SOURCE: NWP Services Corporation

NWP Services Corporation

January 18, 2011 14:26 ET

NWP Services Corporation Continues Its Long Term Commitment to Research and Development in Products and Services for the Multifamily Housing Industry

Integrating Enabling Technologies Far Deeper Into Their Products, NWP Continuously Seeks to Unlock Innovation and Drive Even Greater Customer Benefits

IRVINE, CA--(Marketwire - January 18, 2011) - NWP Services Corporation (NWP), a leading provider of financial transaction processing solutions for the multifamily housing industry, today continued its long-term commitment to research and development (R&D) investment in its resident billing, electronic rent payment and utility management services by releasing its NWP 11.0 platform.

"NWP believes continual investment in research and development is critical to the development and enhancement of innovative products and technologies for customers," stated Jim Charles, senior vice president of NWP Services Corporation. "Our opportunity to have a positive impact on the U.S. multifamily market through delivering breakthrough solutions has never been greater. NWP's R&D technologies investment over the last twelve (12) months was a multimillion dollar program with similar investments planned for 2011. Each of our three product lines, UtilitySmart, Resident OneBill and Resident ePay, is growing and we are uniquely positioned for strong performance as we help customers in multifamily, commercial, student housing, affordable housing, HOAs, and senior living optimize the use of technology that enables their businesses to realize their full financial potential," Charles added.

Charles said, "NWP is aggressively addressing the emergence of the 'utility analytics driven portfolio': a portfolio in which accurate, real-time data automatically feeds models of the key business indicators, and in which the decision processes regarding utilities are seamlessly and completely optimized based on forecasts and procurement options. We are enabling a radical transformation from backward-looking, stale utility information to forward-looking analytics which can be proactively utilized to continuously optimize a portfolio's financial results. We are creating an integrated system for data-driven advanced analytics services that expands NWP's key strategic offerings in utility management and supply chain logistics while providing the foundation for planned future offerings."

"Our R&D focus on the software side," said Charles, "is on the customer experience using, reporting services, IE 9, Silverlight 5, 64 Bit technologies, .Net 4.0, Windows 2008 R2 (servers), Windows 8 (desktops), and the integration, leveraging and enabling of these technologies to create solutions for our clients."

In the last 12 months NWP's engineering and product teams introduced over 648 enhancements in 33 releases in a cloud environment, improving service quality and performance for customers. Over the next 5 years the company will invest significantly in R&D and innovation following a rigorous monthly schedule to build on the solid performance of its core billing platform NWP 11.0 and current product lines. These efforts are supported by SAS70 Type II Audits (SSAE 16 in 2011) and Payment Card Industry (PCI) Level 1 Certification. Engineering will also extend to important new areas of growth in emerging businesses such as solar power, business intelligence, benchmarking, resident consumption behavior, mobile devices, and unified communications technologies to drive additional operational efficiencies and financial benefit for customers who use electric, gas, water, sewer and waste services.

About NWP Services Corporation:
Headquartered in Irvine, California, NWP Services Corporation (NWP) provides financial transaction processing services for the multifamily industry including resident billing, resident payment and utility management. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay service allows residents to pay rent and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend, increasing in Funds from Operations (FFO), Net Operating Income (NOI) and the asset value of multifamily properties. Additional information is available at www.nwpsc.com.

Contact Information

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