SOURCE: NWP Services Corporation

November 14, 2008 13:05 ET

NWP Services Corporation Completes ViaStar Energy Inc. Transition

IRVINE, CA--(Marketwire - November 14, 2008) - NWP Services Corporation (NWP), the leading provider of financial transaction processing solutions for the multifamily housing industry, today announced that it has successfully completed the transition of ViaStar Energy's billing customers to NWP's billing system on schedule, in just sixty days following acquisition of the company.

"We are very pleased to have now welcomed our new property management customers and look forward to contributing to their financial success through the delivery of quality utility billing, electronic rent payment and utility management services," stated Michael Radice, president and CEO of NWP. "The rapid completion of this transition demonstrates NWP's ability to expertly and efficiently implement significant new volumes of apartment communities on the NWP billing system in a very short timeframe," added Radice.

"The transition from ViaStar to NWP has been a smooth and rapid process. The high quality training for the Property Staff made it easy to respond to resident questions and the NWP website is simple to use," said Christy Lindbeck, Regional Property Manager, Welbourne Management.

On August 28, 2008, NWP Services Corporation acquired ViaStar Energy, Inc., an Indianapolis-based provider of utility billing and meter installation and maintenance services to multifamily communities, manufactured housing communities, condominiums, and retail properties. The acquisition has added a significant presence for NWP in the Midwestern United States. Former ViaStar customers are quickly benefiting from the quality and breadth of services offered by NWP including its advanced electronic data exchange technologies, easy to use reports, and enhanced online program management capabilities.

NWP representatives Terry Crowder, Dave Hoffman, Jeff Morrison, and Deborah Wray will welcome new customers at the Indianapolis Apartment Association Trade Show on November 17-18th, 2008 at the Indiana Convention Center - Hall C, Indianapolis, IN, booth #309.

About NWP Services Corporation:

Headquartered in Irvine, California, NWP Services Corporation (NWP) serves the multifamily housing industry as its leading financial transaction processing provider. NWP is known for its industry expertise delivering proven results and exceptional quality in resident billing, resident payment processing and utility management.

Resident billing by NWP helps property owners offset their utility expenses. The company's utility cost recovery team allocates utility charges to residents and prints and sends the bill; NWP's billing options now include convergent- or "rent-inclusive"-billing through its Resident OneBill service. Complementing its billing services, the company's electronic resident payment processing service; called Resident ePay; enables residents to pay their rent, utilities and other monthly charges online or at the rental office with funds transferred to the property's bank account electronically. Resident ePay gives residents convenience and choice and enables owners to access cash faster. In addition, with its UtilityPay Manager program, NWP processes and pays invoices sent to customers' properties by utility companies. UtilityPay Manager helps customers reduce time spent on administrative bill payment work and provides them with valuable utility data and additional cost management opportunities, including recovering expenses from residents when they fail to transfer utilities into their own name.

NWP's offerings are available as individual services or as a fully integrated solution and are designed to accelerate the financial performance of our customers, allowing them to recover and reduce operating costs, create operational efficiencies, improve NOI and FFO and boost resident satisfaction. Additional information is available at www.nwpsc.com.

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
    949-253-2589
    Email Contact