14 March

VersaPay ARC™ Achieves Oracle Validated Integration with Oracle’s JD Edwards EnterpriseOne

San Francisco, CA ; Toronto, ON – March 14, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration of VersaPay ARC™ with Oracle’s JD Edwards EnterpriseOne 9.2. Enterprise clients can make their customers happy and enable faster payments by deploying VersaPay ARC to automate their invoice to cash process.

To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of customers. The integration of VersaPay ARC with JD Edwards EnterpriseOne helps ensure that clients experience seamless automation of their invoice-to-cash process, eliminating dozens of tasks, minimizing error rates and increasing efficiency throughout the process. As a result, clients can reduce their overall cost of financial operations, provide a superior experience for their customers, and enable faster payments, reducing their DSO and the risk exposure of potentially delinquent accounts.

“We are very pleased to have achieved Oracle Validated Integration with JD Edwards EnterpriseOne, as it gives our mutual clients confidence that not only will our combined solution address their invoice to cash challenges, it will be a holistic and reliable end-to-end solution,” commented Craig O’Neill, CEO of VersaPay. “Our joint clients are extremely happy with the positive impact the solution is having on their business and there is a large JD Edwards EnterpriseOne installed base that we are actively promoting the platform to.”

“Achieving Oracle Validated Integration gives our customers confidence that the integration between VersaPay ARC and JD Edwards EnterpriseOne 9.2 is functionally sound and performs as tested,” said David Hicks, Vice President, Worldwide ISV, OEM and Java Business Development, Oracle. “For solutions deployed on-premises, in the cloud, or both, Oracle Validated Integration applies a rigorous technical review and test process that helps to reduce deployment risk and improves the user experience of the partner’s integrated offering.”

 About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of
all sizes. VersaPay’s ARC software-as-a-service offering allows businesses to easily deliver
customized electronic invoices to their customers, to accept credit card and EFT payments and
automatically reconcile payments to their ERP and accounting software. VersaPay is
headquartered in Toronto, Canada.

More information about VersaPay can be found on the Company’s website at www.versapay.com
or under the Company’s profile on SEDAR at www.sedar.com.

About Oracle Validated Integration

Oracle Validated Integration, available through the Oracle PartnerNetwork (OPN), gives customers confidence that the integration of a complimentary partner software product with an Oracle “on-premises” Application has been validated and the products work together as designed. This can help customers reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance. Oracle Validated Integration applies a rigorous technical process to review partner integrations and partners who successfully complete the program are authorized to use the “Oracle Validated Integration” logo. For more information, please visit Oracle.com at http://solutions.oracle.com/scwar/scr/AboutPartners/validated-integration/index.html

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates.

For additional information, please contact:

John McLeod
Vice President, Marketing
VersaPay Corporation
647-258-9406
[email protected]
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
[email protected]

 

Forward Looking and Other Cautionary Statements

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.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

See How VersaPay Can Work For You

Do you like the sound of getting get paid faster and improving customer satisfaction? If so, you’re ready for accounts receivable automation.

Connect with us to enable a secure, self-service platform for your staff and customers to future-proof your business for the online world, before your competition does:

Or Learn More