infoTECH Feature

February 03, 2016

Greentree Logistics Streamlines Accounts Receivable with VersaPay Automation Solution

Greentree Logistics, the brokerage division of the diversified for-hire transportation company Greentree Transportation, recently announced its plan to implement an accounts receivable automation solution from VersaPay Corporation, a company specializing in cloud-based invoicing, accounts receivable management and payment solutions.

VersaPay ARC will allow Greentree to fully automate its accounts receivable process and streamline access to income through a secure cloud-based system. The solution initially makes it easy for customers to pay the company via EFT / ACH and credit card in a PCI (News - Alert) secure environment. Invoices are automatically generated and corresponding payments are instantly matched with them, so payments can be collected much more quickly and efficiently through elimination of manual processes and therefore potential errors or delays. VersaPay also supplies a secure portal so Greentree can collaborate with customers and simplify the entirety of every transaction that takes place.

“The ARC platform will save our customers a lot of time and allow them to make payments online in a PCI compliant environment,” said Abbey Van Vynckt, Greentree’s Vice President of Finance. “Additionally, our team at Greentree will be far more efficient as they will no longer have to manually match payments to invoices and they will have access to information dashboards enabling them to better serve customers.”

This intelligent accounts receivable system is augmented by a comprehensive support team and extensive learning materials. Direct advantages for Greentree include a reduction of Days Sales Outstanding (DSO), significantly improved customer care, faster receipt of income, and a reduction of payment processing costs. Because the solution is a breeze to set up in the cloud, these benefits will be realized almost immediately upon deployment.

“We have a number of customers in the trucking and logistics sector, and it's great to see players like Greentree changing the game and using ARC to help them meet their objectives,” said Craig O'Neill, CEO of VersaPay. “We expect to see continued growth in this area as our ARC solution has proven to help these companies achieve a marked improvement in their business operations.”  




Edited by Kyle Piscioniere
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