SOURCE: VWA

VWA

March 12, 2010 13:57 ET

Vengroff, Williams and Associates Accelerates Momentum With Addition of New Customers

Mid-Sized Companies Across Diverse Industry Sectors Select VWA for Working Capital Management Solutions

LOS ANGELES, CA--(Marketwire - March 12, 2010) -  Vengroff, Williams & Associates, Inc. (VWA), the global domain leader for Order to Cash Business Process Outsourcing, today announced growing momentum across multiple vertical sectors with the addition of numerous mid-sized customers in the healthcare, telecommunications, and media industries.

Achieving a clear leadership position in the thriving, yet underserved mid-market sector, by capitalizing on the growing need for Finance and Accounting BPO Services for mid-sized organizations, VWA's new customers -- although varied in their business models -- share a common initiative to improve economic efficiencies, increase cash flow performance and optimize working capital.

Utilizing VWA's Source MPO, a web-based Software-as-a Service (SaaS) outsourcing product developed specifically for mid-market enterprises, mid-sized customers are able to drive significant cost-reductions and process improvements, while still ensuring maximum visibility across the financial services operations. To a greater extent, more emerging growth companies are turning to VWA to not only reduce costs, but to also help tighten up their BPO outsourcing processes to ensure their accounts receivables practice are fully optimized, thereby increasing their cash flow. 

VWA's mid-sized customer base, who comprises $1 billion dollars of accounts receivables under the Source MPO umbrella, has seen an average of 43% reduction in expenses and a reduction in days sales outstanding (DSO) of 7-10 days. VWA's Source MPO enables mid-sized companies in specific vertical markets to quickly outsource various levels of onshore BPO back office including:

  • Collections and Credit Management
  • Deduction management
  • Vendor and Payment Processing
  • Receivables Management Solutions
  • Order to Cash Automation

Representative Industries include:

  • Manufacturing
  • Technology
  • Publishing
  • Healthcare
  • Cosmetics / Direct to Retail
  • Financial Services

"We are pleased to acquire new contract wins so soon after the launch of our Source MPO product," said Robert Sherman, president of VWA. "Providing an enhanced finance and accounting outsourcing product for growing middle-market companies allows VWA to demonstrate our strength in delivering the critical infrastructure needed to manage finance and accounting functions efficiently while streamlining process costs and reducing headcount. We look forward to communicating Source MPO's value to gain control of working capital, as well as the quick evaluation and implementation experience and lower price point that VWA is providing to the mid-sized market."

About VWA

VWA is the global domain provider of order to cash business process outsourcing for optimizing working capital. We provide a full range of solutions and technologies which allow clients to achieve substantial financial and operational benefits that enable operational efficiency which significantly influences the outcome of their businesses. 

Founded in 1963, with over $23 billion dollars under management and 3,000 global customers, VWA strategically designs Order to Cash BPO solutions with an emphasis on technology innovation and partnership to drive ROI across the entire order to cash cycle, maximizing working capital. 

Combining unequaled experience and comprehensive capabilities across a number of vertical industries and business functions, VWA collaborates with Fortune 1000 companies such as Ford Motor Company, Disney, Federal Express, Yamaha and mid-market companies such as D3P, Crescent Healthcare, Network Appliance and others to assist in becoming solid businesses with working capital management performance defined.

With extensive industry expertise in Order to Cash outsourcing, VWA provides a broad and evolving spectrum of service offerings including O2C, starting with credit, revenue cycle management, Deduction Management, Dispute Management, 3rd party collections, Subrogation, Credit Risk Mitigation Services and A/R technology solutions.

Named a Top 21 enterprise-level FAO service provider by FAO Today Magazine and to the Global Services Top 10 in the FAO Category and Top 50 in the enterprise FAO space in the BlackBook of Outsourcing, to learn more about the award-winning Vengroff, Williams and Associates, please visit www.vwainc.com or telephone (866) 393-4892.

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