VersaPay (TSXV: VPY), a provider of cloud-based cash billing solutions including electronic bill submission and payment, announced on Tuesday that it has launched a new module on it. customer account platform, ARC, which offers enhanced cashbook application and bank reconciliation capabilities powered by Cashbook.
According to VersaPay, ARC provides a true end-to-end solution for cash-for-cash invoicing, automating all process steps for all types of payments, including collecting payout data from customer emails and supplier websites; and reconciliation of bank statements to accounting books and records. While sharing more details, Greg Coulter, CEO of Cashbook, said:
âWe are thrilled to be working with VersaPay to offer the most comprehensive cash-to-collect billing solution on the market. Cashbook has been providing proven cash application solutions to Fortune 1000 companies in over 25 countries for over 16 years, and combining this long experience with VersaPay’s innovative platform for augmented reality automation is everything. quite logical.
Craig o’neill, CEO of VersaPay, added:
âSince the introduction of ARC in 2015, VersaPay has constantly researched new ways to further automate the bill-to-cash process. By partnering with Cashbook, we now have full AR cycle coverage. By augmenting VersaPay’s innovations with Cashbook’s nearly two decades of experience handling a long list of payment sources, banks, and ERP’s, we can provide the only fully integrated end-to-end solution to streamline the RA.
Founded in 2006, VersaPay claims to be one of the leading cloud-based invoice submission and payment providers for businesses of all sizes. Its software-as-a-service ARC offering allows businesses to easily provide personalized electronic invoices to their customers, accept credit card and EFT / ACH payments, and automatically reconcile payments with their ERP and accounting software. .