Captara Builds Retail Customer Base Through Enterprise Leasing Implementation at Tractor Supply Company.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Captara Corporation has completed implementation of its leading enterprise lease management solution for Tractor Supply Company Tractor Supply Company (often written as "Tractor Supply Co." or "TSC") NASDAQ: TSCO is a large retail chain of stores that offers a number of products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. , the largest retail farm and ranch store chain in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The on-demand solution was fully deployed throughout the company's business units in less than 45 days. Included within the deployment scope were customization, user training, creation and execution of best-practice leasing procedures, and electronic capture of Tractor Supply's approximately 800 leasing contracts. Tractor Supply now has complete control over all of its leasing activities, thus ensuring transparency, optimized business decisions, and compliance with Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). (FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). ) and Sarbanes-Oxley requirements. Prior to working with Captara, executives at Tractor Supply spent significant time and effort monitoring leasing throughout the company and maintaining records from disparate systems. The comprehensive Captara solution allows Tractor Supply to more quickly and easily compare lease vs. buy options, efficiently manage all of its leasing activities, oversee contract terms and options, and provide the specific reports necessary to comply with FASB and Sarbanes-Oxley regulations. Leveraging Captara's industry-standard master leasing documentation, the company now offers a library of standard approved legal forms for use in all future transactions. "Accurate control, tracking and reporting of leasing operations is essential to our overall business strategy and integral in meeting our compliance requirements," said Randy Guiler, Director of Corporate Finance and Risk, Tractor Supply. "Captara provides the necessary technology, advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , process infrastructure and documentation to enable seamless control of our leasing activities while successfully meeting our evolving business needs. Given Tractor Supply's current plans to grow by at least 75 stores annually, Captara's importance will only accelerate as we move forward." "Companies do not have a year or even six months to wait for an enterprise lease management solution to be in place," said Michael Caglarcan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Captara. "Tractor Supply is one of our many customers who have deployed our solution in a matter of weeks and are now reaping the full benefits of best-in-class lease management. Captara's success and growth can continue by gaining great customers like Tractor Supply Company." About Captara Corporation Captara provides a comprehensive solution for the management of all enterprise leasing activities providing transparency, control, and optimized financing decisions Financing decisions Decisions concerning the liabilities and stockholders' equity side of the firm's balance sheet, such as a decision to issue bonds. . Fortune 2000 companies are using Captara to ensure their leasing activities are in compliance with FASB and Sarbanes-Oxley regulations. For more information, visit www.captara.com. About Tractor Supply Company Tractor Supply Company, listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Stock Exchange as TSCO TSCO top secret control officer (US DoD) TSCO target selection confusion of the operator (US DoD) TSCO Trade Security Controls Office (Defense Logistics Agency) TSCO Time Since Complete Overhaul , operates more than 560 stores in 34 states and is focused on supplying products for the lifestyle needs of hobby and part-time farmers and ranchers. The Company, headquartered in Brentwood, Tennessee, also serves the maintenance needs of suburban customers, contractors and tradesmen. Tractor Supply stores are located in the outlying towns in major metropolitan markets and in rural communities. The Company offers a comprehensive selection of merchandise for the health, care, growth and containment of equine, livestock and pets; a broad selection of agricultural products; and tools and hardware selected for our customers' needs. In addition, the Company sells light truck equipment, work clothing for both men and women, and an extensive line of seasonal products including lawn and garden power equipment products. For more information on Tractor Supply, access its website at www.myTSCstore.com. |
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