasting
client relationships based on nearly five decades of expertise and
insight. Through leading solutions and a rich partner ecosystem,
MRI liberates real estate companies to elevate their business and
gain a competitive edge. For more information, please visit
mrisoftware.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
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SOURCE VersaPay Corporation