“…Prince Parker has established itself as one of the premier accounts receivable management firms in the Southeast. We will work with your business to develop a solution that makes sense for your needs. What sets us apart? In a word… QUALITY. ”Quality. You’ve worked hard to achieve it as a customer service standard for your company. Why sacrifice it to an outside collection service? With Prince-Parker, you don’t have to. We understand the importance of quality services to improve your accounts receivable and act in partnership with your organization. Just one-on-one problem solving with your clients while preserving the integrity and reputation of your organization. People talking to people. And it works. We look forward to having an opportunity to serve your accounts receivables needs.
Prince Parker & Associates, Inc. (Prince Parker), providing Accounts Receivable Services, today announced that it has successfully completed a Statement on Standards for Attestation Engagements (“SSAE”) No. 16 Type 1 audit. SSAE 16 replaced the Statement on Auditing Standards No. 70, commonly known as SAS 70. Like the SAS 70, the SSAE 16 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. An SSAE 16 audit is performed by an independent auditing firm that examines the controls and processes involved in storing, handling, and transmitting data securely. The successful completion of the voluntary audit illustrates Prince Parker’s ongoing commitment to create and maintain the most stringent controls for the protection and security of its customers’ confidential information. More information about Prince Parker’s Accounts Receivable Services can be found at www.princeparker.com.
The rigorous Type 1 audit, which included detailed testing of Prince Parker’s controls, was performed by an independent licensed Certified Public Accounting firm that specializes in conducting SSAE 16 audits. The auditor examined Prince Parker’s controls related to firewall configuration, information security, computer operations, data communication, backup, fire suppression, physical security, and more. Following the audit, Prince Parker received a Service Auditors’ Report with an unqualified opinion, demonstrating Prince Parker’s policies, procedures and infrastructure for data protection, security and confidentiality met or exceeded the stringent SSAE 16 criteria.
“The successful completion of our SSAE 16 Type 1 audit provides our customers with the assurance that the controls and safeguards we employ to protect and secure their data are first-rate” Jeff Parker President, Prince Parker.
Service organization audits (SSAE 16) have become increasingly important for data-handling service providers since the passage of the Sarbanes-Oxley legislation, which requires a company’s business partners to have adequate internal controls.
Prince Parker’s customers can easily incorporate its Service Auditors’ Report in their Sarbanes-Oxley compliance programs as proof that appropriate controls are in place. The SSAE 16 audit can also help Prince Parker’s customers to comply with other regulations, including HIPAA (Health Insurance Portability and Accountability Act), GLBA (Gramm-Leach-Bliley Act of 1999), and ISO 27001.
About Prince Parker’s Accounts Receivable Services:
Prince Parker is a privately held company operating in the accounts receivable management industry since 1993. Prince Parker’s headquarters and operations center are located in Charlotte, North Carolina. Management and staff have decades of combined experience in accounts receivable management. The staff at Prince Parker are dedicated to customer service and highly trained in a state-of-the-art collection systems, utilizing FICO Debt Management Solutions.
Prince Parker has years of demonstrated success as the provider of accounts receivables management solutions in several market spaces, including:
- Healthcare (HIPAA compliant)
- Financial Services
- And variety of other markets including freight, manufacturing and home services
Prince Parker’s Accounts Receivable Services provide:
- Immediate Action – It’s a fundamental principle of collections that aged debts are more difficult to recover. At Prince Parker, customer’s referrals receive immediate attention.
- Monthly Reporting – Performance speaks for itself, so Prince Parker doesn’t hide results in obscure spreadsheets and number crunching. Customers get the information they need in easy-to-understand monthly status and recovery reports that assist in projecting bad debt recovery dollars.
- Industry Excellence – Licensed, bonded, and fully-insured, Prince Parker is a member of the American Collectors Association (ACA). Every associate has years of collection experience, and many are ACA-certified. Bilingual associates are also available for your special collection needs.