Toronto, ON – July 5, 2017 – 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 Livingston International Inc., a leading global customs broker and logistics provider (“Livingston”) has signed a contract to use VersaPay ARC™ to improve its financial operations worldwide.
Livingston is a global leader in customs brokerage, trade compliance, and freight forwarding, helping customers simplify the complex administrative and transportation requirements of international shipping. Livingston prides itself in removing complexity so that its customers can focus on operating, growing and investing in their businesses.
“Our partnership with VersaPay is part of a broader, ongoing commitment to provide seamless and simplified solutions to our customers,” said Dan McHugh, CEO of Livingston. “VersaPay ARC will allow us to automate our accounts receivable processes through an accessible and user-friendly interface that further enhances our customer-service promise.”
Each month Livingston issues more than three hundred thousand invoices and collects payments from tens of thousands of customers. VersaPay ARC was selected to enhance the end-to-end operation and improve the company’s key receivables metrics. The platform is expected to be live with the company’s entire invoice volume later this year.
“We are pleased to partner with Livingston in its efforts to continuously improve customer service. Our solution is rapidly becoming the new standard for accounts receivable and collections management,” stated Craig O’Neill, CEO of VersaPay, “and endorsements such as this one from an enterprise client with worldwide operations serves to enhance our reputation and reach in the global market.”
About Livingston International
Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management and freight forwarding. It provides clarity in a world of trade complexity, so business can grow further, faster and smarter. Livingston employs over 3,100 staff at 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia. Learn more about Livingston International at www.livingstonintl.com.
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.
More information about VersaPay is available at www.versapay.com or under the Company’s profile on SEDAR at www.sedar.com.
For additional information, please contact:
Vice President, Marketing
Virtus Advisory Group Inc.
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