VersaPay Signs Agreement With Samtec To Provide Customer-Centric AR Solution

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 signed an agreement with Samtec, a large U.S. electronics manufacturer and distributer, to provide VersaPay ARC®

With revenues approaching $1 Billion, Samtec was looking to enhance its receivables process, and improve the payment experience for customers, including self-service functionality. The winning platform had to automate collections and eliminate manually driven processes, significantly reduce aged receivables and enable a proactive approach for managing the invoice-to-cash process. As a result of an exhaustive evaluation process, Samtec selected ARC to realize their vision of providing a truly customer-centric AR solution.

“Excellent customer service is the foundation on which Samtec is built. Automating payment processes for our customers and our associates creates a win/win environment for both to thrive,” stated Brad Johnson, F&A Manager & Product Owner for Samtec. “Deploying the VersaPay platform will provide our customers with an easy-to-use platform for payments while further distinguishing Samtec from our competition.”

“We are pleased to have been selected by Samtec to help them realize their vision to offer a seamless billing and payment process for their customers and eliminate menial tasks for their staff,” said Craig O’Neill, Chief Executive Officer at VersaPay. “Today’s announcement is a good example of the kinds of opportunities we are seeing more and more of, larger enterprises that are looking for  innovative solutions that drive immediate measurable benefits to their operations while improving the experience they provide for their customers.”

SOURCE VersaPay Corporation