Versapay's mission is to improve accounts receivable efficiencies and accelerate cash flow for businesses by connecting AR teams with their customers via the cloud. The Versapay Network simplifies billing and payments for buyers and sellers while lowering costs and eliminating paper, checks, and manual processes. Versapay is owned by Great Hill Partners, a Boston-based technology investment firm. It has offices in Toronto and Atlanta.
Fremont, CA: Versapay, a leading provider of cloud-based payments and accounts receivable (AR) automation solutions, announced three new members to its Executive Leadership Team today. Ward Schultz has been appointed Chief Financial Officer (CFO), Nancy Sansom has been appointed Chief Marketing Officer (CMO), and Alex Hoffmann has been appointed Executive Vice President of Payments.
"After a year of rapid growth, Versapay is at a critical juncture as we cement the company's leadership in collaborative AR and capture the market opportunity for the digital transformation of the business payments lifecycle," said Versapay CEO Craig O'Neill. "We are thrilled to bring Ward, Nancy, and Alex's expertise to the organisation as we continue to innovate B2B payments and AR and drive Versapay Network adoption."
Ward Schultz joined the company in December 2021, bringing with him over 20 years of experience in economic transformation and revenue growth. In addition, Versapay's strategic growth plans will be aided by his passion for finance, digital strategy and automation, and data analytics.
Ward most recently served as CFO of SkillSurvey, a cloud-based solutions provider that assists organizations in finding and retaining talent. He also worked as the CFO of several public and private companies, including Citi Prepaid Services, Processing.com, and ProfitPoint, Inc., where he developed systems and strategies that enabled strategic revenue growth.
Nancy Sansom is Versapay's new CMO, beginning her tenure in January 2022. She has nearly 20 years of executive leadership experience in high-growth software as a service (SaaS) companies and extensive experience driving marketing, commercialization, and product development.
Before joining Versapay, Nancy was CMO at PlanSource, a cloud-based benefits technology provider, before being promoted to Chief Commercial Officer (CCO). Nancy was in charge of all aspects of marketing and communications at PlanSource and the company's strategic partnership programs.
Alex Hoffmann has joined the company as the company's Executive Vice President of Payments. Alex is a proven global business builder with 20 years of executive leadership experience at PayPal, MoneyGram International, and ACI Worldwide. He is taking over the company's payment strategy and product direction while also spearheading Versapay's international expansion efforts. In addition, Jayme Moss, co-founder of Solupay and previously in charge of the company's payment strategy, will continue to serve on the Versapay board as a strategic advisor.
