Captara Reports Highly Successful 2005; Corporate Lease Management Solution Provider Looks Ahead To Continued Growth in 2006.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, the only comprehensive, web-based corporate lease management solution provider, enjoyed a breakout year in 2005. Key accomplishments included: a 50 percent increase in new enterprise client acquisitions; continued innovative solution development with significant footprint expansion projects set to release in early 2006; and a sales and marketing partnership with financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software giant SunGard. Company executives project continued success in 2006, as the market increasingly embraces the control, compliance, and cost savings companies can immediately gain through deploying the Captara solution. In 2005, Fortune 2000 companies from a range of industries including automotive, consumer products, defense, retail, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. selected Captara's rapidly deployable, enterprise-wide solution as the corporate standard for managing all of their leasing activities, obligations and commitments. The web-based Captara solution empowers companies to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. and optimize all key leasing activities, including the proper accounting and reporting necessary for compliance with Federal Accounting Standards Board The role of the Accounting Standards Board (ASB) is to issue accounting standards in the United Kingdom. It is recognised for that purpose under the Companies Act 1985. It took over the task of setting accounting standards from the Accounting Standards Committee (ASC) in 1990. (FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). ) and Sarbanes-Oxley requirements, lease versus buy decision making, online collaboration with financial institutions, and proactive management of contract terms and options. "Companies are increasingly turning to Captara for accurate tracking, managing and reporting all leasing obligations and commitments to ensure proper accounting and regulatory compliance," 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. "We are excited about the growth Captara has enjoyed in 2005 and look forward to a banner year in 2006." In response to the increasing number of earnings restatements as well as specific requests from its broad customer base, Captara is soon to release additional functionality to address the needs of organizations seeking to improve the management and reporting of their real estate leasing obligations and commitments. The new real estate portfolio management module will be available to new and existing clients in early 2006, thereby allowing companies to accurately track, monitor and disclose all real estate leasing commitments including leasehold improvements Leasehold Improvement Improvements on a leased asset that increase the value of the asset. Notes: A leasehold improvement is classified as an asset that must be depreciated over time. . Finally, in order to give CFOs a complete view of their complex leasing contract portfolios along with all cash flows, Captara formed a strategic alliance with financial services software provider SunGard. With the alliance, Captara's lease management solution can now be used in conjunction with SunGard's cash management solution. About Captara Corporation Captara provides a comprehensive solution for the management of all enterprise leasing activities providing compliance, 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. |
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