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News 2005

 

CONTACT INFORMATION

Stephenson Group
Richard Virgilio
rvirgilio@stephensongroup.com
(973) 989-1177
SPL WorldGroup
Tracey Mitchell
tracey_mitchell@splwg.com
(973) 401-7525

FOR IMMEDIATE RELEASE
Utilities Overcome Bad Debt Challenges With SPL's Credit & Collections Solution

SAN FRANCISCO, CA, MAY 11, 2005 - SPL WorldGroup, a leading provider of mission-critical solutions to the global utility market, will showcase its Credit & Collections solution (C&C) at the May 17-20 CIS Conference 29 in Phoenix.

“Utilities looking to speed payments and reduce bad debt report outstanding ROI with SPL Credit & Collections,” commented Harry Debes, SPL President & CEO. “One of our long-standing utility customers, for instance, got a $5 million return on investment in the first two years of use -- $1.5 million more than the most optimistic projections of its business case.”

Visitors to SPL Booth #115 can learn more about the advantages of SPL’s C&C solution, which lets you:

  • Reduce collection time by having clean, detailed financial information on each account. You can view debt in traditional 30-60-90 day categories as well as debt to the day.
  • Improve cash flows through use of a variety of built-in payment arrangement plans.
  • Use resources efficiently -- All processes, from letters to write-off accounting, are completely automated. Alerts occur only when there are exceptions.
  • Reduce costs -- You can stop disconnection orders and other collection activities the instant the customer meets minimum payment requirements.

C&C product demonstrations will be ongoing throughout the CIS Conference at Booth 115. Dave Mulit, SPL General Manager of the Americas commented, “We feel confident that once visitors have experienced SPL’s C&C demo and considered the ROI stories of their industry peers, they will come away knowing that this proven solution will benefit both their company and their customers.”

About SPL
SPL (www.splwg.com) delivers the proven software applications that help utilities around the world achieve competitive advantage and excellence in business performance, while ensuring a lower total cost of technology ownership. SPL solutions in customer care and billing, enterprise asset and work management, mobile workforce management, and outage and distribution management are specifically designed for energy, water, and service companies. Working with systems-integration and technology partners around the world, SPL has an unparalleled record of implementation success. SPL focuses on clients’ return on investment and fosters long-term relationships based on confidence and trust. Visit SPL at www.splwg.com or call +1-866-468-6775 (San Francisco), +44-207-851-6840 (London), or +61-2-8258-8200 (Sydney). Within the US and Canada, call +1-800-275-4775.

© 2005 SPL WorldGroup, Inc. All Rights Reserved. SPL is a trademark owned by SPL WorldGroup B.V. or its subsidiaries. SPL is registered as a trademark in the United States and in certain other jurisdictions. All other trademarks and brand, product and company names herein are used for identification purposes only and are the property of their respective owners.

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