Toronto, ON – June 5, 2019 – 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 a billion dollar drainage enterprise (“The Client”) who will use ARC® to support its invoice-to-cash process.
The Client was seeking a fluid and easy to use end-to-end platform to manage its receivables operations and selected VersaPay over its largest competitor after a thorough evaluation process. ARC was seen to be a game changer in advancing the experience the client could provide to its customers. In addition to the superior functionality offered by the platform, the client appreciated VersaPay’s long-term strategic partnership orientation.
“We continue to focus on expanding our presence in the large enterprise market,” said Craig O’Neill, Chief Executive Officer of VersaPay. “This new client represents a prime example of the material impact ARC can have on the financial operations of large corporations, particularly those that are leading the way in offering their customers better service across the entire customer experience from front to back office.”
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.
For additional information, please contact:
Vice President, Marketing
Virtus Advisory Group Inc.
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