Santa Clara, CA and Harpenden, UK (PRWEB) September 04, 2013
Supply Chains Get a Boost with Vendor Credit Recovery Services™
JPD Financial, a business process outsourcing firm helping many of the world’s largest companies better manage their cash and accounts payable, has joined forces with Dun & Bradstreet (D&B) to offer D&B customers a package of specialized software and services to maximize supply-chain efficiency and reduce processing errors.
D&B has evaluated JPD Financial’s Vendor Credit Recovery Service™ and found it to be a fast and effective way of recovering missed credits that occur as the result of normal business transactions. Once the credits are uncovered, they are then returned directly to a customer’s bottom line, often with substantial impact. The service, comprising software and consultancy services, provides D&B customers with an accounts payable safety net, identifying money that is due to these companies and helping them reconcile their vendor’s accounting information on a continual basis.
“D&B is always looking for ways to deliver greater value to our customers,” said Mark Aryaeenia, Director, European Enterprise Development and Supply Chain Solutions at D&B. “We view a vendor credit recovery service as critical for large organizations with complex supply chains, and JPD Financial has demonstrated the technology and know-how to deliver this.”
Initial European Roll-out
D&B has expressed an interest in launching the vendor credit recovery service initially in Europe, with other regions to follow thereafter. “The tie-in with D&B is a logical extension of the service portfolio for JPD Financial,” stated Dennis Donahue, JPD President and COO. “We believe it should be an integral service line for all shared service centers. The nominal effort required by customers to gain the benefits of a vendor credit recovery service makes it even more compelling.”
Enhanced Data Management
“An added benefit of the vendor credit recovery service is the cleansing of the master vendor data and the ongoing management of this process,” stated Nick Hunt, Managing Director of JPD Financial Europe. “With D&B as the world’s leading source of commercial information and insight on businesses, we hope to fully maximize the value of this process and provide the best quality of data for our customers.”
About JPD Financial
For more than 25 years, JPD Financial has worked behind the scenes on behalf of Fortune 1000 clients to research and uncover funds that would otherwise be lost in today’s automated systems and written off due to accounting miscommunications. They work with their clients’ suppliers to research credits, overpayments, and misapplied or duplicate payments that appear on their records, but which may not appear on the standard statements their clients receive. JPD Financial is headquartered in Santa Clara, California with a European office in Harpenden, UK to service its global client base. JPD Financial’s client base includes most major vertical industries such as healthcare, telecommunications, energy, consumer goods, and manufacturing. For more information, visit http://www.jpdfinancial.com.
Dun & Bradstreet (NYSE: DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 171 years. D&B's global commercial database contains more than 220 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.
D&B provides two solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions™ to mitigate credit and supplier risk, increase cash flow and drive increased profitability; and D&B Sales & Marketing Solutions™ to provide data management capabilities that provide effective and cost efficient marketing solutions and to convert prospects into clients by enabling business professionals to research companies, executives and industries. For more information, please visit http://www.dnb.co.uk.
Phone: + 1 650 766 8242
Vendor Credit Recovery is a registered trademark of JPD Financial Services, Inc. All other trademarks are property of their respective owners.