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November, 2006 –
Captara announces an application to accurately track and manage real estate leases and associated activity.
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Captara offers a comprehensive web-based solution for managing all enterprise leasing functions. The solution provides
control, compliance and cost savings. Fortune 2000 companies are implementing Captara to ensure compliance with SEC, FASB
and Sarbanes-Oxley rules and reporting requirements, while also achieving significant operating efficiencies and ROI.
By using the Captara solution, our
customers have:
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Established online leasing policies and procedures, ensuring easy access to and compliance with current corporate policy.
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Evaluated the costs of lease vs. buy options, using consistent, corporate approved parameters across disparate divisions and functions.
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Standardized and automated the request for proposal (RFP) preparation and on-line distribution to the financial community.
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Automated the ranking and evaluation of all financing proposals on a comparable basis, resulting in optimized financing decisions.
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Standardized lease documentation, minimizing legal review and eliminating hidden unfavorable terms.
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Proactively managed all key decisions, such as, mid and end of term options, through email notifications, eliminating undesirable evergreen rents and penalties.
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Stored all lease documentation through the use of an online document repository, providing instant document retrieval and avoiding loss of contracts.
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Simplified and automated the preparation of all management and public reporting, including accurate lease accounting disclosures required by Sarbanes-Oxley and FASB regulations.
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Rapid deployment of Captara solution without any software equipment installation or IT resources.
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