FAS New Invoice FEE - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 12 (permalink) Old 12-12-2012, 09:14 PM Thread Starter
Contractor
 
JFMURFY's Avatar
 
Join Date: Sep 2012
Location: CT
Posts: 486
Thanks: 81
Thanked 151 Times in 79 Posts
FAS New Invoice FEE

Dear FAS Vendor Partner:

FAS views our vendors as partners. As such, we need to share in the billing costs FAS has historically absorbed such as client mandated invoice generator fees as well as our considerable investment in technology. This technology contributes toward your reduced administrative costs through automated billing and mobile technologies that give us a competitive advantage and will be a factor in returning us to prosperity together. Effective January 1, 2013, FAS will begin assessing a $2.00 management fee per each invoice submitted to us.

Our research shows the validity of this fee to be customary and reasonable as well as necessary to balance the financial commitments necessary to maintain our partnership with you. We appreciate your understanding and continued dedication as an FAS vendor.

For questions, please contact a Vendor Administration representative at[email protected].

Thank you for your continued support and hard work.

FAS Executive Management


Response

Having just read the above FAS Vendor Blast, I'm having difficulty understanding the concept you are alluding too. Please provide the "Research" you speak of... if indeed we are "Partners" in this endeavor. We all have "overhead", it's the price of being in business. Do your Contractor's pass along to you as a Partner the increase in gasoline, the increase in supplies, etc. I for one never have.

I'm sorry to hear of your downturn in profits, but to issue an edict such as this is bad business. Lest we forget, it's the people in the field making the cash for FAS,

FAS recently reduced it's price schedule for services to the point that it already takes out more than the average National in the Industry. This assessment is not acceptable to us, and if it means discontinuing work for FAS, then so be it.

Sincerely,

JFM
JFMURFY is offline  
The Following 7 Users Say Thank You to JFMURFY For This Useful Post:
BRADSConst (12-12-2012), Cleanupman (12-13-2012), david (12-13-2012), dirtbuster (12-12-2012), JDRM (12-12-2012), NewEnglandProp (01-02-2013), Splinterpicker (12-12-2012)
Sponsored Links
Advertisement
 
post #2 of 12 (permalink) Old 12-12-2012, 09:22 PM
Senior Member
 
STARBABY's Avatar
 
Join Date: Apr 2012
Location: kentucky
Posts: 681
Thanks: 582
Thanked 197 Times in 137 Posts
Quote:
Originally Posted by JFMURFY View Post
Dear FAS Vendor Partner:

FAS views our vendors as partners. As such, we need to share in the billing costs FAS has historically absorbed such as client mandated invoice generator fees as well as our considerable investment in technology. This technology contributes toward your reduced administrative costs through automated billing and mobile technologies that give us a competitive advantage and will be a factor in returning us to prosperity together. Effective January 1, 2013, FAS will begin assessing a $2.00 management fee per each invoice submitted to us.

Our research shows the validity of this fee to be customary and reasonable as well as necessary to balance the financial commitments necessary to maintain our partnership with you. We appreciate your understanding and continued dedication as an FAS vendor.

For questions, please contact a Vendor Administration representative at[email protected].

Thank you for your continued support and hard work.

FAS Executive Management


Response

Having just read the above FAS Vendor Blast, I'm having difficulty understanding the concept you are alluding too. Please provide the "Research" you speak of... if indeed we are "Partners" in this endeavor. We all have "overhead", it's the price of being in business. Do your Contractor's pass along to you as a Partner the increase in gasoline, the increase in supplies, etc. I for one never have.

I'm sorry to hear of your downturn in profits, but to issue an edict such as this is bad business. Lest we forget, it's the people in the field making the cash for FAS,

FAS recently reduced it's price schedule for services to the point that it already takes out more than the average National in the Industry. This assessment is not acceptable to us, and if it means discontinuing work for FAS, then so be it.

Sincerely,

JFM


Are you freakin kidding me!

