Captura Software Announces Captura P-Card; Strategic Alliance Brings Procurement Capabilities to Captura's e-Finance Solutions Suite.

BOTHELL, Wash.--(BUSINESS WIRE)--Sept. 15, 1999--

Captura(R) Software, the leading provider of global expense management solutions, today announced the launch of Captura P-Card(TM), the latest innovation in the growing line of Captura e-Finance Solutions(TM).

"Purchasing card processes are a crucial component of the Captura e-Finance platform," said Dan Vetras, CEO of Captura. "Now the CFO can track both travel and entertainment expenses as well as corporate purchases made by individuals, divisions or the entire company, and use the data to reduce internal costs and negotiate better rates with suppliers and vendors."

Captura P-Card, the result of a strategic alliance with Credit Card Solutions, Inc.(R) (CCSi), a leader in innovative purchasing card solutions, effectively automates many aspects of a company's electronic procurement program. The software streamlines ordering, reconciliation, credit card and supplier administration, as well as receiving and delivery, providing companies with the ability to build volume in their p-card programs while reducing costs associated with managing it. Captura P-card software works with any MasterCard(R), Visa(R) or American Express(R) p-card program, and interfaces seamlessly with popular ERP and legacy financial systems.

Captura P-Card meets the growing demand for purchasing card and procurement systems. The worldwide Internet commerce procurement application market grew from $34 million in 1997 to $147 million in 1998, representing a 332% increase, according to a recent study by the International Data Corporation.

"Even with a p-card program, most companies still use a paper-based process to order, reconcile, and cost items -- something that's time consuming and expensive," said Roy Wiprud, C.P.M., President and CEO of CCSi. "However, based on customer surveys, use of Captura P-Card will lead to a significant decrease -- up to 70 percent -- in the activity-based costs associated with p-cards."

Now, when users need to order goods or services using a purchasing card, they can use the Captura P-Card to find suppliers and record important information such as product descriptions, account codes and shipping costs in the same system. When the electronic statement arrives, the cardholders simply make any adjustments not already in the system and route the statement for management approval -- eliminating the need for re-entry by the accounting staff and ensuring the timely delivery of expense data directly to the general ledger.

The unique advantages of Captura P-Card include:

-- The ability to generate information-rich reports about a company

or business unit's purchasing habits and p-card transactions,

allowing financial administrators to gain greater rebates and

early payment discounts from vendors, and to eliminate

unnecessary user restrictions.

-- The ability to store vendor catalog information on the system,

making it easy for users to access product and service

information and place orders within the same environment.

-- A streamlined and customizable interface with existing financial

systems for easy integration and centralized accounting

functionality.

-- Real time validation of account codes, eliminating the

possibility of exceptions when transactions are imported into the

general ledger.

In addition, an order log feature enables cardholders to input pertinent information about a p-card order (including multiple account code allocation). Later, the order log information can be automatically matched to the electronic statement of transactions from the p-card provider. This robust tool also resolves central receiving challenges by assigning a unique order log number, allowing receiving to correctly route and track deliveries.

Captura P-Card operates on both PC and Macintosh client workstations and uses the customer's choice of database: Sybase, Oracle, Microsoft SQL Server, DB2 Universal Database or Informix. It is also Year 2000 compliant. The current client/server environment will be followed shortly by a Web-based interface as well as by full integration into the Captura e-Finance platform.

About CCSi

Headquartered in Richland, Wash., CCSi was founded in 1995 to provide reconciliation and reporting software solutions to clients nationwide in every type of business and industry. CCSi has licensed its various products to numerous enterprise customers including Arthur Andersen, ARCO, Battelle, Bechtel, California Institute of Technology, Lockheed Martin, and the State of Alaska. CCSi is highly regarded for its experience in creating effective client/server solutions to address a variety of workflow challenges.

About Captura Software

Captura Software, headquartered in Bothell, Wash., delivers comprehensive global expense management products and superior services through its suite of e-Finance Solutions(TM). Its e-finance solutions allow companies to automate expense management using Web-enabled technology, and to capture essential financial data that can help them make sound, timely business decisions. Captura is leading the e-finance category through its worldwide deployment, its growing list of customers and its partnerships with global leaders in financial, software, travel, and communications industries.

Captura has offices in Boston, MA; Chicago, IL; Dallas, TX; Los Angeles, CA; New York, NY; Raleigh, NC; San Francisco, CA; Seattle, WA; Wayne, NJ; and Washington DC. Captura's European headquarters are in London, United Kingdom, with an additional European office in Paris, France. Captura has built a strong infrastructure of customers, partners, and strategic alliances with more than 400,000 seats sold. Customers include adidas-America, CGU, Ford Motor Co., General Motors, Lockheed-Martin, Merrill Lynch & Co., Pfizer Inc., SSDS, and Unify. For more information about Captura and its products, in the U.S. call [phone]; in Europe call [phone] (United Kingdom) or [phone] (France); or visit the company's Web site at http://www.captura.com.