Captura Software Pioneers Customizable Expense Management Automation in European Market.BOTHELL, Wash.--(BUSINESS WIRE)--July 1, 1998--Captura Software today marked a milestone in its progress to simplify complex expense management in European countries, with the opening of a European headquarters in London. Captura is paving the way for the automation of expense management in multiple countries with Employee Payables(tm) 2.0, the most customizable application in the market. Captura is the first company to support multi-national requirements as they evolve, including various currencies and the euro, local 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, tax and company car rules, multiple languages, location-specific policies and practices and localized reports. Captura's proprietary Intelligent Decision Processing rules engine enables the product to be localized to accommodate various nations' regulations and new rules, without major code changes. This technology leadership provides a springboard for international deployment of Employee Payables for current and future customers. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , with 56,700 employees worldwide, is the first customer to deploy Employee Payables internationally. A Captura customer since 1996, Merrill Lynch anticipates the significant margin of savings it has realized in the U.S. across its operations worldwide. Captura was the first expense management software company to deploy customer installations and its customers include Aetna Inc., 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, EG&G, Paymentech 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. "Captura has helped Merrill Lynch realize significant cost reductions with our travel and entertainment (T&E) processing, and we're eager to experience savings abroad," said Mark McAndrews, CAO of Merrill Lynch Investment Banking. "Captura's European headquarters not only strengthens their commitment to our international deployment, but stands to benefit European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. looking to streamline costly, complicated processes." Katarina Bonde, executive vice president at Captura and managing director of Captura International, Ltd. said, "The opening of our European headquarters marks a new era for Captura. A European sales and support function allows us to match our current strengths with the needs of our customers with significant European presence." Employee Payables 2.0 Delivers Best Approach for International Markets Employee Payables delivers the most advanced approach to issues such as complex regulations and multiple currencies - critical as adoption of the euro takes place - and the Year 2000, and can not only automate integration of data from outside sources, but also captures additional information to make intelligent choices about that data. As a result, customers such as Merrill Lynch will realize dual benefits of consistent company-wide compliance for long-term cost-effectiveness. Bonde will manage the new headquarters, joined by Craig Gordon Craig Sinclair Gordon (born 31 December 1982 in Edinburgh, Scotland) is a Scottish footballer, currently a goalkeeper for both Sunderland and the Scotland national team. Club career Hearts , sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → , and Raj Sandhu, consulting manager. They both join Captura from Hogg-Robinson/BTI in the UK, where they built a consulting unit by packaging service offerings for T&E process analysis and re-engineering. Gordon worked with Meridian, the number one VAT services company, since its inception and Sandhu worked for Galileo, the travel reservation systems vendor before joining BTI BTI Beverage Testing Institute BTI Boyce Thompson Institute BTI British American Tobacco (stock symbol) BTI Boston Theological Institute Bti Bacillus Thuringiensis Israelensis BTI BioTechnology Institute BTI Binding Tariff Information . The Captura office is located at World Business Centre, Newall Road, Heathrow, Middlesex, TW6 2RJ, United Kingdom. The phone and fax numbers are +44 181 263 2914 and +44 181 263 2701. 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 enterprise solutions that manage business policies effectively and 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 large 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; Aetna Inc., 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, Pfizer Inc., Cytec Industries Cytec Industries is a specialty chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. Inc., Commercial Union Insurance Companies; EG&G, a global technology company; Paymentech Inc.; SSDS; and Unify. Partnerships include three of the world's largest travel agencies, Carlson Wagonlit Carlson Travel Network Carlson Travel Network can trace its origin back to a travel agency that was founded by Ward Forster in the United States in 1888 and named Ask Mr. Foster. Travel, Rosenbluth International and BTI Americas. Captura is a Microsoft Solution Developer, a Microsoft Solution Provider and an Independent Software Vendor for Great Plains Software. For more information about Captura and its products, call 800/547-2223 or visit its Web site at http://www.captura.com.
CONTACT: Captura Software
Mara Krieps, 800/547-2223, Ext. 144
marak@captura.com
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