Last edited by STARBABY; 12-12-2012 at 09:23 PM. Reason: Kidding
STARBABY is offline  
The Following User Says Thank You to STARBABY For This Useful Post:
BPWY (12-13-2012)
post #3 of 12 (permalink) Old 12-12-2012, 09:25 PM Thread Starter
Contractor
 
JFMURFY's Avatar
 
Join Date: Sep 2012
Location: CT
Posts: 486
Thanks: 81
Thanked 151 Times in 79 Posts
Quote:
Originally Posted by STARBABY View Post
Are you freakin kidding me!

Down hill baby... they're on their way...an pickin up speed...
JFMURFY is offline  
Sponsored Links
Advertisement
 
post #4 of 12 (permalink) Old 12-12-2012, 10:24 PM
Senior Member
 
Splinterpicker's Avatar
 
Join Date: Apr 2012
Location: west coast USA
Posts: 616
Thanks: 53
Thanked 213 Times in 135 Posts
Quote:
Originally Posted by JFMURFY View Post
Dear FAS Vendor Partner:

FAS views our vendors as partners. As such, we need to share in the billing costs FAS has historically absorbed such as client mandated invoice generator fees as well as our considerable investment in technology. This technology contributes toward your reduced administrative costs through automated billing and mobile technologies that give us a competitive advantage and will be a factor in returning us to prosperity together. Effective January 1, 2013, FAS will begin assessing a $2.00 management fee per each invoice submitted to us.

Our research shows the validity of this fee to be customary and reasonable as well as necessary to balance the financial commitments necessary to maintain our partnership with you. We appreciate your understanding and continued dedication as an FAS vendor.

For questions, please contact a Vendor Administration representative at[email protected].

Thank you for your continued support and hard work.

FAS Executive Management


Response

Having just read the above FAS Vendor Blast, I'm having difficulty understanding the concept you are alluding too. Please provide the "Research" you speak of... if indeed we are "Partners" in this endeavor. We all have "overhead", it's the price of being in business. Do your Contractor's pass along to you as a Partner the increase in gasoline, the increase in supplies, etc. I for one never have.

I'm sorry to hear of your downturn in profits, but to issue an edict such as this is bad business. Lest we forget, it's the people in the field making the cash for FAS,

FAS recently reduced it's price schedule for services to the point that it already takes out more than the average National in the Industry. This assessment is not acceptable to us, and if it means discontinuing work for FAS, then so be it.

Sincerely,

JFM
Almost sounds like they have lost their remaining clients. Couple this with the ABSURD Score card requirements and I am sure the door will be hitting the backsides of a lot of people (vendors) at their choice. FAS is going to have to be creative on how to retain their sparce vendors and be better to them. So on a lawn (45$) they would expect you to pay a 4.44% percent surcharge not to mention pay the sales tax in your area if applicable. GET BENT They need to do like they had done to us ... Let the vendors look at your books and do a cost analysis. TRIM THE FREAKING FAT. Your company is dead and with policys like this you are just sticking in the dagger and twisting it without regard to ANY thought of long term effects. YOU elected to do the Pruvan app thinking it muight give yiou a competitive advantage and YOU AND YOU ALONE should bear the costs of that. If I had to pay for it it would work not jump around like a meth head that is going through Dt's (withdrawls) and suck hte life out of a battery in 15 minutes. YES the most recent app upgrade is a DEFINITE step to the back. IF I were paying for it you as an employee of mine, that I rent or pay for technology services, need to MAKE IT WORK !!

PS with partners like this in you better own stock in KY or vasceline !!
Splinterpicker is offline  
post #5 of 12 (permalink) Old 12-13-2012, 01:24 AM
Senior Member
 
