TORONTO, June 18, 2018 /PRNewswire/ - 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 that a large accounting firm (the "Client") has signed a contract to implement ARC®.
The Client had been actively seeking a receivables and payment solution that would streamline internal processes while delivering better service to their customers and reducing Days Sales Outstanding (DSO). After carefully considering building in-house, the Client recognized that VersaPay's solution offered the functionality they had in mind and even more, and they could implement ARC quickly, allowing them to achieve benefits sooner and focus development resources on other business priorities.
"We are delighted to be working with another top accounting organization as we see forward looking firms seek out receivables solutions that will improve their financial operations," commented Craig O'Neill, CEO of VersaPay. "This is the second major accounting firm to recognize the value ARC provides in driving meaningful business improvements. We are excited to be winning the confidence of such accounting firms as we work to educate accountants across business-to-business industries that there is a new and better way to manage their accounts receivable."
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.
Forward Looking and Other Cautionary Statements
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SOURCE VersaPay Corporation