PricewaterhouseCoopers Forms Alliance with Service Resources, Inc. to Expand Real Estate Process Outsourcing Services.
NEW YORK--(BUSINESS WIRE)--May 18, 2000
PricewaterhouseCoopers, the world's largest professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization, today announced a strategic alliance with Service Resources, Inc., a leader in Integrated Facility Management, to expand the real estate process outsourcing services that it provides to business and government institutions primarily in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .
The agreement reflects the growing demand worldwide by the public and private sectors for outside services providers, such as PricewaterhouseCoopers and Service Resources, Inc., to manage their real estate assets on a highly efficient, cost-effective basis.
Deborah Kops, global real estate process leader for the 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 group at PricewaterhouseCoopers, said, "We look at real estate as an entire infrastructure, from the perspective of controlling capital investments and operating expenses Operating expenses
The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. as an end-to-end process. That's why clients, who often come to us with specific functions in mind, end up wanting us to take over the entire real estate management process. By drawing on Service Resources, Inc.'s implementation capabilities, we can continue to meet the growing demand for fully integrated process solutions that ultimately deliver the best value for clients."
Robert Dickhaus, chief executive officer and president of Service Resources, Inc., said, "This alliance represents an ideal match of skills, industry experience, and approach to real estate portfolio management. The holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. is where the market is heading and fully leverages our collective expertise in process management, technology, service delivery and consulting."
Under the terms of the agreement, PricewaterhouseCoopers and Service Resources, Inc. will combine strengths in select areas of focus as part of PricewaterhouseCoopers' real estate process outsourcing service offering. These areas include facilities maintenance for small, medium-sized and large properties. The alliance will also explore the development of an integrated technology platform that, among other benefits, can provide clients with centralized, standardized performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees . and financial management controls for real estate costs as well as the use of proprietary Internet-based systems to execute various real estate functions such as maintenance, repair and operating (MRO MRO
In currencies, this is the abbreviation for the Mauritanian Ouguiya.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) procurement.
Paul Tarricone, publisher of Facilities Design & Management and The Outsource Report, a leading industry newsletter, said, "Operating and maintaining real estate assets is costly in terms of time and resources. More and more companies and government agencies are discovering the benefits of outsourcing this non-core but essential process to an outside services provider. The PricewaterhouseCoopers- Service Resources, Inc. alliance is a strategic coup that will enable both parties to leverage their strengths in ways that will create competitive advantages in this growing market sector."
Named one of the fastest-growing new businesses in America by Dun & Bradstreet and Entrepreneur magazine Entrepreneur Magazine is a publication that carries news stories about entrepreneurialism, small business management, and business opportunities.
This magazine is published monthly, with a total of 12 issues annually. (No special extra issues are published. , Service Resources, Inc. (www.serviceresourcesinc.com) is a market leader in Integrated Facility Management. The Marietta, Georgia-based firm manages more than $2 billion in facility costs and 194 million square feet in real estate, specializing in small- to medium-sized facilities throughout the U.S. Service Resources, Inc.'s National Operations Center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. in Greenville, South Carolina
Greenville is a mid-sized city located in the upstate of South Carolina. It is the county seat of Greenville CountyGR6 , is the largest real estate operations center in the U.S., providing support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to over 31,000 client facilities. The firm also manages 450 locations for Federated Connected and treated as one. See federated database and federated directories. Department Stores, which represents the largest single facilities outsourcing agreement to date in North America.
PricewaterhouseCoopers manages more than 150 million square feet in real estate assets for clients around the world. The firm also serves as the Global Back Office(R) for multinational corporations and other large organizations - leveraging the core process expertise of outsourcing professionals in finance/accounting, internal audit, tax compliance, applications process, procurement, human resources and real estate process.
PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organization. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet-enabled world.
PricewaterhouseCoopers refers to the U.S. firm of PricewaterhouseCoopers LLP LLP - Lower Layer Protocol and other member firms of the worldwide PricewaterhouseCoopers organization.
Global Back Office(R) is a registered trademark of PricewaterhouseCoopers.
Note to Editors: The name PricewaterhouseCoopers is one word, with upper case P, upper case C, and all other letters in lower case.