TORONTO, Nov. 12, 2019 /CNW/ - 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 added Dream Office REIT ("Dream Office") as its newest
commercial real estate client.
"With our real estate portfolio expanding in Canada and the US, our objective is to enhance
our tenants' experience and provide them with a convenient
web-based and mobile portal where they can access their account,
retrieve invoices, communicate and make secure electronic
payments," stated Joanne Leitch,
Vice President, Property and Operations Accounting at Dream Office.
"We want to create efficiencies by eliminating manual processes,
minimize errors and reduce the need for tenant account
reconciliations. VersaPay offered the platform to make all of this
possible."
"Through our vendor selection process we searched for a company
who could provide a platform with extensive functionality with whom
we could partner to provide our tenants an improved experience.
VersaPay provided what we were looking for in addition to a robust
integration with our JD Edwards ERP to provide real-time AR and
cash review," stated Travis Vokey,
Vice President and Head of Technology for Dream Office.
"We are so pleased to be working with Dream Office, a
forward-thinking Commercial Real Estate company located right here
in Toronto," said Craig O'Neill, CEO of VersaPay. "Dream is a
leader in its industry, offering high-quality central business
district office properties to an impressive list of tenants. One of
the keys to its success has been providing tenants with a market
leading experience in all facets of the business, and we're
delighted to extend this to their tenants' experience in billing
and payments."
About Dream Office REIT
Dream Office REIT is an unincorporated, open-ended real estate
investment trust. Dream Office REIT owns well-located, high-quality
central business district office properties in major urban centres
across Canada, with a focus on
downtown Toronto. For more
information, please visit our website at
www.dreamofficereit.ca.
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 first platform to provide Customer-Centric
ARÔ 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.
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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SOURCE VersaPay Corporation
