October 25, 2012 – Weichert Relocation Resources Inc. (WRRI), one of the world’s leading relocation and assignment management companies, announced that it has successfully completed its Service Organization Control (SOC) 1, Type II examination in accordance with the Statement on Standards for Attestation Engagements (SSAE) 16.
During this examination, the internal controls in place at WRRI which support the services it provides to customers in the areas of home sale and expense management were rigorously evaluated by independent auditors from J.H. Cohn LLP, one of the leading accounting and consulting firms in the United States. The auditors’ report confirms that WRRI’s controls meet or exceed the strictest international requirements and are operating effectively.
“Our SSAE 16 unqualified report is further evidence of our commitment to the highest standards of service quality and operational transparency,” said Joseph Hajjar, WRRI’s Executive Vice President and Chief Financial Officer. “By completing this in-depth, third-party review of our internal controls, WRRI is able to demonstrate a substantially higher level of integrity and operational excellence. Coupled with our industry-leading financial stability, this gives our clients an even greater sense of confidence in our organization.”
SSAE 16 is a new reporting standard for service organizations developed by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants. It replaces the Statement on Auditing Standards No. 70 (SAS 70) reports previously obtained by WRRI and provides globally-recognized guidelines for companies to assess the integrity and effectiveness of their provider’s internal controls and processes.
October 7, 2012 – Weichert Relocation Resources Inc. (WRRI), one of the world’s leading relocation and assignment management companies, today announced the opening of an operations center in Singapore. This new office represents the latest step in the growth of the company’s strategic presence within the Asia-Pacific region.
Conveniently located in the heart of the financial district, WRRI’s Singapore office will serve as a critical center of excellence in WRRI’s tri-regional global service delivery structure, giving the company another service point for supporting mobile employees and managing local supply chain partners. WRRI also has an operations center in Hong Kong, which opened in 2003.
“The opening of this office represents an important stake in the ground for WRRI, supporting our international growth strategy while expanding our geographic reach and local services capabilities within the Asia Pacific region,” said Aram Minnetian, President of WRRI. “By providing our clients and their relocating employees with greater access to experts and resources within their time zones, we’re strengthening our core business of helping companies optimize the deployment and management of their mobile workforces.”
Overseen by Helena Du, WRRI’s Managing Director of WRRI’s Asia-Pacific operations, the Singapore office will provide full relocation and assignment management services as well as local destination assistance to inbound assignees.
“The opening of our newest global center of excellence reflects Singapore’s status as an increasingly critical destination for our clients’ mobile talent,” said Du. “It is also an exciting and significant milestone in WRRI’s evolution which will enable us to deliver an even wider range of custom solutions to companies moving employees into, across or out of the Asia Pacific region.”
September 27, 2012–Weichert Relocation Resources Inc. (WRRI), one of the world’s leading relocation and assignment management companies, was named Relocation Management Company of the Year during the Expatriate Management and Mobility Awards (EMMA) ceremony held in Las Vegas, Nevada on September 13, 2012. Presented by the Forum for Expatriate Management, the EMMAs celebrate excellence in global workforce mobility.
In acknowledging WRRI as Relocation Management Company of the Year, the judging panel, made up of mobility professionals from a wide range of global corporations, cited service excellence and “robust structure and culture” among the company’s critical competitive distinctions. Other factors, including WRRI’s 98 percent client satisfaction rate, unmatched financial stability and innovative client cost reduction strategies helped further distinguish WRRI from the other nominees in this category.
“Our colleagues and supplier partners work tirelessly to optimize our clients’ workforce mobility programs and make a positive impact on the lives of the relocating employees we serve each day,” said Aram Minnetian, President of WRRI. “This award is a great testament to the effectiveness of their efforts, and evidence that the impact of their commitment is felt not only across our client base but throughout our industry. We are truly honored to be recognized as Relocation Management Company of the Year.”
WRRI was also named runner-up in the Best Knowledge Leadership category, which recognizes excellence in research and subject matter expertise, for its groundbreaking Alternative International Assignments survey. This survey was the first of its kind to examine the growing trend among companies to seek global mobility options beyond the traditional expatriate assignment.
“The EMMAs are the Oscars of the global mobility profession. Organized by the Forum for Expatriate Management and judged by an independent panel of Global Mobility Directors, winning an EMMA is the ultimate recognition of excellence in global mobility,” said Brian Friedman, CEO of the Forum for Expatriate Management. “Congratulations to Weichert for winning Relocation Management Company of the Year 2012.”