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 first craft brewery to the VersaPay community, a further illustration of the need for our technology across diverse industry sectors,” said Craig O’Neill, CEO of VersaPay. “Through automation and customer self-service, ARC has an immediate and positive impact on cash flow, while creating efficiencies for both our clients and their customers.”
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.
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