TORONTO, Oct. 1, 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 been selected by another large
US distributor (the "Client") to implement VersaPay ARC to
transform their invoice-to-cash process.
![VersaPay Adds Another Large US Distribution Company to Growing Client List (CNW Group/VersaPay Corporation) VersaPay Adds Another Large US Distribution Company to Growing Client List (CNW Group/VersaPay Corporation)](https://mma.prnewswire.com/media/1003788/VersaPay_Corporation_VersaPay_Adds_Another_Large_US_Distribution.jpg)
The Client, a distributor of heating, air conditioning,
refrigeration equipment and supplies continually seeks to provide
their customers and contractors unsurpassed customer service and
support. Recognizing billing and payment as important parts of the
overall customer experience, they decided to substantially improve
their accounts receivable and collections processes. VersaPay ARC
was selected for its ability to make billing and payment easy for
customers. The client issues 70,000 invoices per month and is
looking forward to achieving over 80% customer adoption and
enthusiastic customer reviews. VersaPay will replace an existing AR
solution with a modern, best-in-class offering.
"We continue to make great strides in the distribution industry
and we're just getting started," said Craig
O'Neill, Chief Executive Officer of VersaPay. "We're seeing
significant growth in demand for enterprise-class AR Automation
that can improve customer experience and VersaPay is uniquely
positioned to deliver on this trend."
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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actions, events or results "may," "could," "would," "might" or
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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