Admerex [ASX:ADL], a provider of credit and receivables management systems, today announced three new contract sales.
- Legal Services Agency and Receivables Management Limited, both located in New Zealand, which are new clients for Admerex; and
- Bank of New Zealand — which is a long term client of Mercantile Systems, the company acquired by the Admerex Group in August, 2006.
Commenting on the announcement, the Chief Executive Officer of Admerex Group, Mr Kim Goodall, said: "The sales announced today continue the positive momentum of recent months and clearly demonstrate the increasing importance of the effective management of the receivables process."
Admerex has been selected by the Legal Services Agency to supply and implement software for the company's debt management requirements which will be operational in early 2007.
Legal Services Agency spokesperson, John Worden, said: "We look forward to a successful partnership with Admerex to help us fulfil our vision to help people access justice through legal services, including legal aid."
Also commenting, the Manager, IT & Ledger Management for Receivables Management (NZ) Ltd, Paul Hilton is in no doubt that partnering with Admerex delivers a business advantage. "Our business has recently assessed the range of solutions available for the debt management industry within both New Zealand and Australia. It is clear to us that the Admerex receivables management system is the most advanced in the industry".
"We were attracted by a number of features such as its flexibility and the ease of integrating it with our pre-existing and future internal services. There is no doubt that its flexibility allows our business to fully customise specific solutions to the evolving needs of our business. The ROI and the track record in terms of service made it a clear winner based on our needs. It is the only option we thought worth implementing," Mr Hilton said.
The Manager Customer Account Services for Bank of New Zealand, Mr Bernie O'Loughlin said: "We are delighted to be renewing our relationship with Admerex and we are confident that its automated collection process will bring significant improvement to our business."