Captura, Citicorp Diners Club Partner to Offer Complete Corporate Card Expense Management Solution.BOTHELL, Wash.--(BUSINESS WIRE)--August 4, 1998-- Diners Corporate Card Customers now can Streamline Expense Management Through Automation, for Significant Cost-Savings Captura Software and Citicorp Diners Club Diners Club International, originally founded as Diners Club, is a credit card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Casey R. Taylor. When it first emerged, it became the first independent credit card company in the world. , the company that pioneered the multi-use charge card industry, today announced they will work together to offer global customers an integrated solution to their corporate card needs. A corporate card program is widely recognized across industries as a Best Practice for optimal business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . A Diners Club preferred vendor, Captura's global expense management products and services supply a powerful resource-saving application that integrates with corporate card deployment: automated expense report processing that evaluates charges against complex company policies, to approve automatic payment or route exceptions for a manager's review. "We are very pleased to work with Diners Club, long trusted by business travelers, to provide end-to-end corporate card and expense management options," said Dana Bruttig, 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. , Captura. "Our products and services maximize the effectiveness of a corporate card program, automating the work of evaluating and approving expenses so that managers are assured of data integrity, only have to check exceptions, and can focus on higher priorities, such as analysis." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Hackett Group, on average, a corporation with $1 billion in revenues processes 20,000 expense reports annually. The cost to process each report can range from $20-55, or higher. "Diners Club is committed to offering customers the best possible corporate card solution, and Captura helps to make that possible," said Brenda Gaines, executive vice president, Diners Club. "We chose Captura as a preferred vendor because its technology offers an exceptional functional fit across the enterprise, is year-2000 compliant and helps streamline compliance with travel-related complexities such as Per Diem per diem adj. or n. Latin for "per day," it is short for payment of daily expenses and/or fees of an employee or an agent. regulations and multi-national currencies." Captura's products feature accurate financial reporting data and analysis for forecasting and global expense management. Corporations can select from flexible client/server, intranet or "blended" architecture, for easy integration with current systems, maximizing investment in technology. And an easy-to-use administrative tool set simplifies updating of rules company-wide, without requiring knowledge of programming. About Citicorp Diners Club Citicorp Diners Club is enjoying its most successful year in the 48-year history of the company that created the multi-use charge card industry. 1997 sales volume exceeded $32 billion, generated by eight million Cardmembers at 4.5 million establishments in 200 countries worldwide. About Captura Software Captura, headquartered in Bothell, Washington Bothell is a city located in the state of Washington. The population was 30,150 at the time of the 2000 census. Prior to annexation and the 2000 census, the northern portions of Bothell which lie in Snohomish County were considered a part of the Alderwood Manor-Bothell North , provides global expense management solutions that enable organizations to control costs, enhance financial analysis, and make better decisions. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Employee Payables, helps global organizations align more closely with T&E Best Practices, enforce expense policy uniformly across the enterprise and reduce the costs associated with the processing of expense reports. Founded in 1994, Captura has built a strong infrastructure of customers, partners and strategic alliances with more than 150,000 seats sold. Customers include: Merrill Lynch, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. , Commercial Union Insurance Companies, John Crane, formerly EG&G, Lockheed-Martin, Paymentech Inc., Pfizer Inc., SSDS SSDS SQL Server Data Services SSDS Ship Self Defense System SSDS Space Science Data System (NASA) SSDS Sudden Sniffing Death Syndrome SSDS Secure Software Distribution System SSDS Sexual Self-Disclosure Scale , and Unify. For more information about Captura and its products, call 800/547-2223 or visit its Web site at http://www.captura.com. NOTE TO EDITORS: Visit Captura at Booth No. 300 at NBTA NBTA National Business Travel Association NBTA National Board of Trial Advocacy NBTA New Brunswick Teachers Association NBTA National Baton Twirling Association NBTA National Basketball Trainers Association NBTA National Bus Traffic Association in Orlando, Fla. (August 2-5).
CONTACT: Captura Software
Denise Hartman, 425/487-9484 x187
deniseh@captura.com
or
Access Communications
Wendi Taylor, 415/904-7070 x272
wtaylor@accesspr.com
or
Citicorp Diners Club
Walter Sanders, 773/380-5667
walter.sanders@citicorp.com
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