The State of Illinois has announced that new technology implemented by Affiliated Computer Services, Inc. (NYSE: ACS) will enable the state to cut costs and more efficiently distribute child support payments.

ACS operates the State Disbursement Unit (SDU) for the Illinois Department of Healthcare and Family Services, processing child support payments and providing customer care services. The SDU, which ACS has operated since 2003, receives and distributes more than seven million child support payments annually valued at more than $1 billion.

ACS is increasing efficiency by integrating all of the technology within the SDU into a unified solution. The new technology will save the state $40 million through fiscal year 2015.

ACS is a leader in child support services—processing half of the nation’s child support payments, more than $13 billion through services in 15 states.

“Our work in Illinois shows how ACS innovation can positively affect both operations and costs,” said Joseph Doherty, executive vice president and group president, ACS Government Solutions. “Helping the state to provide improved service and save money is the core of ACS’ mission.”

As the largest provider of business process solutions and one of the largest information technology service providers to the nation’s public sector, ACS serves as an operational partner to more than 1,700 government agencies on the federal, state, county and local level.

The work of ACS touches millions of people every day. ACS manages 27 electronic payment card programs for state and federal clients, disbursing government payments and benefits; processes nearly 570 million Medicaid claims each year totaling more than $50 billion in provider payments; saves state child care programs millions of dollars; services student loans for more than 11 million borrowers; and facilitates more than 75 million online searches for unclaimed property per year.

About ACS

ACS, a global FORTUNE 500 company with approximately 78,000 people supporting client operations reaching more than 100 countries, provides business process and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS.” Learn more about ACS at www.acs-inc.com.

The statements in this news release that do not directly relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company’s control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company’s prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.

Affiliated Computer (NYSE:ACS)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024 Plus de graphiques de la Bourse Affiliated Computer
Affiliated Computer (NYSE:ACS)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024 Plus de graphiques de la Bourse Affiliated Computer