Versapay and Cashbook Partner to Launch Cash Application and Bank Reconciliation Module

Versapay (TSXV:VPY), a fintech company who provides invoice-to-cash solutions announced that they are partnering with Cashbook. With over 20 years experience in automating high volume cash transactions, Cashbook applies software solutions to improve this process.

As quoted in the press release:

“We are excited to work with VersaPay to offer the most complete invoice-to-cash solution on the market,” said Greg Coulter, CEO of Cashbook. “Cashbook has been delivering time-tested cash application solutions to Fortune 1,000 companies in more than 25 countries for over 16 years, and combining this long experience with VersaPay’s innovative platform for AR Automation makes tremendous sense.”

ARC’s new Cash Application module powered by Cashbook automates all payments, even those made outside of the platform. Remittance data can be gathered from a wide variety of sources, including lockbox files, emails and vendor portals, payments are automatically matched and reconciled, and deductions are identified and managed. Furthermore, ARC can now connect to over 200 banks worldwide and automate the reconciliation of payments with bank statements.

Click here to read the full press release.