PPS Celebrates 4 Years!

May 2004 marked the beginning of Premier Payment Services. It was in that month that we started working with our first clients. Those first clients are not all too dissimilar from the prospective clients we talk to today. Our first clients were Seattle entrepreneurs, professional athletes, busy professionals, seniors living removed from close family and families looking for a clear understanding of where all their money was going. We partnered with some of the Seattle area's top wealth management firms and financial advisers to provide clients with top notch personal bookkeeping services. Our two founders brought together years of accounting experience, financial planning and an entrepreneurial spirit. 4 years later PPS has hundreds of clients covering 26 states and is a trusted partner of hundreds of financial professionals around the country.

During our time working with clients we have experienced a changing economy and a developing financial landscape. Many credit card companies, lenders and other vendors are acting to protect themselves even more with steeper late fees, more aggressive billing terms and more stringent security practices. The result is that consumers are struggling to manage their daily finances in this more challenging landscape. Technology and the Internet have brought even more great tools and improvements to online banking however the key still missing is oversight by the client of their daily and monthly finances. Poor management of your daily finances can lead to even greater financial bleeding from late fees, overdraft charges, a reduced credit score and finance charges. No matter how great the tool a client was using before PPS, if they could not effectively act as a daily financial manager over their own finances, the costs of not doing an effective job were greater than simply working with a firm like PPS.

Over the next 4 years PPS hopes to propagate the message that developing a plan for and effectively managing your daily finances is critical to your long term financial health. And in many cases, working with a daily money management firm such as PPS may be a wise choice. Our firm will continue to grow and create leading edge services and technology solutions to assist our clients in effectively managing their daily finances. We believe that financial professionals are beginning to better eunderstand the importance of our message and the services we offer and that eventually that lesson will take on a more defined voice in the regular media and culture. So ask yourself, what is your daily financial management plan? Do you piece things together and shoot from the hip so to speak or do you have a structure in place that allows bills to be paid on time, expenses to be tracked, bills reviewed and files stored? If not, maybe a firm like PPS is worth considering?

Thanks for the support to all our partners and clients on the 4th anniversary of PPS!

Devin