COSTA MESA, Calif.--(BUSINESS WIRE)--NWP Services Corporation (NWP), the multihousing industry’s leading innovator and provider of utility cost recovery solutions, has initiated a “renaissance” in utility management with its electronic data exchange (EDE) services. NWP released a new platinum standard of integration in electronic data exchange and e-bill capabilities for billing and payments, demonstrating our continued commitment and investment in research and development.
“Our rapid growth steered us to leverage the newest technologies allowing a substantial increase in the number of transactions which can be supported, giving our customers flexible options to customize their billing policies, all with the utmost quality.”
NWP’s EDE platform includes new robust features to increase the efficiency and integration of resident data and provides the flexibility of over 25 configuration options for data exchange. Interfacing with 9 leading property management systems, these options can be adjusted to optimize recovery, protect risk, and meet customer needs while providing the highest standard in data security and financial controls, meeting PCI Level I and SSAE 16 standards. Just a few areas which have seen improvements and innovations include final bills, resident reinstatements, recovery maximizing tagging options, billing accounts receivable loading into general ledgers, advanced reporting and real-time rent charges on billing date.
“NWP continues to make significant investments in our EDE platform to eliminate any extra steps and to provide customers with a seamless recovery program. We have formed strategic alliances to allow easy management of utility cost recovery programs from one place - the property management system,” stated Vaughn Chase, vice president of operations and client services for NWP Services Corporation. “Our rapid growth steered us to leverage the newest technologies allowing a substantial increase in the number of transactions which can be supported, giving our customers flexible options to customize their billing policies, all with the utmost quality.”
NWP’s new EDE platform also provides enhanced e-bill options to help residents and properties “go green” by providing automatic enrollments for residents when they sign their initial lease or during the renewal process. If a property opts for residents to be automatically enrolled for e-bill, they only need to add the resident’s email address in the property management system to initiate their registration. Residents receiving an e-bill can view their charges by clicking the bill image link provided in the email and can remit their payment by clicking the payments link. Property staff can easily monitor enrollments through a monthly report automatically sent from NWP.
About NWP Services Corporation
Headquartered in Costa Mesa, California, NWP Services Corporation (NWP) is the leading innovator and solutions provider for lowering operating and utility costs for the multifamily industry through utility cost recovery, utility cost management and energy management solutions. Utility Logic helps owners maximize utility cost recovery with options that include convergent billing, utility billing only, and read, bill, and remit billing services, payments and submetering. Utility Smart helps owners and operators optimize utility spend through automation, benchmarking analytics and extensive reporting technologies. Utility Genius provides advanced options designed to directly assist with conservation initiatives and reducing utility spend. Additional information is available at www.nwpsc.com.