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Versapay Corp - Ordinary Shares VPYYF

VersaPay Corp is a financial technology company that provides cloud-based accounts receivable automation software and payment solutions for businesses. The company's only segments are VersaPay Solutions Through its VersaPay Solutions segment, the company focuses on electronic invoice presentment with its ARC software (ARC) and develops value-added payment technologies, such as its PayPort and VersaPay Gateway. It sells its products to customers in Canada and the United State.


OTCPK:VPYYF - Post by User

Post by ARIMA11on Aug 19, 2019 11:07am
143 Views
Post# 30043013

Interesting

Interesting
An interesting point made in this article.

“Companies can now automate highly repetitive activity at a lower cost with a higher degree of accuracy,” said David Axson, head of the CFO consulting practice at Accenture Strategy, a unit of consulting firm Accenture PLC. “This especially applies to high-volume-use cases like accounts payable.”
 
Less than half of companies’ accounts-payable activity worldwide is currently automated, Accenture Strategy says. That figure is expected to rise to 80% by 2025. Processing invoices and expense reports are prime targets for automation.

https://www.wsj.com/articles/airbus-harnessing-ai-in-bid-to-save-millions-on-finance-tasks-11566207002?
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