SOURCE: NWP Services Corporation

June 06, 2005 09:00 ET

NWP Services Corporation Announces Consolidated Resident Billing Solution: All Monthly Charges on One Invoice Delivered to Each Apartment Resident

Consolidated Billing Solution Is Called "Resident OneBill™"

IRVINE, CA -- (MARKET WIRE) -- June 6, 2005 -- NWP Services Corporation (NWP), a leading provider of resident billing and payment solutions to the multihousing industry, announced today that it is now offering Resident OneBill™, a billing service that enables a property owner to present in detail on one invoice all of the monthly charges owed by apartment residents to their property owners.

NWP's Resident OneBill allows property owners to provide residents invoices that contain itemized detail regarding the monthly charges owed for their apartment home such as rent, utilities, pet fees, storage, discounts, parking fees, month-to-month fees, and any other type of fee charged by the property owner. Resident OneBill helps ensure that residents understand exactly what they owe and that they pay their monthly balance in full at the time they pay their rent. With the invoices being sent prior to the due date specified on resident leases reaffirming for the resident the date the balance is due, time spent by on-site property management staff tracking down small balances is reduced, resident satisfaction is increased, and property collections are improved. In addition, Resident OneBill invoices are branded with the logo and name of the property or management company to provide for a more affinity-based experience for the property owner.

In addition to monthly charges, Resident OneBill invoices can also include messaging customized by property managers for their residents, such as invitations to upcoming community events or general property-wide announcements or reminders.

"NWP is pleased to offer this exciting solution for the multihousing industry," stated Michael Radice, president of NWP Services Corporation. "For our customers who are already benefiting from our utility billing service, Resident OneBill allows them to expand their communications with their residents. Resident OneBill is also a solution available to property owners and managers who may not be utilizing NWP's utility billing service, but are interested in providing this service to their residents and in creating efficiencies for their property-level staff," Radice added.

About NWP Services Corporation

Headquartered in Irvine, Calif., NWP Services Corporation (NWP) is a leading provider of billing, payment, and utility management solutions to the multihousing industry. NWP's service offerings help improve the financial performance of its customers, allowing them to offset utility expense, improve overall resident collections and boost resident satisfaction. NWP also provides the regulatory expertise, technology infrastructure and high quality support services that property owners and managers rely on to stay competitive and thrive in ever-changing markets. Additional information is available at www.nwpsc.com.

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