Dallas, TX ; Toronto, ON – April 11, 2018 – 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, is pleased to announce a new partnership with G6 Hospitality LLC, parent company of the iconic lodging brands Motel 6 and Studio 6 to deploy the ARC® platform.
“As part of our continuous focus on improving daily interactions with our franchisees and business partners, we identified specific areas to enhance including business customer access to their information, payment options, and enhanced communication,” said Perry Ping, Vice President & Controller of G6 Hospitality. “With the addition of ARC, we will have near real time access to comprehensive dashboards, proactively manage outstanding receivables and provide a better experience for our business partners.”
“By implementing ARC we will eliminate numerous manual steps in our existing workflow. This will improve the efficiency of our staff, enhance billing accuracy and streamline our end-to-end processes,” stated John LaPlante, Vice President of IT and Program Management for G6 Hospitality.
“We are pleased to welcome G6 Hospitality to the growing list of ARC clients and we’re looking forward to delivering meaningful business improvements with invoice-to-cash automation,” commented Craig O’Neill, CEO of Versapay. “G6 Hospitality adopting the ARC platform is one more example of how Versapay is delivering the new standard in AR Automation. ARC is the perfect fit for hospitality and large franchise operations as they seek to drive operational efficiencies.”
About G6 Hospitality LLC
G6 Hospitality LLC owns, operates and franchises more than 1,400 economy lodging locations under the iconic Motel 6 and the extended stay Studio 6 brands in the U.S and Canada, and Hotel 6 and Estudio 6 brands in Latin America. Headquartered in Dallas (Carrollton), Texas, G6 Hospitality was rated one of the top ten hospitality companies according to the Hotel Management 2015 Top Hotel Companies rankings list, which evaluated over 260 hotel companies. For more information please visit G6 Hospitality LLC.
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.
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