New York August 13, 2001 Consulting firm Accenture and Captura, a provider of Web-based expense management software, have formed an alliance to co-develop and co-market Web-based expense-management solutions, the two companies announced today.
The companies said the goal of the alliance is to help companies reduce the costs associated with processing travel and entertainment expenses, which they say are typically a company's second-largest controllable corporate expense.
The new solutions will allow companies to track expenses in detail, reduce expense reporting time, enhance compliance of travel policies and improve employee productivity, the two solution providers said. 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 providers asserted.
"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 and 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 suppliers and purchasing trends."
Accenture has an equity position in Captura.
