Metroland Media Group Implements VersaPay's Cloud-Based Intelligent AR Solution
TORONTO, May 5, 2015 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce the successful implementation of its ARCTM software-as-a-service offering with Metroland Media Group ("Metroland"). Metroland, Ontario's largest and most successful community newspaper publisher, and VersaPay pursued a staged implementation approach with ARC, initially rolling out to about 1,200 advertising customers in one community newspaper. To date, ARC has been implemented across approximately one third of Metroland's operating divisions, serving thousands of advertisers.
"We opted for a staged approach of ARC so that we could solicit customer feedback throughout the implementation process," commented Jackie Dekar, Business Systems Support Manager at Metroland. "We were very pleased to hear that an overwhelming majority of our customers found the system intuitive and easy to use. In fact, within a few hours of sending out initial invitations for our customers to sign up for ARC, we were already receiving payments. As a direct result of customer feedback and a high adoption rate we have accelerated our roll-out plans as we issue more than one million invoices annually."
"Over the past several months we have worked closely with Metroland to enhance ARC to meet their needs, and the needs of their customers," stated VersaPay's Chief Executive Officer Craig O'Neill. "This effort has been an excellent collaboration, allowing us to leverage the deep insight and extensive experience of the Metroland team to build many newspaper industry specific features into the system; features that will serve Metroland well as they issue upwards of 90,000 invoices monthly, and features that will allow us to attract and serve many other newspaper companies. This project is a model for how we look to address the needs of our selected vertical markets."
About Metroland Media Group Ltd.
Metroland Media Group Ltd. is a dynamic media company delivering vital business and community information to millions of readers across Ontario each week, with 112 newspapers, numerous websites, other specialty and monthly publications, consumer shows and distribution operations.
About VersaPay
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and has operations in Montreal and New York.
More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
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SOURCE VersaPay Corporation
David CW Chan, Chief Financial Officer, VersaPay Corporation, 647-258-9475, [email protected]; John McLeod, Vice President, Marketing, VersaPay Corporation, 647-258-9406, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]
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