 |
 |
 |
 |
 |
 |
March, 2006 –
If you think you are making out like a bandit on that lease, it's time to re-read the contract. After all, the leasing company is making money, isn't it?
Read More >>
|
|
 |
 |
Michael Baker Corporation Deploys Captara for Complete Enterprise Lease Management
SAN FRANCISCO – September 12, 2006 – Captara Corporation, the only comprehensive, web-based corporate lease management solution provider, has been selected by Michael Baker Corporation to improve the engineering and energy professional services firm’s enterprise leasing process and to provide the company with a complete set of applications for reporting lease obligations and commitments in accordance with Financial Accounting Standards Board (FASB) and Sarbanes-Oxley requirements. Michael Baker Corporation rapidly deployed the Captara solution enterprise-wide, providing centralization of all equipment leasing documentation.
“Baker utilized Captara’s solution to simplify its internal lease process and to centralize documentation,” said William P. Mooney, EVP & CFO, Michael Baker Corporation. “The Captara solution’s support, along with the collective expertise of the Captara team, has proven to be invaluable to us.”
Baker plans to take full advantage of the Captara solution to efficiently standardize and optimize crucial leasing activities, such as Request for Proposal (RFP) development, online collaboration with financial institutions to compare lease proposals, and standardized contracts for every financing project. Additionally, Captara’s automated notification features prevent Baker’s agreements from slipping into costly evergreen leases.
“More than 250 companies were forced to restate 2004-2005 earnings as a result of improper lease accounting, and FASB has looked at ways to update its lease accounting guidelines,” said Dave Tompkins, VP Client Services, Captara. “Companies are increasingly turning to Captara to improve the business processes behind their lease activities and provide transparency to these activities across the enterprise and to regulatory agencies.”
About Captara Corporation
Captara offers a comprehensive web-based solution for managing all enterprise leasing functions. The solution provides control, compliance, cost savings and optimized cash management. Fortune 2000 companies are using Captara to immediately take action to improve the management of their enterprise leasing activities, ensuring compliance with SEC and FASB rules and reporting requirements and achieving operating efficiencies. For more information, visit www.captara.com.
Click here to download in PDF format.
For Media Information
Tammy Smith
415-901-1842
tsmith@captara.com
<< Back to 2006 Press Releases
|
|
|
