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CDS Provides Marine Toys for Tots Foundation with Improved Funds Availability and Enhanced Donor Service.


DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation).
Des Moines (pronounced /dɪˈmɔɪn/ in English,
 -- Communications Data Services, Inc. (CDS), a subsidiary of The Hearst Corporation The Hearst Corporation is a privately-held American-based media conglomerate based in the Hearst Tower in New York City, USA. Founded by William Randolph Hearst as an owner of newspapers, the company's holdings now include a wide variety of media.  and leading provider of outsourced fulfillment business process solutions, today announced that the Marine Toys for Tots Toys For Tots is a program run by the United States Marine Corps Reserve which donates toys to children whose parents cannot afford to buy them gifts for Christmas. The program was founded in 1947 by Major Bill Hendricks.  Foundation has significantly improved funds availability, increased productivity and enhanced donor service by outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  its lockbox Lockbox

A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to.
 processing to the CDS Data Capture Services group.

CDS provides the Marine Toys for Tots Foundation with a complete outsourced solution, including receivables capture, management, archival and delivery services to improve the quality, efficiency and speed of donation processing and enhance access to payment data - all of which have helped to boost donor service.

As faithful stewards of donations earmarked to help needy need·y  
adj. need·i·er, need·i·est
1. Being in need; impoverished. See Synonyms at poor.

2. Wanting or needing affection, attention, or reassurance, especially to an excessive degree.
 children, the Marine Toys for Tots Foundation puts great emphasis on achieving its prompt receipting goals. That's why it was imperative that the foundation work with an outsourced lockbox provider that specialized in the image-based processing of so-called payment exceptions, which comprise all of its work; the foundation's donations do not include remittance Money sent from one individual to another in the form of cash, check, or some other manner.

Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.


REMITTANCE, comm. law.
 stubs stubs

The shares of equity in a firm that is financed almost completely with debt. Stubs are often created when firms go through a leveraged buyout or pay big cash dividends in order to fend off a takeover.
.

The Marine Toys for Tots Foundation has experienced firsthand first·hand  
adj.
Received from the original source: firsthand information.



first
 the benefits of CDS Data Capture Services and its complete outsourced solution. Average funds availability for local Toys for Tots units has improved from 19 days (from the time checks are sent to the lockbox) to eight days. Through ongoing process assessments, CDS and the Marine Toys for Tots Foundation expect to trim the funds availability for local units to five days. The foundation now processes $15 to $20 million through CDS annually.

"Lockbox processing is the financial lifeblood life·blood  
n.
1. Blood regarded as essential for life.

2. An indispensable or vital part: Capable workers are the lifeblood of the business.
 of our organization," said Major Brian A. Murray, USMC (Retired), of the Marine Toys for Tots Foundation. "This is a very demanding job, and we need an effective and efficient partner to hold down expenses and maximize funds availability; otherwise, we'd have less money to buy and distribute toys for the children. The CDS Data Capture Services solution resulted in a streamlined processing workflow, higher productivity, and better funds availability - all of which improves donor service."

Additionally, working with CDS has helped the foundation accelerate the reaction time for special requests and errors, as well as reduce errors and improve error tracking. With daily transmissions of donor information, the Marine Toys for Tots Foundation also is able to thank its donors in a timely manner - demonstrating the foundation's gratitude.

"Our partnership with the Marine Toys for Tots Foundation is another example of CDS helping customers better manage and execute critical business processes by reducing costs, increasing productivity, and improving customer service effectiveness," said Marc Haskelson, vice president, general manager, of CDS Business Solutions. "This type of outsourced data capture solution is applicable not only to other non-profit charities - a segment in which CDS is a leader - but also to corporate enterprise customers as well."

The mission of the Marine Toys for Tots Foundation, an IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws.  recognized 501 (c)(3) not-for-profit charity, is to collect new, unwrapped toys during October, November and December each year and distribute those toys as Christmas gifts to needy children. Throughout the year, local Toys for Tots Campaign Coordinators conduct an array of activities to increase interest in Toys for Tots and generate toy and monetary donations.

"The requirements for the Marine Toys for Tots Foundation were to streamline its donation processing to improve funds availability, reduce processing errors, ensure that local Toys for Tots units were credited properly, and feed donor information to its direct mail and database management providers. That's CDS," said Craig Bjork, general manager, operations, CDS.

CDS and the Marine Toys for Tots Foundation will detail the success of their partnership during a presentation on July 26 at The Association for Work Process Improvement 2005 Annual Forum & Expo at the Baltimore Convention Center The Baltimore Convention Center is a convention and exhibition hall located in downtown Baltimore, Maryland. It is managed and operated by the Baltimore Area Convention and Visitors Association, a semi-private association started in 1980 by former Baltimore mayor William Donald . CDS is a TAWPI (The Association for Work Process Improvement, Boston, MA, www.tawpi.org) A membership organization dedicated to the improvement of work processes in data capture, document and remittance processing.  member.

About Communications Data Services, Inc.

In the business of providing outsourced services since 1972, CDS has earned a reputation for service and value in the industry. Backed by the stability and experience of the Hearst Corporation, CDS provides a complete outsourced solution for clients to manage and execute all the critical business processes that impact their customers - from order and information capture, and data imaging and management, to letter-shop, printing, mailing and product fulfillment.

CDS counts among its customers an elite group of the world's leading magazine publishers, direct marketing firms, financial institutions and corporate billers. CDS brings the right mix of people, processes, technology and tools to every job we do, making CDS a trusted partner for complex, mission-critical applications. CDS is headquartered in Des Moines, Iowa, with facilities in Arizona, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Pennsylvania, Canada and England. Learn more at www.cdsfulfillment.com or call (866)-897-7987.

About the Marine Toys for Tots Foundation

Toys for Tots, the U.S. Marine Corps' premier community action program and one of the nation's flagship Christmas charitable causes, is dedicated to "delivering a message of hope and bringing the joy of Christmas" to America's needy youngsters.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 25, 2005
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