VersaPay Signs Global Manufacturer and Distributor of Beverages and Snack Foods
Toronto, ON – October 24, 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 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.”
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.
For additional information, please contact:
Vice President, Marketing
Virtus Advisory Group Inc.
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,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.
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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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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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