Contact Information: Editorial Contacts: Beth Trier Trier and Company for VWA 415-285-6147 Email: Robert Sherman Vengroff, Williams & Associates, Inc 714-889-6202 Email:
Vengroff, Williams & Associates Continues European Growth With Second Paris Office Opening
VWA and Twentieth Century Fox Home Entertainment Extend Outsourcing Engagement
| Source: Vengroff, Williams & Associates
GARDEN GROVE, CA--(Marketwire - August 29, 2007) - Vengroff, Williams & Associates (VWA), a
leading provider of receivable management and business process outsourcing
solutions with more than 3000 worldwide customers, today announced
continued growth in Europe as a second office in Paris, France recently
opened, resulting in doubled headcount in France.
VWA and Twentieth Century Fox Home Entertainment (Fox) add to their growing
portfolio and outsourcing relationship by opening a fourth European
location office. This partnership will broaden VWA's portfolio as they
will manage the joint venture in France of Fox, Pathe and Europa Corp
(FPE). VWA has provided Fox with credit, risk and deduction management
services for 3 years. Whilst an outsource contract, VWA has agreed a lease
to enable its staff to work in the FPE building located close to the
Champs-Elysees in Central Paris.
"Our brand in Europe continues to develop, and we as an outsource provider
will continue to work with our clients in order to offer them the best
possible solution to meet their needs," said Nick Head, VWA's Senior
Director. "VWA's position as a niche player enables us to offer the
ultimate flexibility that our clients require rather than a one fit all
model."
"Order to cash (O2C) is by far the largest segment within finance and
accounting BPO, with activity dominated to a great extent by accounts
receivable and collections services," said Rachael Stormonth, Vice
President of Nelson Hall. "Nelson Hall research shows that the market for
accounts receivable and collections services has traditionally been
populated by smaller regional firms. However, the service provider
landscape is now changing with major firms such as Vengroff Williams and
Associates developing a global presence to serve their international
clients."
"We are delighted that Fox has chosen to partner with VWA in France," said
John Coyle, VWA's Director of Client Services for Fox Europe. "This is
testament to the success in reducing overdues and delivering state of the
art technology solutions in the other territories that we operate for Fox."
About Vengroff, Williams & Associates, Inc.
Founded in 1963, and with $23 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. VWA has been
named a Top 21 enterprise-level FAO service provider by FAO Today Magazine.
To learn more about VWA, please visit www.vwainc.com or telephone
(866) 393-4892.