GARDEN GROVE and SAN FRANCISCO, Calif., June 6, 2006 (PRIMEZONE) -- Vengroff, Williams and Associates (VWA), Inc., a global provider of finance and accounting (F&A) business process outsourcing (BPO) solutions, and Avolent, the leader in interactive, self-service electronic billing and payment software, today announced availability of the first-ever Web-based electronic invoice presentment and payment (EIPP) service offering to be integrated with the business process outsourcing model: Conveyance EIPP.
Powered by Avolent's industry-leading AVOLENT7(tm) Standard Edition software platform, Conveyance EIPP, a 100% Web-based solution, is fully integrated with VWA's business process outsourcing model and is ideal for companies interested in accelerating cash flow, while reducing operational expenses and improving customer service. The solution will be marketed and sold by VWA's in-house sales staff and VWA's business partners. Avolent will also make VWA's BPO services available to Avolent customers. Conveyance EIPP expects to have its first joint customer in production by September 2006.
Through the integration of people, process and technology, Conveyance EIPP delivers improved customer service and satisfaction, reduced administrative costs as related to billing, increased revenues, accelerated cash flow, and enhanced compliance. Conveyance EIPP automates costly, manual tasks with an interactive, self-service online application to streamline processes such as invoicing, billing, and reconciliation.
"We are delighted to be partnering with Avolent, the recognized leader in electronic billing and payment for business invoicing and payments solutions," said Mark Vengroff, CEO of Vengroff, Williams and Associates. "VWA is excited to team with Avolent to provide our growing client base with solutions that have immediate impact for customer service as well as ROI."
"It's exciting to see the groundswell of recognition among BPO providers for Web-based self-service eBilling solutions," stated Doug Roberts, CEO and president of Avolent. "By basing Conveyance EIPP on AVOLENT7, VWA enables its customers to move away from costly, time-intensive processes and create stronger relationships with their customers. Both our companies have demonstrated a strong track record of industry expertise and proven results."
Pricing and Availability
Conveyance EIPP is available now. Pricing is based on a subscription model and starts at $5,000 per month.
About Vengroff, Williams & Associates, Inc.
Founded in 1963 and with $20 billion dollars under its management, Vengroff, Williams & Associates is a leading provider of finance and accounting 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.
About Avolent
Avolent is the leading application software provider for Interactive Self-Service Electronic Billing and Payment for organizations that are committed to an eBusiness strategy. By implementing Avolent software, organizations can improve customer service and satisfaction, reduce operating costs, increase revenues, accelerate cash flow, and promote compliance. Three of the top five eBusiness companies in the world have standardized on Avolent. Today, 10 eBills are presented every second through Avolent software. Avolent's customers include AT&T, Do It Best, MasterCard, Highmark, Office Depot, Unisys, Wells Fargo, and two of the three largest PC suppliers in the world. For more information call (800) 553-5505 or visit www.avolent.com.