VersaPay Corporation announced that it has signed an agreement with Samtec to provide VersaPay ARC. With revenues approaching $1 Billion, Samtec was looking to enhance its receivables process, and improve the payment experience for customers, including self-service functionality. The winning platform had to automate collections and eliminate manually driven processes, significantly reduce aged receivables and enable a proactive approach for managing the invoice-to-cash process. As a result of an exhaustive evaluation process, Samtec selected ARC to realize their vision of providing a truly customer-centric AR solution.