Creditek Expands Senior Management; David Wendell Joins as Executive Vice President of Operations and Alan Weston as Senior Vice President of Human Resources.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--Oct. 9, 2002 Creditek LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading provider of finance and accounting 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 , today announced the appointment of two senior staff members. David Wendell has joined the firm as Executive Vice President of Operations and Alan Weston as Senior Vice President of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Mr. Wendell, previously COO of Iron Mountain, joins Creditek from BirdDog Solutions where he was President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of this venture-backed firm providing shipping audit services on a contingency basis. "During David's tenure, Iron Mountain went public and grew from $100M in revenues to the dominant, worldwide leader in records and information management with nearly $1B in revenues," commented Corey V. Torrence, Creditek President and CEO. "We look to him to provide similar value to Creditek and its clients in achieving extraordinary results while scaling our business to the needs of our customers." Mr. Wendell earned a law degree from University of Virginia and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard. "The move to Creditek gives me the opportunity to materially impact both the bottom line and cash flow of Creditek's clients," said Mr. Wendell. "My highest priority will be to ensure that our clients achieve best of breed status in their financial processes. I am excited to be a part of the Creditek team." Alan Weston comes to Creditek from Adero, Inc., a leader in global content and e-commerce distribution services where he was Vice President, Human Resources. "Alan has demonstrated abilities in building effective people programs," said Corey Torrence. "He has the experience to further accelerate our organizational learning Organizational learning is an area of knowledge within organizational theory that studies models and theories about the way an organization learns and adapts. In Organizational development (OD), learning is a characteristic of an adaptive organization, i.e. and associate selection programs that will increase the distance between Creditek and its competitors." Mr. Weston is an influential leader in the human resources profession and has held senior management positions with a number of organizations including Atex Media Solutions, a producer of pre-press software and content management applications, and as founder of Read & Crawford, a retained executive search company specializing in the high technology sector. Mr. Weston holds an MBA from Northeastern University Northeastern University, at Boston, Mass.; coeducational; founded 1898 as a program within the Boston YMCA, inc. 1916, university status 1922, fully independent of the YMCA 1948. . About Creditek, LLC Founded in 1982, Creditek is one of the world's largest revenue cycle outsourcing firms. With $10 billion dollars in receivables of Fortune 1000 clients' under management, Creditek supports non-core order-to-cash financial functions such as, cash management, deduction/dispute resolution and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . Unlike traditional revenue cycle outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million , Creditek works with organizations to map key business performance indicators such as cash flow, revenue, margins and backlog against financial revenue processes to optimize corporate value-creation opportunities. In 1999, Creditek received an investment from Parthenon Capital. This was followed by a subsequent investment from General Atlantic Partners in 2001. Creditek has experts in each aspect of finance and accounting processes, as well as specific knowledge of seven important industry sectors: Media and Entertainment, Technology and Communication, Energy, Consumer Package Goods, Retail and Transportation, Financial Services, Manufacturing, and Healthcare. For more information, visit www.creditek.com. |
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