GARDEN GROVE, Calif., June 15, 2007 (PRIME NEWSWIRE) -- Vengroff, Williams & Associates (VWA), a leading provider of receivable management and business process outsourcing solutions with more than 3,000 worldwide customers, today announced a partnership with the CAR group, a newly formed subsidiary of AmeriCredit Corp. The CAR group specializes in collateral management services to various auto finance lenders. Following its strategy to partner with best-in-class solution providers to offer full-service finance & accounting products, VWA has forged a strategic partnership with the CAR group to enhance its existing retail and auto finance risk management services.
Through the integration of people, process and technology, the VWA and the CAR group partnership delivers improved customer service on loan servicing, reduced administrative costs for debt collection, increased revenues, accelerated cash flow, and enhanced compliance with state-specific regulations to automotive finance companies throughout the United States. As part of the partnership, VWA and the CAR group will jointly offer a unique solution that allows auto finance companies the flexibility of driving streamlined collections management and risk mitigation, regardless of whether the process is managed in-house, outsourced or a combination of both.
"VWA and the CAR group have truly hit on an exciting new outsource improvement for auto recovery and asset remarketing," said Mark Vengroff, CEO of Vengroff, Williams & Associates. "With the CAR group's recovery and asset remarketing capabilities, coupled with VWA's overall outsourcing expertise, both companies benefit from the outsourcing of risk mitigation services -- both people and technology."
By providing such primary services as Portfolio Collateral Valuation, Collateral Recovery, Vehicle Titling and Vehicle Remarketing, the CAR group offers collateral management services to debt buyers that can speed up the sale process, increase recoveries and lower the costs of recovering and liquidating collateral.
"Our partnership with VWA will enable customers to improve the quality, timeliness and depth of their credit lifecycle," said Charles Berend, Vice President of the CAR group. "We can focus on obtaining a maximum return for their auctioned vehicles, and our customers can focus on those elements of their business that they do best."
About The Car Group
The CAR group's end-to-end recovery and asset remarketing services set a higher standard in the industry. The CAR group has proven experience in providing companies out-sourced solutions including asset recovery, titling, transportation, getting top dollar at the auction, and much more. Review the benefits of utilizing the CAR group to streamline your operations and to allow your organization to focus on what you do best. More information can be found at www.thecargroup.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.