San Mateo, CA, September 19, 2011 –(PR.com)– ENFOS, Inc. today announced that RACER Trust will implement the ENFOS Environmental Business Management Solution. RACER Trust will deploy ENFOS software to manage the financial aspects of their environmental liability management program including lifecycle planning, budgeting, vendor proposals, work orders, and expenditures.
ENFOS will be integrated with RACER Trust’s Sage MAS 200 enterprise system in order to facilitate cost capture and the reserve management process.
ENFOS CEO Craig Modesitt adds, “In order for RACER to be successful, they recognize the need to function at an optimal level and do so from the very start. ENFOS provides the essential means to perform at the level required by this unique circumstance.”
Scott Hamilton, RACER’s chief financial officer, said, “We’re pleased to be working with ENFOS to ensure the efficient and effective management of our financial and environmental information. The addition of ENFOS will streamline RACER’s business processes, provide important budgeting and planning tools and strengthen our overall internal control environment.”
“The RACER Trust is one of the largest holders of industrial property in the United States, and ENFOS will help us manage information to best serve the interests of all RACER stakeholders. This will allow us to focus on our larger clean up and redevelopment goals,” said Bruce Rasher, RACER’s redevelopment manager. “We look forward to the benefits their software will provide.”
About RACER Trust:
The RACER (Revitalizing Auto Communities Environmental Response) Trust was created in March 2011 by a U.S. Bankruptcy Court to clean up and position for redevelopment properties owned by the former General Motors Corp. before its 2009 bankruptcy. The RACER Trust now owns more than 44 million square feet of industrial space in 66 buildings across 7,000 acres in 14 states, principally in the Midwest and Northeast. RACER is one of the largest holders of industrial property in the United States and is the largest environmental trust in U.S. history. For more information, visit www.racertrust.org
About ENFOS:
ENFOS is the on-demand enterprise Environmental Business Management solution provider. ENFOS helps companies minimize risk and lower the costs to comply with environmental liability, public disclosure standards, corporate governance mandates, and environmental regulations.
The company’s solution integrates easily with customers’ ERP systems and legacy applications, providing for seamless real-time knowledge. Customers include BP, El Paso, ConocoPhillips, Sunoco, Celanese, and Pacific Gas and Electric.
ENFOS, Inc. is headquartered in San Mateo, California, with offices in the Chicago area, Europe, and Middle East. For more information please visit www.enfos.com or call 1 (888) 838-7767.
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