Govolution Delivers Enterprise-Wide e-Payment Processing and Management to Fairfax County, Virginia.ARLINGTON, Va. -- System Gives County Decision Makers Maximum Insight and Control over e-Payment Operations; More Participating County Agencies to Go Live in 2005 Govolution, Inc., a leading provider of enterprise e-payment management (EEM EEM Electronic Engineers Master (commodity codes) EEM Energy Efficient Mortgage EEM external elastic membrane (cardiology) EEM Enterprise Energy Management ), announced today that Fairfax County government has implemented the company's Velocity Payment System (VPS (1) (Vectors Per Second) The measurement of the speed of a vector or array processor. See vector, vector processor and array processor. (2) (Virtual Private Server) See OS virtualization. ) for more than 30 County applications. Departments participating in the program include the County's Tax Administration, Parks and Recreation, Solid Waste, Animal Control and Finance. The enterprise-wide solution offers the County the ability to offer e-payment options to all citizens and businesses while providing unparalleled insight and control to enforce and manage policies, monitor costs and deploy e-payment capabilities in a cost effective manner. "Fairfax County is a dynamic and rapidly growing area. By working with reliable and proven technologies we are constantly making an e-government that runs more efficiently every day, and every hour of the year," said Chris Flaesch, 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. , Govolution Inc. "By going with Govolution the county is getting a state-of-the-art, enterprise-wide e-payment processing and management system at a lower cost that will scale to meet our e-government initiatives and needs as they grow." Govolution's VPS enables management of electronic payments across all departments and all collection mechanisms including point of sale, telephone, IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. and the Web. The enterprise solution reduces the manual administration of payments at the department level while streamlining integration of transaction data to department specific back-office systems. With enhanced and maximum granularity in reporting, VPS enables treasury departments to monitor collection activity across all departments. "Fairfax County's success represents what can be achieved by going with a true enterprise e-payments system," said Chris Flaesch, CEO, Govolution Inc. "Ultimately, this means better services for everyone, but for those employees charged with the awesome day-to-day operations, such as the treasury and 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. , it means greater control and flexibility to monitor, manage and adjust processes for maximum effectiveness countywide." Agencies that will be going live this year include, Circuit Court Land Records Division, Department of PublicWorks and Environmental Services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, Land Development Services and Special Collections, Department of Community and Recreation Services Athletic Services Division, and the Department of Human Services' Alcohol Safety Action Program. About Govolution, Inc. Govolution is a leading provider of enterprise e-payment collection systems. Govolution enables organizations to offer a range of e-payment options to customers while reducing operating costs and integrating data to back office systems. The systems enable finance and treasury departments to more effectively manage e-payments across the enterprise, monitor transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , optimize settlements and improve forecasts. Govolution's clients include over 80 federal agencies and departments including the US Department of the Treasury, and leading treasury departments such as State of Delaware, Fairfax County VA, Kern County CA and City of Cambridge Cambridge can refer to three cities:
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Key Bank, Fifth Third and Unisys. For more information: www.govolution.com |
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