VersaPay Announces Q1 2018 Financial Results Conference Call

May, 24, 2018

Toronto, ON – May 23, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), will release its first quarter ended March 31, 2018 on Tuesday, May 29, 2018 after market close. The Company will subsequently hold a conference call on Wednesday, May 30, 2018 at 9:00 AM Eastern Time hosted by Craig O’Neill, Chief Executive Officer, and Harp Gahunia, Chief Financial Officer. A question and answer session will follow the corporate update. Conference Call Details: Date: Wednesday, May 30, 2018 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: 91346247 Recording Playback Numbers: Toronto (+1) 416 764 8677 Toll Free –...

VersaPay Appoints New Chief Financial Officer To Support Accelerated Growth

May, 18, 2018

Toronto, ON – May 18, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced that Shouvik Roy is joining the company’s executive leadership team as Chief Financial Officer effective immediately, subject to regulatory approval. Shouvik Roy has over 17 years of experience as a finance leader with extensive knowledge in financial reporting, financial planning & analysis, investor relations and regulatory compliance across multiple industries. Prior to joining VersaPay, Mr. Roy held senior finance positions at various companies, including Nike, Home Depot and most recently at FreshBooks, an established Canadian fintech company. Mr. Roy holds an...

VersaPay Signs Global Apparel Manufacturer to ARC Platform

May, 16, 2018

Toronto, ON – May 16, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), 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 billion dollar, global manufacturer of private label apparel products has signed with the Company to implement ARC R , their proprietary accounts receivable and collections management solution. The client was seeking a solution that would provide a centralized and completely transparent view into the invoice-to- cash process while driving cost reductions and providing faster payment processing across multiple payment types. VersaPay was awarded the contract as a result of their unmatched ability to offer the functionality...

Efficient & Client-Centric: Why Massey Consulting Chose to Offer an AR Automation Solution

April, 26, 2018

As the need to keep up in the digital era increases, and many organizations are implementing fintech solutions, one area of accounting has remained fairly traditional – accounts receivable. These manual, paper-based AR processes are a burden to finance and compromise cash flow and working capital. After being introduced to AR automation, Massey Consulting, a Raleigh-based firm providing ERP cloud solutions, easily saw the need for an end-to-end automated receivables solution. “We wanted to be able to provide our clients and prospects with an efficient and effective accounts receivable solution that integrates seamlessly with Sage Intacct and helps reduce days sales outstanding,” said Philip Massey, President at Massey Consulting. “We assessed other platforms, and Versapay proved to have the...

VersaPay Adds Regency Centers a Leading U.S. REIT to Growing Customer List

April, 24, 2018

Jacksonville, FL ; Toronto, ON – April 24, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), 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 Regency Centers as the latest organization to implement ARCTM. With nearly 430 locations, Regency Centers is one of the largest grocery-anchored shopping REITs, based in the U.S. Regency was seeking an innovative solution that would help them proactively manage their growing list of tenants by offering account transparency and industry-leading reporting tools. Furthermore, Regency wanted a platform that would drive higher engagement rates among tenants and lead to a higher recovery rate...

VersaPay Announces Cargas Systems as Their First Gold Referral Partner

April, 17, 2018

Pittsburgh, PA ; Toronto, ON – April 17, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), 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 Cargas Systems, a Pennsylvania-based business software and consulting organization, is the first Gold Partner of VersaPay’s new Partner Program. Upon being introduced to VersaPay ARCTM, Cargas immediately recognized how AR automation would be attractive to their clients. By addressing key challenges in the AR process and eliminating manual tasks, this solution will allow their clients to reduce DSO, improve cash flow, and increase working capital. “We view VersaPay’s intelligent AR solutions as part of a...

G6 Hospitality Signs Agreement with VersaPay to Deploy ARC

April, 12, 2018

Dallas, TX ; Toronto, ON – April 11, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), 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  a new partnership with G6 Hospitality LLC, parent company of the iconic lodging brands Motel 6 and Studio 6 to deploy the ARC® platform. “As part of our continuous focus on improving daily interactions with our franchisees and business  partners, we identified specific areas to enhance including business customer access to their information, payment options, and enhanced communication,” said Perry Ping, Vice President & Controller of G6 Hospitality. “With the addition of ARC, we will have...

VersaPay Surpasses 100,000 Businesses on ARC Platform

March, 20, 2018

Toronto, ON – March 20, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), 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 the Company is now serving more than 100,000 businesses on the ARC®️ platform. This important milestone has been achieved within 3 quarters of hitting the 50,000 threshold, a clear indication of the acceleration in ARC adoption. As the Company continues to sign new clients (suppliers) to use VersaPay ARC, the number of businesses (end-customers) using the platform to review their invoices and accounts and make payments electronically continues to grow exponentially. Once a supplier begins to use the...

VersaPay Selected By ReedTMS Logistics To Automate Their Invoice-To-Cash Cycle

February, 15, 2018

Tampa, FL ; Toronto, ON – February 15, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), 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 ReedTMS (“Reed”) has selected VersaPay ARCTM to automate its accounts receivable and collections processes. Reed sought a solution that would automate its accounts receivable process in order to increase efficiency, accelerate the collections process and support expansion, without adding additional staff. By implementing VersaPay ARC, Reed expects to see a significant reduction in Days Sales Outstanding (DSO) through a host of customer collaboration and collections tools and by providing customers with multiple electronic payment options....