GARDEN GROVE, Calif., April 25, 2006 (PRIMEZONE) -- Vengroff, Williams & Associates (VWA), a leading provider of receivable management and business process outsourcing solutions, today announced additions to its growing customer base of more than 3,000 worldwide organizations with new customers DHL Danzas Air and Ocean (http://www.us.danzas.com/), D3P (http://www.d3publisher.us/) and Martin Marietta (www.martinmarietta.com).
The recent customer wins comes on the heels of predictions by FAO Research (www.faoresearch.com) that buyer demand for financing and accounting outsourced services will rise steadily this year, with the number of enterprise-wide contracts signed in 2006 expected to grow to more than twice the number in 2005.
"As more and more companies realize that in addition to direct cost savings, outsourcing provides greater efficiencies through proven technologies, operational excellence, assists in SOX compliance, and most importantly, enables their internal resources to focus on more strategic activity, we have seen an increased interest in our solutions," said Mark Vengroff, CEO of Vengroff, Williams and Associates. "The recent addition of DHL Danzas Air and Ocean, DP3 and Martin Marietta as VWA customers further validates the adoption of the F&A outsourcing model."
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.