VersaPay Names Large Retail REIT As Newest ARC Client

VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, announced on this week it has signed another major U.S. REIT to add to its growing client list in commercial real estate. VersaPay revealed:

“With properties across the US, the client sought a solution that would drive strong tenant adoption and convert its high volume of check payments to digital. Versapay ARC creates an online payment experience for tenants that is convenient, secure, and if the tenant chooses, fully automated. VersaPay’s deep experience with MRI integrations further solidified the client’s choice to move online with ARC.”

Craig O’Neill, CEO of VersaPay, went on to state:

“Our focus on automating the receivables process while enhancing the tenant experience has been very successful for our clients. The commercial real estate sector continues to be a leading vertical for VersaPay, and we’re delighted to be working alongside yet another large US REIT to enhance the level of service offered to their tenants.”

Founded in 2006, VersaPay claims to be a leading cloud-based invoice presentment and payment provider for businesses of all sizes.  Its ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT / ACH payments and automatically reconcile payments to their ERP and accounting software.

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