NWP Launches New Billing, Payment Processing Platform

By Anuradha Kher, Online News EditorIrvine, Calif.–NWP Services Corp. (NWP), provider of financial transaction processing solutions to the multifamily housing industry, has launched its enhanced billing, payment processing, collections and resident services platform called the NWP v8.0.Powered by Open-cIS, the new platform utilizes advanced software architecture to ease the complexity, increase the accuracy and quality, and reduce the cost of building and maintaining billing and resident information systems. The system is based on an engine built specifically to serve multifamily property owners and fee management companies who face complex resident billing requirements, especially those found in rent, water, electric, gas, sewer and trash resident billings.Some of the benefits of NWP v8.0’s benefits are it offers its customers over 400 business model options to store critical information about residents, apartments, their services and more as well as its ability to support different billing methodologies and formulas. This gives NWP customers more choice in how they recover utility costs. The system allows for customized bill messaging, giving property managers an opportunity to use their bills to better communicate with their residents.NWP v8.0 can interface with virtually any other system, including property management software of different types and versions. In addition, NWP’s customer data, applications and systems are protected by public key infrastructures (PKIs), virtual private networks (VPNs), state-of-the-art smoke detection and fire suppression systems, motion sensors, and 24×7 secured access, as well as video camera surveillance and security breach alarms.Mike Radice, CEO of NWP Services Corp., says, “NWP v8.0 provides our customers with the platform stability, scalability and flexibility necessary to help them continue to maximize their NOI while ensuring that their operational needs are met.”