VersaPay Announces Signing of a Top 10 US Craft Brewery

April, 30, 2019

Toronto, ON – April 30, 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 top 10 US craft brewery has selected ARC® to automate its accounts receivable process. As a rapidly growing company, the brewery sought an innovative, yet quick-to-deploy solution that would automate much of the AR process and help scale the business without adding to the workforce. Now with ARC in place, the brewery offers customers the flexibility and convenience of paying online and has eliminated the manual work associated with collecting and accounting for payments. “We are pleased to welcome our...

VersaPay Becomes A Certified Product Partner of MRI Software

March, 26, 2019

Cleveland, OH ; Toronto, ON – March 26, 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 become a certified product partner of MRI Software, a global leader in real estate software solutions. “We’re thrilled that VersaPay has passed the rigorous certification process to become a certified product partner, said Ben Berk, Director of Partner Connect at MRI Software. “The achievement  further strengthens MRI’s open and connected ecosystem and makes it even easier for our vast network of commercial real estate clients to implement receivables software.” “Our customer list of commercial real estate...

VersaPay Launches Cash Application and Bank Reconciliation Module Powered by Cashbook

March, 19, 2019

Toronto, ON – March 19, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated collections and cash application, announced today that it has launched a new module on the ARC platform that offers enhanced cash application and bank reconciliation capabilities powered Cashbook. With the introduction of this new module, ARC provides a true end-to-end solution for invoice-to-cash, automating all steps in the process for all types of payments, including gathering remittance data from customers’ emails and vendor websites, and reconciling bank statements with accounting books and records. “We are excited to work with VersaPay to offer the most complete invoice-to-cash solution on the market,” said Greg Coulter,...

VersaPay Announces Q4 and Fiscal Year 2018 Financial Results Conference Call

March, 18, 2019

Toronto, ON – March 25, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), will release its fourth quarter and fiscal year 2018 financial results ended December 31, 2018 on Tuesday, April 2nd, 2019 after market close. The Company will subsequently hold a conference call on Wednesday, April 3rd, 2019 at 9:00 AM Eastern Time hosted by Craig O’Neill, Chief Executive Officer, and Shouvik Roy, Chief Financial Officer. A question and answer session will follow the corporate update. Conference Call Details: Date: Wednesday, April 3rd, 2019 Time: 9:00 AM Eastern Time Participant Dial-in Numbers: Local – Toronto (+1) 416 764 8609 Toll Free – North America (+1) 888 390 0605 Conference ID: 03845926 Recording Playback Numbers: Toronto (+1)...

VersaPay Named A Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable 2019 Vendor Assessment

March, 12, 2019

Toronto, ON – March 12, 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 been named a Leader in the recently published IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Applications 2019 Vendor Assessment, January 2019, IDC#US44754719. The report highlights the scope of ARC’s capabilities and states: “VersaPay offers an AR automation solution that automates much of the work involved in AR and collections, allowing AR staff to focus on higher-value tasks”. A key part of the value realized by clients stems from the fact that: “VersaPay ARC also provides real-time insight into...

VersaPay Adds Sporting Goods Giant Amer Sports to Growing Client List

February, 21, 2019

Salt Lake City, UT ; Toronto, ON – February 21, 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 Amer Sports as the newest client to implement VersaPay ARC®. Seeking an online portal that would allow thousands of customers of all sizes to manage and pay invoices, Amer Sports has elected to implement VersaPay ARC as its central receivables management platform for its Wilson Sporting Goods Co. and the Winter and Outdoor brand. Initially, the company had planned to develop its own internal payment portal to integrate with clients, however found VersaPay’s technology to allow for...

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...