IntelliSource Announces Launch of New Business Process Outsourcing (BPO) Company

IntelliSource today announced its debut as a new company and provider of global BPO consulting services for worldwide midsize organizations. A wholly-owned subsidiary of Vengroff Williams and Associates, a leading provider of receivables management solutions, IntelliSource enables midsized companies to quickly outsource various levels of BPO back office to increase business flexibility, operational efficiency and reduce costs.

David Kaminski, an industry veteran with extensive, global Financial Services experience, has been appointed to the role of President of IntelliSource. Prior to joining IntelliSource, David served as Asst. Treasurer/ Chief Credit Officer of Microsoft for 9 years and President of Microsoft Capital for three years. At Microsoft, David managed an accounts receivable portfolio of $7 billion per month with a staff of 300 personnel. His fiduciary responsibility included operations in 182 countries, 16 currencies and 24 languages. In 2002, he created and managed Microsoft Capital Corporation, a captive finance company. He served as President of Microsoft Capital Corp for three years, leading a team which deployed $500 million in capital to 5,000 end users in nine countries. David’s broad experience also includes several roles within treasury and finance operations at Compaq Computer, Scientific Atlanta, and Genstar Corporation.

“The benefits of BPO have been widely touted, yet midsized companies have historically been limited in their ability to leverage BPO due to the costs and lengthy implementation times associated with full-scale outsourcing projects,” stated David Kaminski, President of IntelliSource. “IntelliSource has combined vast industry and business process expertise with best-of-breed technology and services to help clients achieve critical business objectives such as optimal business performance, increased revenue, and productivity, enabling companies to devote more time and resources to their core businesses.”

By combining extensive industry expertise, proven best practices, best-of-breed solutions and market-leading partners, IntelliSource offers comprehensive, end-to-end solutions which enable fast-growth global companies to quickly outsource various levels of BPO back office including:

• Order-to-cash
• Management Reporting
• Vendor and Payment Processing
• Payroll and Benefits Administration
• Consultation
• Staffing

“The addition of IntelliSource, within the group of VWA companies enhances our BPO offering to the mid-market place,” stated Mark Vengroff, CEO of Vengroff, Williams & Associates, Inc. “IntelliSource is able to leverage VWA’s existing infrastructure, global operational centers, internal analytics and 40 year reputation, to bring proven practices into their service offerings. This brings immediate value to IntelliSource and their clients.”