April 6, 2016

VersaPay selected by The Erb Group of Companies to provide accounts receivable automation solution

SAN ANTONIO, TX and TORONTO - - VersaPay Corporation, a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced its newest customer, The Erb Group of Companies (Erb). Erb, which provides trucking and distribution services throughout Canada and the US, selected VersaPay to support its rapidly growing business and its commitment to maintaining a leadership position.

"The growth we have enjoyed as a company stems from our commitment to continually search for new and better ways of doing things, coupled with our relentless focus on providing a great customer experience," stated Irene Holdbrook, VP of Finance at Erb. "We are in a highly competitive market with thin margins so implementing process enhancements such as AR automation will reduce our processing time and costs. Additionally we expect to reduce our Days Sales Outstanding (DSO) as a result of automatically following up with customers and avoiding the need to resend invoices and proof-of-delivery documentation."

"We are delighted that Erb has selected Versapay ARC. As a leader in trucking in North America, other companies watch Erb to better understand market trends and opportunities," noted Craig O'Neill, CEO at VersaPay. "As more trucking and distribution companies choose VersaPay ARC it is becoming clear that automating AR will be a standard requirement for supply chain companies in the not-so-distant future and we are intent on leading the charge."



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