Financial Operations

August 11, 2016

VersaPay to provide Torani with accounts receivable automation solution

TORONTO--VersaPay Corporation, a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announced R. Torre & Company, maker of the iconic Torani brand flavouring syrups, has chosen VersaPay ARCTM 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 24/7," 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, CEO 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."

R. Torre & Company, Inc., maker of Torani, is a San Francisco based family-owned company that produces flavoring syrups, sauces and blended drink bases. Torani can be added to coffee, espresso beverages, cocktails, soda and other beverages.The R. Torre & Company was founded in 1925 by Rinaldo and Ezilda Torre and is still owned and operated by the Torre family.

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 deliver 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 and also has operations in Montreal.


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