VersaPay provides ARC to Regency Centers
2018-04-24 07:56 ET - News Release
Mr. Craig O'Neill reports
VERSAPAY ADDS REGENCY CENTERS A LEADING U.S. REIT TO GROWING CUSTOMER LIST
VersaPay Corp. has added Regency Centers as the latest organization to implement ARC.
With nearly 430 locations, Regency Centers is one of the largest grocery-anchored shopping real estate investment trusts based in the U.S. Regency was seeking an innovative solution that would help them proactively manage their growing list of tenants by offering account transparency and industry-leading reporting tools. Furthermore, Regency wanted a platform that would drive higher engagement rates among tenants and lead to a higher recovery rate of outstanding accounts receivable claims.
"In seeking a solution, we used a detailed due diligence approach and compared a number of technology providers and banks that could potentially meet our needs," said Dale Johnston, chief information officer for Regency Centers. "As part of our process, we found VersaPay had the most comprehensive technology available on the market, and were able to fulfil the solution requirements as we envisioned moving us to the next level. Part of our company's mandate is to be an industry leader in the integration of technology solutions to enhance and increase efficiency in our relationships with tenants, and we believe that VersaPay helps us achieve that goal."
"With a consistent track record of wins over the past year ARC has become the new standard in AR automation for commercial REITs," said Craig O'Neill, chief executive officer of VersaPay. "We are very pleased to have been selected by Regency after such a thorough evaluation process, and we are excited to work with them to enhance their tenants' experience while streamlining Regency's internal processes."