NEW ALBANY, IN and
TORONTO, Oct. 30, 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 an agreement with Samtec, a large U.S.
electronics manufacturer and distributer, to provide VersaPay
ARC®
With revenues approaching $1
Billion, Samtec was looking to enhance its receivables
process, and improve the payment experience for customers,
including self-service functionality. The winning platform had to
automate collections and eliminate manually driven processes,
significantly reduce aged receivables and enable a proactive
approach for managing the invoice-to-cash process. As a result of
an exhaustive evaluation process, Samtec selected ARC to realize
their vision of providing a truly customer-centric AR solution.
"Excellent customer service is the foundation on which Samtec is
built. Automating payment processes for our customers and our
associates creates a win/win environment for both to thrive,"
stated Brad Johnson, F&A Manager
& Product Owner for Samtec. "Deploying the VersaPay platform
will provide our customers with an easy-to-use platform for
payments while further distinguishing Samtec from our
competition."
"We are pleased to have been selected by Samtec to help them
realize their vision to offer a seamless billing and payment
process for their customers and eliminate menial tasks for their
staff," said Craig O'Neill, Chief
Executive Officer at VersaPay. "Today's announcement is a good
example of the kinds of opportunities we are seeing more and more
of, larger enterprises that are looking for innovative
solutions that drive immediate measurable benefits to their
operations while improving the experience they provide for their
customers."
About Samtec
Much more than just another connector company, Samtec puts
people first with a commitment to exceptional service, quality
products, and convenient design tools. We believe that people
matter, and taking care of our customers and our employees is
paramount in how we approach our business. The belief is deeply
ingrained throughout the organization, and means that you can
expect exceptional service coupled with technologies that take the
industry further faster. More information is available at
www.samtec.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
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
information is often, but not always, identified by the use of
words and phrases such as "plans," "expects," "is expected,"
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actions, events or results "may," "could," "would," "might" or
"will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which
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
place undue reliance on forward-looking information.
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accuracy of this release.
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SOURCE VersaPay Corporation