Versapay, the leading Accounts Receivable Efficiency Suite, has announced the appointment of Ed Neumann as its new Chief Financial Officer. With over 30 years of experience in the technology sector, Neumann brings a wealth of expertise to his role, where he will be responsible for shaping Versapay's financial strategies and spearheading the development of a high-growth business model.
Carey O'Connor Kolaja, CEO of Versapay, expressed confidence in Neumann's appointment, highlighting “Ed is a financial veteran who brings a proven track record of driving operational and financial excellence for multiple high-growth companies throughout his career. His deep knowledge and understanding of fintech, e-commerce, and SaaS sectors make him an invaluable asset toward Versapay’s ambitious growth strategy.”
Neumann's extensive career includes significant achievements in various leadership roles within the technology industry. As CFO of Shopkeep, he played a pivotal role in guiding the company through its acquisition by Lightspeed Commerce in November 2020. He continued to contribute to Shopkeep's success as the executive vice president of operations until October 2022.
Prior to his tenure at Shopkeep, Neumann's financial leadership was instrumental in Borderfree's Initial Public Offering in 2014 and its subsequent acquisition by Pitney-Bowes in 2015. His most recent role was as CFO of Workrise, further solidifying his reputation as a seasoned growth CFO within the technology sector.
Expressing his enthusiasm for joining Versapay, Neumann stated, "I am honored to be joining Versapay at such an exciting time in the company's journey. I look forward to working with the leadership team to further strengthen our financial foundation and power Versapay to new heights."
Neumann holds a Bachelor's Degree in Accounting from West Chester University in Pennsylvania, underscoring his strong educational background in finance.
Versapay, known for its Accounts Receivable Efficiency Suite, provides innovative solutions to streamline and optimize accounts receivable processes for businesses. The appointment of Neumann as CFO reflects Versapay's commitment to strengthening its leadership team with experienced professionals to support its ambitious growth plans and reinforce its position as a leading provider of accounts receivable solutions.
