Philadelphia, PA; Toronto, ON – April 11, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that it has been chosen by PREIT to provide its industry leading tenant portal and payment solution to support PREIT’s commercial real estate operations.
“As the landlord for some of the leading retail brands in the US we strive to support our tenants with innovative technology to help them achieve success,” stated Bradford Hughart, Vice President, Information Technology at PREIT.
“Following an extensive evaluation process, we selected VersaPay ARCTM as the platform to provide an easy-to-use portal that allows our tenants to view their invoices and make payments online. The VersaPay platform not only gives our tenants a portal that makes it easy and convenient to work with us, it provides our internal team with a powerful suite of tools to manage our accounts receivable and collections processes more effectively,” noted Liz Romanowsky, Director of Treasury at PREIT.
“We are particularly happy to be selected by PREIT given the thoroughness of their evaluation process,” stated Craig O’Neill, CEO of VersaPay. “Their decision to move forward with us once again shows that ARC’s combination of an easy-to-use tenant portal and best-in-class A/R and Collections tools makes it the leading platform for commercial real estate and property management companies.”
PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT’s 23 million square feet of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the eastern U.S. with concentrations in the mid-Atlantic’s top MSAs. Since 2012, the company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures. Additional information is available at www.preit.com or on Twitter or LinkedIn.
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.
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.
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