Toronto, ON – October 9, 2019 – Versapay Corporation (TSXV: VPY) ("Versapay"), 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 that it has been selected by an IT services provider within the financial services sector (the “Client”) to implement ARC.
Facing scalability challenges common to a growing business, the Client sought an AR Automation solution that would provide their customers with an easy way to view invoices and pay them electronically. With customers around the globe, the Client needed the platform to be secure and GDPR compliant.
Versapay was selected because of its customer-centric focus, providing an online self-service experience for customers that makes it easy to receive and pay invoices. Versapay ARC eliminates most of the manual work associated with their former billing and payment processes and provides a foundation for the Client to continue growing at a rapid pace without adding a lot of staff.
“As leading companies experience growth Versapay enables them to capitalize on automation so they can scale rapidly,” commented Craig O’Neill, Chief Executive Officer of Versapay. “By offering a great online experience to their customers, our clients can expand their businesses faster, removing bottlenecks and attracting new customers as they are easy to do business with.”
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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