Accenture and Captura Form Alliance to Provide Web-Enabled Expense Management Solutions
NEW YORK, August 13, 2001 – Accenture (NYSE: ACN) and Captura, a provider of Web-based expense management solutions, have formed an alliance to co-develop and co-market Web-based expense-management solutions. The goal of the alliance is to help companies reduce the costs associated with processing travel and entertainment expenses, which are typically a company’s second-largest controllable corporate expense¹. Accenture also has an equity position in Captura.
Specifically, the solutions will enable companies to detail expense tracking, reduce expense reporting time, enhance compliance of travel policies and improve employee productivity. In addition, because the services will be provided through a Web-based hosting service, the solution will enable companies to reduce associated IT infrastructure and administration costs.
“The current economic climate is putting more pressure than ever on companies to manage their expenses,” said Roger Dunham, managing partner of Accenture’s Finance & Performance Management service line. “Through our alliance with Captura, we will help companies reduce back-office and processing costs, as well as negotiate more-favorable contracts through increased transparency on vendors and purchasing trends.”
Captura’s automated payment-processing services, which uses Web-based, thin-client technology, can be deployed globally to a company’s users via a standard Web browser or wireless device with an Internet connection, such as cell phone or PDA. The applications are then hosted and maintained by Captura’s business partners through an application services provider (ASP) model, which generally results in a lower cost of operations. In addition, Captura’s international, mobile workforces will be able to provide multi-language and multi-currency support to their customers.
“We are excited about our alliance with Accenture. Accenture was recently named one of the ‘100 Companies That Will Change The World’ by Red Herring magazine,” said Dan Vetras, CEO of Captura. “By working with Accenture, we plan to change the way corporations manage expenses while enhancing employee productivity in the process, which will further contribute to a company’s bottom line.”
Captura is a provider of web-based solutions enabling global companies to drive costs out of corporate transaction management. Captura’s technology platform automates the preparation, approval and processing of procurement, travel, entertainment and fleet transactions. At the core of the platform is a powerful, customizable rules-based engine that ensures compliance with purchasing policy and results in appropriate processing and treatment of transactions, regardless of complexity or source. Captura’s customers include the world’s largest and most respected companies in a wide range of industries, including adidas, Booz-Allen, Compaq, Ericsson, Ernst & Young, Ford, GM, Hewlett-Packard, Leo Burnett, MasterCard, Merrill Lynch and Shell. Captura’s home page is http://www.captura.com.
Accenture is the world’s leading provider of management and technology consulting services and solutions, with more than 75,000 people in 46 countries delivering a wide range of specialized capabilities and solutions to clients across all industries. Accenture operates globally with one common brand and business model designed to enable the company to serve its clients on a consistent basis around the world. Under its strategy, Accenture is building a network of businesses to meet the full range of any organization’s needs - consulting, technology, outsourcing, alliances and venture capital. The company generated revenues before reimbursements of $9.75 billion for the fiscal year ended August 31, 2000, and $8.67 billion for the nine months ended May 31, 2001. Its home page is http://www.accenture.com.
1 American Express Survey of Business Travel Managers, 2000-2001
This press release contains forward-looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed under the heading "Risk Factors" in our registration statement on Form S-1 filed with the Securities and Exchange Commission.
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