GARDEN GROVE, Calif., Feb. 21, 2007 (PRIME NEWSWIRE) -- Vengroff, Williams & Associates (VWA), a leading provider of receivable management and business process outsourcing solutions with more than 3000 global customers, today announced that the company has been named as one of the top twenty-one enterprise-level FAO Service Providers by FAO Today Magazine.
According to FAO Today Magazine, VWA is one of the companies that stand head and shoulders above the rest. It's not just that they have global presence, but these companies also have strength in service delivery, ability to address multi-domain needs, and have market momentum. Even more impressive for the buyer is their ability to leverage low-cost resources wherever they are located.
"VWA is honored to be named to such a prestigious list," said Mark Vengroff, chief executive officer of VWA. "Our innovative F&A outsourcing services offer a seamless extension of clients' businesses to reduce costs and provide improved response time, allowing companies no need to invest in additional personnel or capital expenditures."
"The top 21 companies are leaders in the field of financial and accounting outsourcing," said Phil Fersht, vice president and BPO Group Lead at the Everest Research Institute. "Vengroff-Williams is one of the few FAO suppliers that is quickly demonstrating it can deliver significant cost savings and business impact in Order-to-cash without the need for heavy labor arbitrage and through the application of O2C technology."
FAO Today magazine looked at providers that offer round the clock global service and asked the input of industry experts Lisa Ross of FAO Research and Phil Fersht of the Everest Group for their insight in compiling the list.
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 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.