Captura Software and Qwest Cyber.Solutions Deliver Web-Based Expense Management Solution; General Motors First Fortune 500 Company to Adopt New ASP Solution.BOTHELL, Wash.--(BUSINESS WIRE)--Sept. 29, 1999-- Captura(R) Software today announced a strategic relationship with Qwest Cyber.Solutions, a leading application service provider (ASP), to offer its corporate customers increased flexibility in meeting their expense management needs. Qwest Cyber.Solutions will be the ASP to deliver the Captura e-Finance Solution(TM) suite, which enables companies to automate how they process expense reports, purchase orders and other procurement documents. By forming this relationship, Captura and Qwest Cyber.Solutions will deliver customers Web-based expense management solutions that are affordable, easy to use and fully managed. Automotive leader General Motors is the first customer that will adopt the software-subscription model from Captura. The strategic relationship will be detailed by representatives from Captura and Qwest Cyber.Solutions during a press briefing today at 11 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy at the Essex House Essex House can refer to:
1. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "Application and services hosting has emerged as the most significant trend in the computer industry this year, and the hosting model is already well on its way to transforming the way corporations will purchase software functionality," said Dwight Davis Noun 1. Dwight Davis - United States tennis player who donated the Davis Cup for international team tennis competition (1879-1945) Dwight Filley Davis, Davis , Service Director, Summit Strategies, Inc. "Expense reporting and other 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. are naturals for hosted deployment, and I would expect rental of this functionality to become the norm for medium-sized to large companies in the coming years." "Companies are increasingly turning to the Internet as the key enabler of important 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 . As we experience this high demand for application services See ASP and Web services. , Qwest Cyber.Solutions welcomes the opportunity to add Captura to its growing list of application partners," said John Charters, 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. of Qwest Cyber.Solutions. "Providing scalable Web-based applications provides great benefits to companies that want to provide employees with innovative technology solutions while also streamlining operations and maintaining focus on their core business." "Ultimately, this is about providing a completely flexible expense management solution for any size company, anywhere in the world. By working with Qwest Cyber.Solutions, we can provide our customers with a completely Web-based solution that can be accessed by thousands of desktops with only a single implementation," said Dan Vetras, president and CEO of Captura. How Captura's Subscription-Based Solution Works A company with locations in multiple countries deploys Captura's e-Finance solution at a central location such as a secure server site. Employees incur expenses using a single corporate credit card such as a Citibank MasterCard, and the charges are automatically downloaded from Citibank's database and imported into Captura's solution. When an employee in France accesses the company Intranet, he clicks on an "Expense Report" tab. The credit card charges are pre-populated in the system as euros, but 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 charges appear in dollars. The employee adds a few details and submits his expense report electronically. Captura's solution processes his report, liases with other company computer systems, flags any expenses that do not meet pre-defined rules and calculates taxes based on the employee's profile. "The shortage of skilled IT professionals is leading more and more companies to outsource application maintenance, upgrades and user support to application service providers like Captura, but some companies are still concerned about moving business-critical applications beyond their firewalls," said Katarina Bonde, executive vice president of Captura. "By offering customers the flexibility to license or subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our software via our new ASP model, we are positioning ourselves to meet the needs of even more companies for whom one size does not fit all." About Qwest Cyber.Solutions Qwest Cyber.Solutions is a leading provider of Internet Protocol based end-to-end ASP, Applications Hosting (AH), and Applications Management (AM) services. Qwest Cyber.Solutions offers the broadest range of subscription-based solutions for Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), and other industry applications. 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. Its e-finance solutions allow companies to automate expense management using Web-enabled technology and 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 Atlanta, GA; Boston, MA; Chicago, IL; Dallas, TX; Los Angeles, CA; New York, NY; San Francisco, CA; Seattle, WA; Wayne, NJ; Washington DC. Captura's European headquarters are in London, UK, 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 CGU Conditions Générales d'Utilisation (French) CGU Claremont Graduate University (Claremont, CA) CGU Chang Gung University (Taiwan) CGU Canadian Geophysical Union , Ford Motor Co., General Motors, Hercules, Inc., Lockheed-Martin, Merrill Lynch & Co., Pfizer Inc., and Reckitt & Colman. For more information about Captura and its products, in the U.S. call 425/424-1000; in Europe call +44 181 263 2914 (U.K.) or +33 153 53 67 15 (France); or visit the company's Web site at http://www.captura.com. |
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