New Contract with InvenTrustInvenTrust Properties Signs Agreement With VersaPay To Provide Tenant Portal, Collections and Payment Platform Chicago, IL ; Toronto, ON – June 13, 2017 – VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced InvenTrust Properties Corp. (“InvenTrust”) has signed an agreement to provide its tenants across the U.S. with a tenant portal and payment platform.
“Our company continues to execute our pure-play multi-tenant retail strategy, which has required us to take a critical look at our infrastructure and operating processes in order to scale and drive efficiencies,” commented Adam Jaworski, Chief Accounting Officer at InvenTrust. “With VersaPay’s platform, our tenants will have self-service account access and our accounting team gains dashboard visibility on key financial metrics to proactively monitor and manage the financial operations. This also provides efficient processes and visibility for our property and asset management teams so they can focus on our tenants and properties, and continue to execute our strategy.”
“When considering new approaches for supporting our tenants, we rigorously reviewed multiple options to ensure we were getting the best for our business,” stated Dipesh Shah, Chief Information Officer at InvenTrust. “Having put VersaPay’s platform through the paces against other top players we are confident that we have selected a solution that will truly support our employees and will be welcomed by our tenants.”
“After such an in depth selection process we were very pleased to be chosen by a rapidly growing company like InvenTrust,” noted Craig O’Neill, CEO of VersaPay. “The combination of capabilities VersaPay offers, from a secure, convenient tenant portal, to collections tools, online payments, and automated cash application, gives InvenTrust a powerful solution to scale their business and delight their tenants.”
VersaPay will be exhibiting at Ad Hoc 2017 being held this week in Chicago at Sofitel Hotel, June 14 – 16
th. Those interested in learning more about VersaPay solutions are encouraged to stop by the VersaPay display and speak with a company representative.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. is a pure-play multi-tenant retail company with a focus on acquiring open-air centers pursuant to a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach drives the success of both our tenants and business partners and net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of December 31, 2016, is an owner and manager of 86 retail properties, representing 15.2 million square feet of retail space, and one non-core property.
For further information, please visit www.inventrustproperties.com
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 present 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.
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 For additional information, please contact: John McLeod
Vice President, Marketing
VersaPay Corporation
647-258-9406
john.mcleod@versapay.com | | Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com
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