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VPY VersaPay Corp

2.69
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
VersaPay Corp TSXV:VPY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.69 2.69 2.69 0 01:00:00

Versapay Again Named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Accounts Receivable Automati...

17/12/2020 5:48pm

PR Newswire (Canada)


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TORONTO, Dec. 17, 2020 /CNW/ - Versapay Corporation, the leader in Customer-Centric Order-to-Cash solutions, has been named a Leader in the recently published IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Accounts Receivable Automation Software 2020-2021 Vendor Assessment, December 2020, IDC#US47032320.

Versapay named a leader in 2020 IDC MarketScape (CNW Group/VersaPay Corporation)

The report highlights Versapay's strengths in collections and analytics, self-service and collaboration, and payments, stating: "The platform consistently achieves strong buyer adoption and drives material savings for suppliers through faster payment, reduced processing costs, removal of manual processes, and customer self-service."

"The events of the past year have made it clear just how critical convenience and digitization are in creating strong customer experiences," stated Kevin Permenter, Senior Research Analyst, IDC. "Forward-thinking companies are transforming their AR processes to remove friction from the billing and payment experience, a goal that Versapay supports."

"We're excited to be recognized as a Leader for the second year by IDC MarketScape through their comprehensive market research," said Craig O'Neill, Chief Executive Officer of Versapay. "We're focused on simplifying buyers' and sellers' experience throughout the entire order-to-cash process, and this report confirms that our customer-centric approach highly resonates with the market."

Versapay was also named in Deloitte's 2020 Technology Fast 500 report and recently announced its merger with Solupay, creating a B2B Payments network supporting 500,000 end-customers.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Versapay

Versapay is focused on changing the way companies do business together by offering Customer-Centric Order-to-Cash solutions and B2B Payments for mid-market and enterprise businesses. We help our clients offer a superior customer experience, enabling CFOs to accelerate cash conversion, streamline payments, and digitally transform manual business processes. Based in Toronto with offices in Atlanta, Cleveland, Baltimore, and Las Vegas, Versapay is owned by Great Hill Partners, a Boston-based technology investment firm.

Versapay logo (CNW Group/VersaPay Corporation)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/versapay-again-named-a-leader-in-the-idc-marketscape-worldwide-saas-and-cloud-enabled-midmarket-accounts-receivable-automation-software-301195420.html

SOURCE VersaPay Corporation

Copyright 2020 Canada NewsWire

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