Top multifamily industry providers join together to offer Convergent Billing Interface (CBI)
(June 2, 2005) — NWP Services Corporation (NWP), a leading provider of resident billing and payment solutions to the multihousing industry, announced today that it has introduced new billing data transfer technology through an agreement with RealPage, Inc., a leading provider of products and services to the multifamily industry.
Called the NWP/RealPage Convergent Billing Interface (CBI), this advanced data transfer solution will allow resident information to be transferred to NWP from OneSite© using XML technology. The CBI improves the timeliness and accuracy of bills sent by NWP to residents while also creating efficiencies for property managers and IT support staff. It will be available to mutual customers of NWP Services and RealPage’s OneSite version 3.0 or later.
“Not only will the CBI improve the quality of our resident utility billing service, but it will also simplify the data transfer process for property managers while creating efficiencies and increasing scalability at NWP,” stated Michael Radice, president of NWP Services. Radice added, “We are very pleased to be formally working with RealPage, an innovative company that has been a true leader in the multihousing industry, to offer this solution for our mutual customers.”
According to Steve Winn, CEO of RealPage, “It is important to RealPage that we provide our customers with the management solutions they require to simplify and streamline their business processes. We feel strongly that by working with NWP Services to build and offer an advanced data transfer solution, we are best meeting the needs of our OneSite customers.”
In addition to transferring information from properties to NWP, the CBI also enables resident charges to be easily transferred back to each property from NWP for those customers that collect NWP-billed balances on site.
RealPage’s OneSite is an integrated, web-based suite that automates the entire process of leasing, renting, and managing apartments, including fast and easy applicant screening, comprehensive facilities maintenance, simplified purchasing and expense controls, professional accounting and convenient online rent payment.
About NWP Services Corporation
Headquartered in Irvine, Calif., NWP Services Corporation (NWP) is a leading provider of billing, payment and utility management solutions to the multihousing industry. NWP’s service offerings help improve the financial performance of its customers, allowing them to offset utility expense, improve overall resident collections and boost resident satisfaction. NWP also provides the regulatory expertise, technology infrastructure and high-quality support services that property owners and managers rely on to stay competitive and thrive in ever-changing markets. Additional information is available at www.nwpsc.com.
About RealPage, Inc.
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides property management products and services to more than 20,000 apartment communities across the United States. It currently has four major product lines: OneSite© on-demand property management systems that automate property management functions while providing real-time access to important data; CrossFire™ on-demand property marketing systems that automate and enhance the process of capturing and entering leads; YieldStar™ on-demand asset management systems that help owners and asset managers optimize asset values through revenue management, portfolio management and market intelligence and Velocity™ cash acceleration systems that help streamline and automate utility billing.
NWP Services Corporation