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August 04, 2015 4:42 PM ET

Commercial Services and Supplies

Company Overview of NWP Services Corporation

Company Overview

NWP Services Corporation provides utility management, resident, and property operation services to the multifamily industry. Its services include utility expense recovery, energy management, and invoice processing automation; online payments and spend management; resident billing and sub-metering services; facility management and online supply procurement solutions; and convergent billing, utility A/P processing, utility cost management, resident payment processing, and utility-only billing services. The company also offers regulatory consulting services; multifamily industry analytics and reporting technologies; services and solutions to optimize back office systems; and sub-metering instal...

22 Executive Park

Irvine, CA 92614

United States

Founded in 1995





Key Executives for NWP Services Corporation

Chief Executive Officer, President and Chief Operating Officer
Chief Financial Officer and Vice President
Age: 71
Chief Information Officer and Senior Vice President
Chief Compliance Officer, Senior Vice President, General Counsel and Secretary
Senior Vice President of Finance and Accounting
Compensation as of Fiscal Year 2015.

NWP Services Corporation Key Developments

NWP Services Corporation Appoints Ron Reed as President and Chief Executive Officer of NWP Services Corporation

NWP Services Corporation's board of directors announced the appointment of Ron Reed to the role of president and chief executive officer of NWP Services Corporation (NWP). In his new role, Ron will provide leadership to employees and overall management of the company as it continues its market leading growth in the multifamily industry. Mr. Reed has served in executive and board positions in both the financial services and technology industries, most recently with Seneca Partners and Endeavor Capital Management.

NWP Services Corporation Initiates Renaissance in Utility Management with its Electronic Data Exchange Services

NWP Services Corporation has initiated a 'renaissance' in utility management with its electronic data exchange (EDE) services. NWP released a new platinum standard of integration in electronic data exchange and e-bill capabilities for billing and payments, demonstrating continued commitment and investment in research and development. NWP's EDE platform includes new features to increase the efficiency and integration of resident data and provides the flexibility of over 25 configuration options for data exchange. Interfacing with 9 leading property management systems, these options can be adjusted to optimize recovery, protect risk, and meet customer needs while providing the highest standard in data security and financial controls, meeting PCI Level I and SSAE 16 standards. Just a few areas which have seen improvements and innovations include final bills, resident reinstatements, recovery maximizing tagging options, billing accounts receivable loading into general ledgers, advanced reporting and real-time rent charges on billing date. NWP's new EDE platform also provides enhanced e-bill options to help residents and properties 'go green' by providing automatic enrollments for residents when they sign their initial lease or during the renewal process. If a property opts for residents to be automatically enrolled for e-bill, they only need to add the resident's email address in the property management system to initiate their registration. Residents receiving an e-bill can view their charges by clicking the bill image link provided in the email and can remit their payment by clicking the payments link. Property staff can easily monitor enrollments through a monthly report automatically sent from NWP.

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