<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=617970161699076&ev=PageView&noscript=1" /> VersaPay Signs Agreement With Waste Management Company To Provide Accounts Receivable Automation Platform - VersaPay
21 November

VersaPay Signs Agreement With Waste Management Company To Provide Accounts Receivable Automation Platform

TORONTO, Nov. 21, 2017 /CNW/ – 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 a major waste management company has become the newest client to use its invoice-to-cash automation solution.

The waste management company decided to offer a new digital environment to their customers, making it easier to do business together. The client expects to realize significant efficiencies by automating manual tasks such as sending overdue notices and manually applying payments. What’s more their AR staff can now view account level information consolidated by division or across the enterprise. This enables a more proactive approach to understanding and improving their key accounts receivable performance metrics.

“We are seeing an increasing number of larger enterprises express interest in improving their accounts receivable function as finance departments have to lead by example and stretch resources further,” commented Craig O’Neill, CEO of VersaPay. “We are extremely pleased to be working with a significant player in the waste management industry, helping them dramatically improve their A/R and reduce waste as we eliminate paper from their process.”

About VersaPay

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:

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.

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