New Orleans, LA ? Vengroff, Williams & Associates, Inc. (VWA), a global leader for receivable management and business process outsourcing solutions, today announced that it has partnered with Aceva Technologies, a leading provider of enterprise applications for revenue and receivables management. The partnership combines best-in-class people, services, and technology to optimize and automate revenue and receivables management. As part of the partnership, VWA and Aceva will jointly offer a unique solution that allows corporations the flexibility of driving streamlined collections management regardless of whether the process is managed in-house, outsourced or a combination of both. Unique to the partnership, VWA and Aceva have integrated their solutions to allow in-house collections departments to dynamically address variable staffing requirements by bringing on additional VWA resources with seamless access to Aceva and VWA’s technology platform for credit and collections management.
The Aceva Revenue and Receivables Management Suite is a best-of-breed software solution that delivers end-to-end revenue and receivables visibility, continuous business policy monitoring, collections process automation, and comprehensive reporting and analytics. VWA counts many of the Fortune® 500 among its worldwide customers and with over $20 billion in accounts receivables annually under management ? runs one of the world?s largest receivables teams. From technology through outsourcing, the combined solution provides the industry’s most comprehensive offering in receivables management. Aceva’s customers can seamlessly add outsourced manpower to supplement internal collections teams as sales and account activity fluctuates, while maintaining consistent and high-quality customer services levels. Equally, VWA’s customers can now leverage Aceva’s technology in an integrated, plug-and-play fashion. Combined with VWA?s existing technology, customers will derive significant reductions in their AR Working Capital without having to go through an additional technology implementation.
Utilizing a deep due diligence process around the leading technologies in the market, that was based on VWA’s learning’s from managing one of the world’s largest receivables pool, VWA evaluated most existing solutions in the market, before choosing Aceva.
“Aceva’s strong track record of delivering proven, leading-edge solutions to highly-satisfied customers, makes them a clear choice for partnership with VWA,” said Mark Vengroff, CEO, Vengroff, Williams & Associates, Inc. “We are pleased to join forces with Aceva to bring world-class accounts receivable outsourcing solutions to market.”
The collaborative efforts will leverage VWA’s extensive abilities to quickly and proficiently design efficient processes and technology solutions for outsourcing the entire quote-to-cash cycle, combined with the added value of enterprise applications from Aceva, which help corporations minimize accounts receivable, reduce revenue leakage, and enhance customer satisfaction. Customers will jointly benefit from the new partnership as the comprehensive service offering optimizes the treasury function and provides additional solutions for segmented outsourcing or internal solutions to drive improved control, compliance, and continuous process improvement.
“VWA’s extensive domain expertise and demonstrated track record for outsourced receivables management makes them an ideal partner for Aceva,” stated Sanjay Srivastava, chief operating officer of Aceva. “We are already installed within the shared service centers of leading corporations around the world, and our partnership with VWA offers a natural extension of comprehensive services that our customers can leverage.”
