Company: Vital Terminal Management Services
Product: VTMS Platform

Vital Terminal Management Services (VTMS), a division of Vital Processing Services, will introduce a software platform that will improve the way acquirers manage their portfolios. They'll soon be able to enjoy the benefits of outsourcing while maintaining control of their merchant portfolios.

The new platform, set to roll out in the fourth quarter of this year, provides a range of tools that will significantly raise the level of service it offers its users. VTMS will provide as many tools, if not significantly more, than present in-house systems.

Co-developed with J.D. Edwards & Co., owned by PeopleSoft, VTMS is an enterprise resource planning (ERP) system for managing merchant portfolios.

Acquirers outsource to VTMS and have access to a wide range of reporting and management functions.

VTMS users log on through a special URL to gain access to the information hosted on VTMS' servers. Acquirers also have the option to either buy equipment through Vital or through another provider and then consign it to VTMS. Either way, the new ERP system improves the level of management capabilities.

It's an easy-to-navigate unified system that tracks inventory, costing, invoicing and work-flow processing and provides real-time accurate merchant data, giving clients much more control over their portfolios. It will also give VTMS the ability to offer clients feedback on how to maximize their revenue.

The technology is unique to the marketplace and takes outsourcing point-of-sale business to a new level. If a client wants to have a closer look at their businesses-for example, to analyze which types of merchants are more profitable for them-they'll be able to access this information easily. Acquirers should know what's going on in their POS operations; the platform will provide them with better and more data about their own merchants.

Features including real-time access to inventory data will reduce expensive problems, such as rush orders, from happening. VTMS is also designed to help users analyze data and put the information to work for them; for example, this might mean making suggestions on how to maximize revenue per merchant.

The platform boosts VTMS' present analytical power. This means the company can provide its clients with advice on trends and make recommendations about optimizing profitability. VTMS will serve as a business consultant, and will be able to recommend which merchants to focus on, what types of terminals are most profitable, etc.

Building on the strength of its ability to handle complex problems, VTMS' existing clients will be rolled over prior to the general launch. Vital expects this new platform will attract a significant number of new merchant acquirer clients to VTMS and that it will be an excellent value-add for any merchant acquirer.

Vital Terminal Management Services
1534 North Market Blvd.
Sacramento, Calif. 95834
800-686-1999
www.vitalps.com