JPD Financial Reports Strong Q3 Growth

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JPD Financial, a business process outsourcing firm that helps Fortune 1000 firms manage their accounts payable, reports record growth in income and new client acquisition.

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JPD Financial Vendor Credit Recovery Services Company Logo

"...adding Vendor Credit Recovery services from JPD Financial has helped our bottom line,” said Edward (Ed) Martinez, former Vice President of Shared Services at The Wendy’s Company.

JPD Financial, a business process outsourcing firm that helps Fortune 1000 companies better manage their cash and accounts payable, has signed several new global service agreements in Q3 which will contribute to expected record revenues for FY2012. This growth in client activity has resulted from a successful business process re-engineering and an expanding market for JPD services worldwide.

Company Builds Momentum

  •     JPD experienced new contract growth from a variety of market sectors including the manufacturing, telecom, pharmaceutical, food & beverage services and automotive industries.
  •     Over the last 18 months, the organization’s active client count has increased by 78%.
  •     81% of clients who were one-year-old or newer indicated via survey that the bottom-line financial results they experienced using JPD Financial’s Vendor Credit Recovery® Services were well beyond their expectations.
  •     As a result of new client acquisition and efficiencies introduced through improved business processes such as automation, JPD Financial revenue is up 34% per employee over the last 12 months.

Clients Report Satisfaction

“As I led our shared services team through a transition to a new platform that helped save the company money and increase customer satisfaction, adding Vendor Credit Recovery services from JPD Financial has helped our bottom line,” said Edward (Ed) Martinez, former Vice President of Shared Services at The Wendy’s Company. “We had not conducted any accounts payable audit before. Following a thorough discovery and selection process JPD Financial came on board in Q3. We now are seeing significant results with virtually no impact on daily operations.”

“Our global execution model and reputation of over-delivering to our customers has been the key to these new contract awards,” said JPD Financial President & COO Dennis Donahue. “We have taken a professional service offering that we innovated some 27 years ago and continued to refine its execution and delivery. Our clients have come to appreciate our focus on this core competency.”

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.

Press contact:
Anne Hohenberger
Phone: + 1 650 766 8242
Email: anne(dot)hohenberger(at)gmail(dot)com

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Vendor Credit Recovery is a registered trademark of JPD Financial Services, Inc.

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Anne Hohenberger

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