VersaPay Adds J.J. Haines The Largest Flooring Distribution Company In The U.S.
Baltimore, MD ; Toronto, ON – November 1, 2018 – 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 J.J. Haines & Company, LLC., the largest flooring distribution company in the United States has become the latest ARC client, making it the third new distribution client in the past few months.
The client was seeking a solution that would transform their day-to-day receivables process through automation while creating a better and more efficient customer experience.
“VersaPay ARC quickly became the clear cut answer to help us reshape our invoice-to-cash operations including a simplified payment and cash application process as well as automated dispute resolution,” said Reid McCarthy, CFO for J.J. Haines. “As our business continues to grow, having a trusted partner in VersaPay that offers the flexibility and scalability with its ARC solution is critical to ensuring a seamless and modern payment process for our customers.”
“The distribution vertical continues to garner significant attention as there is a very unique and logical fit for ARC,” stated Craig O’Neill, CEO of VersaPay. “We are thrilled to welcome J.J. Haines to our growing list of distribution clients. We look forward to helping them advance their AR and collections processes to pull ahead of their competition by offering an intuitive and easy-to-use approach to transact with their customers.”
About J.J. Haines
Founded in 1874 on the company’s core values of providing customers with superior service and products, J.J. Haines is among the oldest privately held companies in America. It is also the largest floor covering distribution company in the country with operations covering the Northeast, Mid-Atlantic and Southeast.
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.
Forward Looking and Other Cautionary Statements
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Katie Canton has been helping companies develop and implement successful social media, content marketing, and marketing communications strategies for more than 10 years. Since joining VersaPay in 2018, she writes on topics such accounts receivables automation, Customer-Centric AR, collections management, and fintech.
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