Vengroff, Williams & Associates Expands Its Outsourced Credit Services Offering with CreditPointe Partnership

Vengroff, Williams & Associates, a leading provider of receivable management and business process outsourcing solutions with more than 3000 worldwide customers, today announced availability of its expanded outsourced credit service offering. Following its strategy to partner with best-of-breed solution providers to offer full-service F&A products, VWA has forged a strategic partnership with CreditPointe to enhance its existing credit services offering. The expanded solution includes:

• Company risk analysis
• Industry risk analysis
• Bankruptcy analysis
• Public company data
• Credit analysis as an outsourced service
• Reduction of in-house expense through automation
• Deep risk mitigation data though portfolio monitoring
• Credit file maintenance (Sarbanes-Oxley compliance)
• Specialized tools specific to client industry

“With CreditPointe’s in-depth credit risk solutions coupled with VWA’s overall outsourcing expertise, our clients can now outsource the entire front-end of credit services — both people and technology,” said Mark Vengroff, CEO of Vengroff, Williams & Associates. “VWA and CreditPointe have truly hit on an exciting new outsource improvement for credit.”

Leveraging technology as its key differentiator, CreditPointe can provide specialized reporting at half the typical costs. “Our business process automation technology allows us to offer comprehensive credit risk reports quickly and efficiently,” said Dr. Venkat Srinivasan, CEO of CreditPointe. “Our partnership will enable VWA customers to improve the quality, timeliness and depth of their credit lifecycle, while simultaneously providing our customers the ability to outsource the people associated with credit analysis.”