TORONTO, May 16, 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 it has signed another major US REIT to add to its growing
client list in commercial real estate.
With properties across the US, the client sought a solution that
would drive strong tenant adoption and convert its high volume of
check payments to digital. Versapay ARC creates an online payment
experience for tenants that is convenient, secure, and if the
tenant chooses, fully automated. VersaPay's deep experience with
MRI integrations further solidified the client's choice to move
online with ARC.
"Our focus on automating the receivables process while enhancing
the tenant experience has been very successful for our clients,"
stated Craig O'Neill, Chief
Executive Officer of VersaPay. "The commercial real estate sector
continues to be a leading vertical for VersaPay, and we're
delighted to be working alongside yet another large US REIT to
enhance the level of service offered to their tenants."
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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judgment regarding the direction of our business. Management
believes that these assumptions are reasonable. Forward-looking
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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
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accuracy of this release.
SOURCE VersaPay Corporation