ACS SIGNS IT OUTSOURCING CONTRACT WITH DRIVETIME.Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. , Inc. (NYSE NYSE See: New York Stock Exchange :ACS (Asynchronous Communications Server) See network access server. ), Dallas, a premier provider of business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and information technology solutions, has been awarded an information technology (IT) outsourcing contract with DriveTime Sales and Finance Corporation, a DriveTime company, who with DT Acceptance Corporation is the nation's largest used automotive sales and financing company for people with credit issues. The five-year contract is valued at $4.8 million. Under the terms of the contract, ACS will be an application service provider for DT, installing and supporting new loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. and collection technology. ACS will also convert DT to a new loan accounting system. "ACS' breadth of capability in designing and implementing customized IT solutions, along with its priority on responsive, high quality service, are key reasons why we chose to enter into this relationship," said Greg Ciccolini, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , DT. "We are eager to enhance our integrated loan accounting and collection infrastructure, which will help DriveTime and DT Acceptance Corporation continue to expand our business and even better manage our loan portfolio, which is rapidly approaching $1 billion and already exceeds 100,000 active loans. ACS has committed to provide us with solutions tailored to meet our needs and maximize our service capabilities." "This contract is another opportunity to apply and demonstrate ACS' aptitude for innovation," said Steven Snyder, managing director of ACS Vertical Markets. "We look forward to creating and implementing customized collection and loan accounting solutions for DT that will provide a solid foundation to support its rapid growth objectives. Our Consumer Finance Solutions team will bring ACS' proprietary technology and best-in-class service and support to DT." Along with its extensive achievements in business process outsourcing, ACS is experiencing tremendous growth in its IT solutions business. A leading IT outsourcing provider across numerous industries, ACS currently operates several large mainframe and midrange midrange Epidemiology The halfway point or midpoint in a set of observations; for most data, MR is calculated as the sum of the smallest observation and the largest observation, divided by 2; for age data, one is added to the numerator; a midrange is usually data centers, manages numerous networks, and administers desktops around the globe. Headquartered in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , DriveTime and DT Acceptance Corporation are the nation's largest integrated used car sales and finance company for people with less than perfect credit in eight states and 13 major metropolitan regions, through 87 dealerships. For more information, visit http://www.drivetime.com. ACS, a FORTUNE 500 company with more than 55,000 people supporting client operations in nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "ACS." For more information, visit http://www.acs-inc.com or call 214/841-8028. |
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