Winmark Corporation(r) Selects Eaglepro(r) For Its Asset-level Lease Accounting Capabilities

Cornerstone Software, a leading provider of lease accounting and asset management software, today announced that Winmark Corporation has selected EaglePro(R) as its enterprise lease accounting system. Located in Minneapolis, Minnesota, Winmark Corporation brings unique franchise opportunities to small business entrepreneurs through its retail and lease franchises and is the parent of Winmark Capital(R) and Wirth Business Credit(TM).

"Cornerstone was able to demonstrate and understand our lease accounting process," said Brett Heffes, Chief Financial Officer for Winmark Corporation. "We needed a solution that was flexible enough to handle the accounting for and maintenance of lease agreements in a true asset-based manner while having the capability to process our transactions from initial equipment purchase through commencement and termination. EaglePro allows us to handle our leases our way." Cornerstone's EaglePro system has been at the forefront in asset-based lease accounting software. Its flexible contract structure allows assets to be added or removed from a master lease without having to rewrite an entire lease. EaglePro's contract builder automates the process of asset entry for exceptional ease in making additions, changes, and deletions of assets.

"We are the only company that designed a lease accounting system from the asset level up, which provides greater accounting credibility," noted John Rindone, CEO, at Cornerstone Software. "EaglePro will allow Winmark Corporation to process its' transactions on an asset basis." As the industry standard in asset-based lease accounting systems, EaglePro helps lessors maximize the long-term value of their assets while adhering to core accounting principles. EaglePro performs all accounting functions associated with managing a leased asset, including asset and contract management, funding, general accounting, purchasing, and customer service.

To learn more, contact Cornerstone Software at (603) 595-7480 or visit www.cornerstonesoftware.com.

Winmark Corporation(R) Winmark Corporation(R), based in Minneapolis, creates, supports and finances business. Specializing in small and mid-market leasing as well as developing franchises for retail stores that buy, sell, and trade new and used merchandise, it is the parent company of Play It Again Sports(R), Once Upon A Child(R), Plato's Closet(R), Music Go Round(R), Wirth Business Credit(TM) and Winmark Capital Corporation. Winmark has more than 850 franchise locations and is publicly traded at . For more information visit www.winmarkcorporation.com.

About Cornerstone Software Launched in 1986, Cornerstone Software is a privately held company headquartered in Nashua, N.H. Cornerstone develops, markets, and sells EaglePro, a true asset-based lease accounting software solution, as well as application development tools. While both product lines are distinct, Cornerstone combines its extensive application development experience and leasing expertise to create next generation lease accounting products that deliver the highest level of value, performance and functionality to its customers. Cornerstone's products are distributed through international distributors, value-added resellers, and direct marketing efforts. For more information, please visit www.cornerstonesoftware.com.

Winmark News and Press Releases

This article has been read 1649 times.

Would you like to own a Winmark Franchise?

For more information about becoming a Winmark Franchise owner, including a franchise overview, start-up costs, fees, training and more, please visit our Winmark Franchise Information page.