NASHVILLE and TORONTO, Oct. 1, 2018 /PRNewswire/ - VersaPay Corporation (TSXV: VPY) ("VersaPay"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that its chairman Art Mesher in an exclusive to Council of Supply Chain Management Professionals (CSCMP), is publishing "3V's Part Two, Darwin's Law and the X Factors". In addition to publishing the paper Mr Mesher will be participating in a fireside chat during the Edge 2018 Conference to discuss its contents.

"Art published the initial 3V's paper 20 years ago which became an institutional framework for our industry. CSCMP recognized the work as one of the most influential writings of the organization's 50 year history," commented Rick Blasgen, President and CEO of CSCMP. "In an exclusive to CSCMP Art has released 3V's Part Two and we are grateful for this contribution."

"Today we have an 'X' exponential proliferation of the microprocessors, an 'X' exponential rate of speed and ubiquity of wireless networks along and an 'X' exponential increase of connected devices. Today's 'always on and always connected' has created a 'nowhere to run and nowhere to hide' environment," stated Arthur Mesher, Chairman of VersaPay. "This Big data, Machine learning, AI, IOT, Blockchain enabled environment is creating an 'X' factorial increase in transparency and speed that is redefining business relationships and supporting systems. This collision, dubbed the 'X factors' is causing both enormous disruption and opportunity, as old business models are sunset and new business models dawn a new day. Using the 3V's framework this session will identify the 'X factors' that will impact those that thrive or die as the exponential rate of change will have such velocity that the extinction threat of their processes, systems and companies will be real."

About the Session and the 3V's Paper

The Fireside chat will be lead by renowned analyst Adrian Gonzalez. He will interview Arthur Mesher, Distinguished Service Award Winner and author of The 3V's Part Two. Also participating in the discussion is Phil Ruotolo, Director of Merchandising Solutions Customization at Proctor and Gamble. The session takes place Tuesday October 2, 2018 at 10:30 am at CSCMP's Edge 2018 being held at The Gaylord Opryland Resort & Convention Center in  Nashville, Tennessee.

Using the 3V's framework the presentation will address the following key questions:

• How will supply chain management impact corporate performance?
• How will IT be used to enable and optimize supply chain performance?
• How will the markets for systems and logistics services evolve?
• How can users best implement process improvement and technological initiatives to improve supply chain performance?

For more information or to download the paper visit www.3vspart2.com

About CSCMP

Since 1963, the Council of Supply Chain Management Professionals (CSCMP) has been the leading worldwide professional association dedicated to education, research, and the advancement of the supply chain management profession. With more than 8,500 members globally, representing business, government, and academia from 65 countries, CSCMP members are the leading practitioners and authorities in the fields of logistics and supply chain management. To learn more, visit cscmp.org. CSCMP on social media: Twitter, Facebook, LinkedIn and YouTube.

About VersaPay

VersaPay is a Fintech company and leading provider of cloud-based invoice-to-cash solutions, enabling businesses to provide a superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and costs. VersaPay ARC is the new standard in accounts receivable and collections automation with a customer self-service environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable efficient collections, cash application and real-time insight into accounts receivable. VersaPay ARC automatically reconciles payments and account information through integrations with a wide range of ERPs and accounting software providers.

More information about VersaPay is available at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.

Forward Looking and Other Cautionary Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content:http://www.prnewswire.com/news-releases/arthur-mesher-to-publish-3vs-part-two-20-years-later-300721267.html

SOURCE VersaPay Corporation