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Bullboard - Stock Discussion Forum 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... see more

OTCPK:VPYYF - Post Discussion

Versapay Corp - Ordinary Shares > VERSAPAY TO PROVIDE TORANI w. ACCOUNTS RECEIVABLE AUTOMATION
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Post by luberon on Aug 10, 2016 1:31pm

VERSAPAY TO PROVIDE TORANI w. ACCOUNTS RECEIVABLE AUTOMATION

VERSAPAY TO PROVIDE TORANI WITH ACCOUNTS RECEIVABLE AUTOMATION SOLUTION

R. Torre & Company, maker of the iconic Torani brand flavouring syrups, has chosen VersaPay Corp.'s ARC as the platform to automate its invoice to cash processes.

"We ship our products all over the globe and are growing rapidly, so we have to be progressive in automating processes to keep up with demand. The VersaPay platform allows us to offer our customers self-service options to provide them with greater flexibility to review their account with us and make payments 24/seven," said Sylvie Mwila-Jonath, head of information technology at R. Torre & Co.

"The VersaPay platform will provide our accounting team with a better view of our customer accounts and facilitate greater collaboration with our customers," noted David Cannon, controller at R. Torre & Co. "Our team can receive payments on-line, and automatic reconciliation will save us a great deal of time."

"Torani is a great example of a brand name company that is expanding their business all over the world, and we are pleased to be able to support them in their expansion," offered Craig O'Neill, chief executiveo officer of VersaPay. "By delivering a better way to automate their financial operations, I am confident we will onboard many more manufacturing and distribution companies in the coming months."

Comment by luberon on Aug 16, 2016 4:47pm
https://www.torani.com/home/ Interesting.  I wasn't familiar with their products but likely would be to those in the restaurant or food industry (e.g. Second Cup). They're a private company based in San Francisco.