170 Systems Presents Webcast with Industry Expert on the Topic of Preventing Procure-to-Pay Fraud in Five Vulnerable Processes


Nat Goodman, Finance and Operations and Expert, Will Provide Finance Professionals with Practical Advice for Tightening Internal Controls and Protecting Assets

BEDFORD, Mass., Jan. 31 -- 170 Systems, the leader in delivering proven software solutions that optimize and automate financial processes for the world's largest companies, today announced a webcast featuring well-known finance guru, Nat Goodman, on how to prevent procure-to-pay (P2P) fraud.

In the online event, Mr. Goodman will offer practical advice on how to tighten internal controls, prevent malfeasance, stop theft, detect red flags, and safeguard company assets for five vulnerable P2P processes - maintaining the master vendor file; p-card purchasing; accounting for airline flights; recording/accruing of expenses; and managing voids and escheats.

Rakesh Shukla, Co-Founder of 170 Systems, will moderate the webcast and discuss how to implement best practice internal controls with technology that can automatically segregate duties, offer early visibility into accruals, enforce documented policies and procedures, capture complete audit transaction trails, and provide data that can give clues to suspected fraud.

"Because financial malfeasance can result in criminal penalties for corporate finance executives, preventing the many different types of fraud is one of the top issues on the minds of finance professionals," said Allen Carney, 170 Systems' Vice President of Marketing. "We are pleased to explore this topic in-depth with Mr. Goodman, who has an international reputation for excellence in the finance community."

WHEN: Wednesday, February 7th at 11:00 AM EDT/ 8:00 AM (PDT) / 4:00 PM
(GMT)
WHERE: Registration for this online event is at www.170systems.com/

About Nat Goodman

Nat Goodman CAPP, CPA, MBA is the author of the International Accounts Payable Professional's certification manuals. He has led over 700 seminars worldwide and is credited with significant consulting accomplishments on five continents. Additionally, Nat served in various corporate roles including comptroller of Sears Roebuck de Mexico and controller of Hartmarx Specialty Stores.

About 170 Systems

170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.

For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit www.170systems.com.

Source: 170 Systems INC

CONTACT: Allison Parker 170 Systems Inc +1-781-743-1991 aparker@170Systems.com

Web site: www.170systems.com/

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