Ford Motor Company and Captura Monday (Sept 25) announced a multi-million dollar investment by Ford in Captura to expand its technology to provide a complete corporate expense management solution.
The technology will provide a single, unified system for automating all corporate expenses and online e-business transactions.
“Ford has been using Captura Expense to automate the travel expense process throughout our organization, and we recognize the potential of Captura’s technology to automate other business processes, including e-procurement, purchasing, and online exchange transactions,” said Jim Yost, Chief Information Officer at Ford. “Through our investment in Captura, we’re supporting an innovative technology that can integrate all transactions into a single expense management system to help us make more intelligent spending decisions.”
Captura Expense Engine integrates the financial procurement systems for travel and entertainment, ERP, purchasing and online trading exchanges. Buyers and sellers can seamlessly perform all financial processes and operations online. Captura Expense Engine captures expenses, whether direct or indirect purchases, e-commerce or traditional, and places that information into a single data repository where a variety of e-services are applied. Captura Expense Engine provides detailed expense information in a single, unified system for managing and accounting for corporate expenses.