thanohano44's Avatar
 
Join Date: Aug 2012
Posts: 2,016
Thanks: 1,397
Thanked 289 Times in 168 Posts
Quote:
Originally Posted by Splinterpicker View Post
Almost sounds like they have lost their remaining clients. Couple this with the ABSURD Score card requirements and I am sure the door will be hitting the backsides of a lot of people (vendors) at their choice. FAS is going to have to be creative on how to retain their sparce vendors and be better to them. So on a lawn (45$) they would expect you to pay a 4.44% percent surcharge not to mention pay the sales tax in your area if applicable. GET BENT They need to do like they had done to us ... Let the vendors look at your books and do a cost analysis. TRIM THE FREAKING FAT. Your company is dead and with policys like this you are just sticking in the dagger and twisting it without regard to ANY thought of long term effects. YOU elected to do the Pruvan app thinking it muight give yiou a competitive advantage and YOU AND YOU ALONE should bear the costs of that. If I had to pay for it it would work not jump around like a meth head that is going through Dt's (withdrawls) and suck hte life out of a battery in 15 minutes. YES the most recent app upgrade is a DEFINITE step to the back. IF I were paying for it you as an employee of mine, that I rent or pay for technology services, need to MAKE IT WORK !!

PS with partners like this in you better own stock in KY or vasceline !!
Man oh man, they're falling quick. When did you receive that email? I didn't receive it. FAStrack was awesome. Not sure why they went to Pruvan. Pruvan is fine for recurring services and inspections. But for bid work, initials and damage claim reports, no way no how. If they paid what they did back in 2009 I wouldn't mind the $2. However, FAStrack was very effective back then.
thanohano44 is offline  
post #6 of 12 (permalink) Old 12-13-2012, 05:28 AM
Super Moderator
 
GTX63's Avatar
 
Join Date: Apr 2012
Location: Your House Soon...Soon
Posts: 3,186
Thanks: 676
Thanked 2,249 Times in 1,094 Posts
If they didn't all have college degrees I might have been worried they didn't know what they were doing.
GTX63 is offline  
post #7 of 12 (permalink) Old 12-13-2012, 06:00 AM Thread Starter
Contractor
 
JFMURFY's Avatar
 
Join Date: Sep 2012
Location: CT
Posts: 486
Thanks: 81
Thanked 151 Times in 79 Posts
If they paid what they did back in 2009 I wouldn't mind the $2. However, FAStrack was very effective back then.[/QUOTE]

Thano,
It's pretty much like the stance the NRA takes on gun control, any legislation anit-gun posts is opposed as once they get a foothold in your wallet, there's no stopping them. This info was posted on their photo site that you have to acknowledge to move-on within the system..
JFMURFY is offline  
post #8 of 12 (permalink) Old 12-13-2012, 06:45 AM
Super Moderator
 
BPWY's Avatar
 
Join Date: Apr 2012
Location: MT
Posts: 4,096
Thanks: 1,470
Thanked 774 Times in 468 Posts
I'm sorry folks but any one still working for FAS is just begging for what they are giving.


They sucked so badly in 09 that I only worked for them a brief 3 months.
I can't imagine what its like now.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
BPWY is offline  
post #9 of 12 (permalink) Old 12-13-2012, 06:53 AM
Senior Member
 
Join Date: Apr 2012
Location: Florida
Posts: 847
Thanks: 664
Thanked 247 Times in 151 Posts
Quote:
Originally Posted by thanohano44 View Post
Man oh man, they're falling quick. When did you receive that email? I didn't receive it. FAStrack was awesome. Not sure why they went to Pruvan. Pruvan is fine for recurring services and inspections. But for bid work, initials and damage claim reports, no way no how. If they paid what they did back in 2009 I wouldn't mind the $2. However, FAStrack was very effective back then.
It came out Monday, vendor blast.
JDRM is offline  
post #10 of 12 (permalink) Old 12-13-2012, 06:55 AM
Business Consultant
 
Cleanupman's Avatar
 
Join Date: Nov 2012
Location: Silver Springs, Nevada
Posts: 1,380
Thanks: 322
Thanked 564 Times in 339 Posts
Traded on the NYSE....
says it all...they are a bottom line company asking once again for the boots on the ground to foot the bill for their profits...

GREAT RESPONSE JFM!!!!!!

Aladay LLC
Property Preservation
New Business Consultant
Custom Glass&Wood
Cleanupman is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome