TORONTO, Oct. 24, 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 a global manufacturer and distributor of beverages and snack
foods (the "Client") has selected ARC® to
automate its invoice-to-cash process.
The Client's main goal for an AR Automation solution was to
improve their customers' experience, recognizing that their current
process for billing and collecting payments did not reflect the
leading edge products and services it offers. A secondary goal was
to gain process efficiencies in collections and cash application.
The Client selected VersaPay ARC for its best-in-class customer
experience and for its track record of strong customer
adoption.
"We are very pleased to have a global leader in the beverage and
snack foods market join the great list of companies using ARC,"
commented Craig O'Neill, Chief
Executive Officer of VersaPay. "Seeing a Fortune 500 company take
steps to improve their customers' experience in billing and payment
adds to our conviction that a customer-centric approach to AR is
becoming a priority for leading vendors across every industry."
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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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
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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