International Data Corporation (IDC), a leading global provider of market intelligence and advisory services, has recognized the increasing need for software and processes to manage complex corporate leasing operations. In a recent report, the analyst firm states that a favorable climate for leasing may be on the horizon and cites Captara Corporation, a provider of lease management solutions, as an emerging front runner in helping organizations achieve greater fiscal responsibility and regulatory compliance through improved control and visibility into enterprise leasing.
According to the report titled, New IT Lease Management Tools and Processes Strive to Reenable IT Leasing, IDC report #201533 released in May 2006, "IDC believes that these emerging service companies present a new option: a range of process consulting and process management outsourcing options, which should be considered and evaluated when considering a broader leasing strategy."
The Captara solution is rapidly deployed enterprise-wide, providing standardization and optimization of all equipment leasing activities, including lease versus buy decisions, online collaboration with lessors, centralized lease documentation storage in an online repository, proactive management of contract terms and options, and disclosures and reporting in compliance with Financial Accounting Standards Board (FASB) guidelines and Sarbanes-Oxley regulations.
"As companies continue to struggle with management of their complex leasing activities, and regulatory agencies place greater scrutiny on lease accounting, proper lease management is more important than ever," said Michael Caglarcan, CEO, Captara. "IDC has shown great foresight in its recent report, and Captara is committed to its innovative leadership position in IT lease management."
The report also cites Captara customers Allegheny Technologies, Eaton, Swift and Company, Tractor Supply and Whirlpool as pioneers in lease management through the selection and deployment of the Captara solution.
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.