COSTA MESA, CA--(Marketwire - Jan 28, 2013) - NWP Services Corporation (NWP), the multihousing industry's leading provider of smart solutions for utility expense recapture, utility management, submetering, and energy management, today announced that NWP Labs has released the latest version of their platform, NWP 13.0. NWP Labs, the first research and development (R&D) lab for the multihousing industry, located in Minneapolis, solidifies NWP's long-term commitment to the highest standard in resident billing, electronic rent payment and utility management services.
"NWP Labs is an R&D incubator for the multihousing industry that delivers the latest technologies and innovations directly from the research mode to our customers," said Jim Charles, senior vice president, NWP. "In the last 12 months, NWP has invested several million dollars into exciting new R&D technologies that will have a positive impact on the U.S. multihousing market. These include enabling technology projects focused on business intelligence, big data, cloud computing, and mobile technologies."
In addition to the significant financial investment, NWP's engineering and product teams introduced more than 587 enhancements in 49 releases in a cloud environment, improving service quality and performance for customers. Over the next five years, the company will continue to invest in R&D, following a rigorous monthly schedule to build on the solid performance of its core billing platform NWP 13.0 and product families. These are supported by SSAE 16 Type II Audits and Payment Card Industry (PCI) Level 1 Certification. Engineering continuously investigates important new areas of growth in emerging technologies to drive additional operational efficiencies and financial benefit for customers who use electric, gas, water, sewer and waste services.
"NWP's new offerings are simple, engaging and intuitive," continued Charles. "NWP Labs enables us to continue pushing the envelope in innovation and delivering real value for customers. Mobile computing is the platform of the future, beyond SaaS, and NWP is fully committed to utility solutions that bring Business Intelligence and Analytics on Mobile devices to the multihousing industry."
NWP has pioneered the development of the utility analytics portfolio -- a portfolio in which accurate, real-time "load management" data automatically feeds models of the key business indicators, and in which the decision processes are seamlessly and completely optimized based on alerts and tradeoffs. With over 6M+ utility invoices, this integrated system provides data-driven advanced analytics services offering customers energy management plans, supply chain logistics and a platform for new offerings, all running on cubes residing on the iPad and iPhone for complete mobility.
About NWP Services Corporation
Headquartered in Costa Mesa, Calif., NWP Services Corporation (NWP) is the multihousing industry's leading provider of smart solutions for utility expense recapture, utility management, submetering, and energy management for property owners and fee managers. NWP's solutions maximize utility cost recovery through resident billing and payments, lowering operating costs and increasing asset value. NWP's energy management solutions optimize utility spend through automation, benchmarking analytics and extensive reporting that generates a lower utility spend, facilitates energy certification for buildings, provides legal and regulatory compliance and enhances sustainability initiatives. Additional information is available at www.nwpsc.com.