Vengroff, Williams & Associates Launches Proprietary Technology to Accelerate Cash Flow for Leading Companies

Vengroff, Williams & Associates (VWA), a leading provider of receivable management and business process outsourcing solutions, today announced availability of its deduction management system.

Already in use by VWA?s leading retail and entertainment customers, the technology was developed to complement VWA?s outsourced receivables services and is ideal for companies that use large distribution channels or sell direct to large retailers. VWA?s deduction management system drastically reduces the manual process associated with high-volume deduction and the dispute resolution processes by connecting vendors, distributors and retailers via a Web-based application. With this solution, deduction management resources can typically be reduced by 20%.

?Innovative companies demand innovative ways of running their businesses all the way down to how they manage their distribution and receivables,? said Gabe Torek, CTO of Vengroff, Williams and Associates. ?To meet the high standards of our customers receivables needs, VWA puts a heavy emphasis on technology. Whether via partnerships, or internal development, our customers can depend on VWA to offer the most advanced receivables management technology the industry has to offer.?

Meant to work with ERP platforms that don?t offer the ability to manage mass deductions efficiently, VWA?s deduction management system features include:

• Data Merge: Combines existing operational data from disparate systems, vendors, customers and distributors into a centralized uniform platform.
• Factor Files: Customizes the accounts receivables (AR) treatment plan at the portfolio, customer and transaction level to more effectively utilize human resources and support reporting needs. Easy-to-use business logic allows real time change without IT support.
• End-to-end Accountability: Reduces resolution time by enforcing cross-departmental accountability.
• Data Mining: Goes beyond standard AR reporting providing actionable data to immediately resolve deductions and quantify root cause issues. Cross-relational reporting allows customers to reexamine their customer?s performance from new perspectives to strengthen negotiating power.
• Metrics: Ability to monitor each employee for workload and productivity allows managers to identify weak links and bottlenecks before they become problems.
• Auditing and Controls: Audit trails are available on all user and administrative activities in support of SOX and SAS-70 requirements.