GARDEN GROVE, Calif., Sept. 12, 2006 (PRIMEZONE) -- Vengroff, Williams & Associates (VWA), a leading provider of receivable management and business process outsourcing solutions with more than 3000 worldwide customers, today announced availability of its expanded outsourced credit service offering. Following its strategy to partner with best-of-breed solution providers to offer full-service F&A products, VWA has forged a strategic partnership with CreditPointe to enhance its existing credit services offering. The expanded solution includes:
-- Company risk analysis -- Industry risk analysis -- Bankruptcy analysis -- Public company data -- Credit analysis as an outsourced service -- Reduction of in-house expense through automation -- Deep risk mitigation data though portfolio monitoring -- Credit file maintenance (Sarbanes-Oxley compliance) -- Specialized tools specific to client industry
"With CreditPointe's in-depth credit risk solutions coupled with VWA's overall outsourcing expertise, our clients can now outsource the entire front-end of credit services -- both people and technology," said Mark Vengroff, CEO of Vengroff, Williams & Associates. "VWA and CreditPointe have truly hit on an exciting new outsource improvement for credit."
Leveraging technology as its key differentiator, CreditPointe can provide specialized reporting at half the typical costs. "Our business process automation technology allows us to offer comprehensive credit risk reports quickly and efficiently," said Dr. Venkat Srinivasan, CEO of CreditPointe. "Our partnership will enable VWA customers to improve the quality, timeliness and depth of their credit lifecycle, while simultaneously providing our customers the ability to outsource the people associated with credit analysis."
Availability
VWA's expanded credit services offering is available now and is offered to VWA's worldwide clients.
About CreditPointe
CreditPointe offers innovative products and world class service that address the credit manager's needs in a flexible and comprehensive manner. Assisting customers with the ongoing challenges of monitoring credit exposure both at a customer and portfolio level, CreditPointe leverages existing investments in technology and business processes.
The CreditPointe team is uniquely positioned to provide comprehensive and best-in-class services for credit risk management because of its widely acknowledged thought leadership, pioneering knowledge-based business process technology and established successes in delivering analytical services using on-shore and off-shore analyst teams. More information can be found at www.creditpointe.com.
About Vengroff, Williams & Associates, Inc.
Founded in 1963, and with $20 billion dollars under its management, Vengroff, Williams & Associates is a leading provider of receivables management business process outsourcing (BPO) solutions for Fortune 1000 companies such as General Electric, Ford Motor Company, Federal Express, Kodak, Microsoft, Yamaha and others. Applying state-of-the-art proprietary information systems, best practice work flow and people to realize cost reductions, operating efficiencies, and improved process design, VWA's approach enables clients to easily insource or outsource all or part of the quote-to-cash function. Solutions are customized to each client's requirements or expanded to incorporate specialized tools and SAS 70 compliant processes and procedures. Services include full order to cash processing, third party collections, EIPP systems, deduction management, dispute management, auto cash solutions, front-end risk mitigation, and tax resolution. To learn more about VWA, please visit www.vwainc.com or telephone (866) 393-4892.