VersaPay Adds Kite Realty Group Trust as Latest REIT Client

January, 23, 2019

Indianapolis, IN ; Toronto, ON – January 23, 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 Kite Realty Group Trust (the “Client”) has selected ARC© as its receivables solution. “Our team is focused on an efficient transformation. In exploring an enhanced approach to connecting with our tenants, we quickly realized that receivables management required a comprehensive solution – one that could leverage the MRI API, provide sales reporting, securely accept multiple electronic payment options, and enable enhanced automation,” said David Buell, SVP and CAO for Kite Realty Group. “VersaPay ARC offers extensive functionality and...

VersaPay Signs Contract With Large Pest Control Firm To Provide Invoice-To-Cash Solution

December, 12, 2018

Toronto, ON – December 12, 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 it added a large U.S. based pest control provider (the “Client”) to its rapidly expanding client base. With a robust and growing national accounts program, the Client sought a solution to automate the collections process and allow them to migrate away from printed invoices and eliminate paper-based processes. With their company-wide initiative to reduce receivables aging and establish conditional customer payment options, VersaPay’s intelligent receivables software enabled the new direction. A platform to support their growth was a critical aspect of...

VersaPay Signs Ideal Supply as Newest Distribution Client

November, 13, 2018

Toronto, ON – November 13, 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 Ideal Supply, a leading electrical supply distributor, is the latest distribution company to sign up for VersaPay ARC®. Historically issuing a high volume of paper invoices across regional clients and receiving payment via cheques, Ideal Supply was seeking a frictionless solution that would lower processing costs, reduce the receivables timeline and offer an improved customer experience. With VersaPay ARC, Ideal Supply’s customers will have access to their invoices and supporting documents 24 x 7, 365 days a year, through a secure customer...

VersaPay Adds J.J. Haines The Largest Flooring Distribution Company In The U.S.

November, 1, 2018

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...

VersaPay Announces Closing of $9.2 Million Bought Deal Financing

October, 18, 2018

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Toronto, ON – October 18, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”) is pleased to announce that it has closed its previously announced short form prospectus offering (the “Offering”) of 5,257,800 common shares (the “Common Shares”) of the Company at a price of $1.75 per Common Share, which included 685,800 Common Shares issued pursuant to the exercise of the over-allotment option in full, for aggregate gross proceeds of approximately $9.2 million. The Offering was underwritten by Raymond James Ltd., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Haywood Securities Inc. and PI Financial...

VersaPay Welcomes NDH As Our Newest Partner

October, 17, 2018

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 NDH has joined the VersaPartner Program. Founded in 2003 by three former Arthur Andersen professionals, NDH is a skilled professional services firm providing services in the areas of accounting, tax and accounting technology. NDH Partner Seth Pomeroy highlighted the strategic alignment between NDH’s services, VersaPay’s ARC platform, and the need they see in their clients’ AR operations. “The benefit of ARC is immense – it quickly allows our clients to automate their cashflow work processes, while enhancing and accelerating collections. VersaPay’s knowledge and experience with Intacct, combined with the sophistication and configurability...

Arthur Mesher To Publish 3V’s Part Two 20 Years Later

October, 1, 2018

Nashville, TN ; Toronto, ON – October 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 it’s chairman Art Mesher in an exclusive to Council of Supply Chain Management Professionals (CSCMP), is publishing “3V’s Part Two, Darwin’s Law and the X Factors”. In addition to publishing the paper Mr. Mesher will be participating in a fireside chat during the Edge 2018 Conference to discuss its contents. “Art published the initial 3V’s paper 20 years ago which became an institutional framework for our industry. CSCMP recognized the work as one of the most influential writings...

VersaPay Welcomes CompuData as a Gold Partner

September, 27, 2018

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 CompuData, has joined the VersaPartner Program as a Gold Partner. After seeing the ARC platform in action, CompuData CEO Angela Nadeau quickly recognized the value the platform would bring to their client base. “We are excited to partner with VersaPay. Companies are always looking for ways to get paid faster and ARC really streamlines the entire AR process. The ease of the payment portal has the added benefit of improving the entire customer experience”, said CompuData President and CEO Angela Nadeau. By addressing key challenges in the AR process with a complete...

VersaPay Adds Second Large US Distributor in 2 Months

September, 18, 2018

Toronto, ON – September 18, 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 it has added a $1 Billion US distributor to the list of enterprise companies that have selected ARC® as their invoice-to-cash solution. The client places a strong emphasis on driving digital transformation throughout their organization to promote engagement and realize efficiencies. Issuing approximately 140,000 invoices monthly, they sought a solution to service their customers with online tools that are intuitive and easy. ARC provides the capabilities they were looking for and more, including the ability to collaborate online with customers, automate...