NWP Continues its Long Term Commitment to R&D in Products for Multifamily Housing Industry

Jan. 19, 2010 - PRLog -- NWP Services Corporation (NWP), the leading provider of financial transaction processing solutions for the multifamily housing industry, today continued its long-term commitment to research and development (R&D) investment in its resident billing, electronic rent payment and utility management services by releasing its NWP 10.0 platform.

“NWP’s continued focus on delivering value to its customers is driving sustained, long-term financial success for their businesses and our company,” stated Jim Charles senior vice president of NWP. “With an eye to the future, our approach to R&D gives us a sharper focus in the areas that we believe will help our customers and their residents address the challenges they will face in the next decade. This approach also speeds the time it takes to quickly turn enabling technologies into real products and services for the industry," Charles added.

At the heart of NWP’s R&D initiatives has been continuous advancement of hardware and software in its platform, NWP 10.0, including benchmarking and information explosion technologies, Azure and cloud services, intelligent infrastructure and sustainability. NWP’s hardware and infrastructure platforms now include virtualization, blade servers, and SAN technologies residing in the company’s Level 1 Internet Data Center (IDC). On the software side of NWP 10.0 the company is focusing its energies on analytics and reporting services, Web 2.0 and Web 3.0, Silverlight, 64 Bit technologies, .Net 4.0, Parallel Processing, Visualization, SQL 2008 R2, Windows 7, Office 2010, SharePoint 2010, Windows Workflow 4.0, Exchange 2010. Integration of these leading-edge technologies uniquely positions NWP to leverage its robust platform to create next generation solutions for its multifamily housing clients.

In the last 12 months NWP’s engineering and product teams introduced over 583 enhancements in 31 releases, improving service quality and performance for customers. Over the next 5 years the company will invest significantly in R&D and innovation following a rigorous monthly schedule to build on the solid performance of its core billing platform NWP 10.0 and product lines. These are supported by SAS70 Type II Audits and PCI Level 1 Certification. Engineering will also extend to important new areas of growth in emerging businesses such as, smart meters, smart grids, solar power, business intelligence, benchmarking in a data warehouse environment, resident consumption behavior, mobile devices, and distance learning technologies to drive additional operational efficiencies and financial benefit for customers.

“We are well-positioned to deliver a wide range of new solutions in the coming years that will provide sweeping new benefits for customers, new opportunities for the broader industry, and strong continuing growth for NWP,” commented Michael Radice, president and CEO of NWP. “Our current services and planned technology advancements will help property owners automate the management of complexities associated with regulatory requirements, calculating recoverable utility expenses allocated across their resident base, such as vacant recovery, vacant management, consumption analytics and demand versus supply side energy management,” Radice added.

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NWP provides financial transaction processing services for the multifamily industry and is the recognized leader in service quality for resident billing, resident payment processing and utility management services.