Outsource Partners International, Inc. and The Brown and Joseph Companies form Strategic Business Alliance to provide complete Outsourced Accounts Receivable Solutions
by Anonymous

January 7 2004--The Brown and Joseph Companies (Brown and Joseph), based in Schaumburg, Illinois, and Outsource Partners International (OPI), with national headquarters in Los Angeles and New York, announced the formation of a strategic business alliance to provide complete Outsourced Accounts Receivable Solutions. Brown and Joseph is recognized as an industry leader in providing a total “credit to cashâ€Â� solution. OPI is an award-winning leader in the rapidly growing Finance and Accounting Business Processing Outsourcing industry and is recognized by analysts for its expertise in designing and managing complex finance and accounting functions. OPI is the successor to KPMG LLP’s U.S. business process outsourcing practice.

“We selected Brown and Joseph as our strategic business partner based upon their use of technology in creating efficiencies through their “credit to cash solutionsâ€Â� and their deep expertise in the collections function. They were recently selected by Cisco Systems as the Grand Prize winner as “Innovators in E-Commerceâ€Â� said Clarence Schmitz, OPI’s Chairman and CEO. “Today, more companies are looking to improve cash flow and do more with fewer resources. Brown and Joseph has unique technology and functional expertise that complements our own, allowing us to deliver a broader solution to our clients.â€Â�

“By combining the business process and internal control expertise that OPI provides its clients with the complete software and A/R process solutions provided by Brown and Joseph we can provide a total solution for companies coast to coast.â€Â� said Kevin Walsh, President of Brown & Joseph. “Many of our current clients have asked us to take on a broader set of A/R related functions and to do so on a completely outsourced basis. Our alliance with OPI allows us to leverage their deep finance and accounting outsourcing experience with our own more focused expertise.â€Â�

“We are finding that Corporate America is searching for core expertise in the Accounts Receivable area. By forming a strategic business alliance with Brown and Joseph, OPI can now provide a more complete solution to improve the Accounts Receivable process, reduce DSO and reduce net bad debt write-offs for our clients.â€Â� says Vince Sparrow, Managing Director of OPI’s Chicago regional office. “OPI strive to continuously improve the services we offer our clients. Our alliance with Brown and Joseph provides another means to accomplish this commitment.â€Â�

“We are also finding opportunities to leverage Brown and Joseph’s 9ci software, which automates much of the cash application process, for certain of OPI’s clients. The software works well with many different accounting systems and will provide OPI with another tool to assist its clients.â€Â� says Chris Cappucilli, Brown and Joseph Senior Vice President.

About The Brown and Joseph Companies
Using technologies from their software division 9ci, Brown and Joseph is the only company that offers a fully-integrated, web-based solution to handle industry-specific cash application issues, deduction/dispute tracking, analysis and resolution, collections management, and trade fund management and analysis applications. Brown & Joseph provides companies with the option to partially or completely outsource their accounts receivable process. Clients benefit from a reduced DSO, accurate ROI on promotions, increased cash flow, and improved customer relationships.

About Outsource Partners International, Inc.
Outsource Partners International, Inc. (OPI) is a leading business process outsourcing firm specializing in finance and accounting services. Our clients outsource to us all or selected portions of their internal accounting functions, such as accounts payable, accounts receivable, payroll, reconciliations and financial reporting. We also offer tax return preparation services and document management solutions. OPI’s proprietary service model combines experienced on-site staffing with web-enabled technologies, document imaging systems, offshore transaction processing and business process improvement. Our state-of-the-art solutions enable clients to substantially reduce cost, improve financial reporting and focus on their core business. OPI has more than 600 associates operating through six offices in the US and its shared services centers in Bangalore, India and Dallas, Texas. For more information about OPI and our finance and accounting solutions, visit us at www.opiglobal.com

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