Software extends finance processes to business units.
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Press Release Summary:
Designed to automate and standardize financial processes, 170 MarkView Financial Suite v5.5 comprises solutions for procure-to-pay, order-to-cash, and general accounting for Global 2000 organizations. 170 MarkView Insight tracks and reports compliance and controls, discount management, and financial accounting as well as areas requiring attention, while 170 MarkView Express extends finance applications to line-of-business users, insulating them from complexities of back-end systems.
Original Press Release:
170 Systems Announces 170 MarkView® Release 5.5
New Version Delivers Powerful Information for Improving Business Performance and Extends Finance Processes Directly to Business Units
BEDFORD, Mass., April 10 / -- 170 Systems Inc., the leader in optimizing financial processes for the world's largest companies, today announced 170 MarkView Financial Suite, Release 5.5, featuring 170 MarkView Insight and 170 MarkView Express. With these two significant new capabilities, Finance executives now have access to powerful information for rapidly improving Finance processes and business performance, and departmental managers have a simple way to participate directly in business processes.
170 MarkView Insight is a business performance management monitor that equips Finance managers with essential operational information including key performance indicators and situational alerts. Processes tracked and reported on include compliance and controls, discount management, and financial accounting, as well as areas requiring attention, such as unprocessed financial liabilities, workflow bottlenecks, pending penalties, employees' productivity, potential fraud, and others.
170 MarkView Express is a powerful business user portal that extends finance applications to line-of-business users, insulating them from the complexities of the back-end systems. Using a traditional web browser, business-users use can quickly and easily participate fully in financial processes. 170 MarkView Express' simple interface gives managers single-click access the data they need to make informed decisions -- ERP transactional data, process history, backup information (contracts, purchase orders, and receipts), and sophisticated analysis, such as spending against budget or bills/payments. They simply review the transaction presented them and related background information, and complete their portion of the process, without ever accessing the ERP system directly.
"We needed a quick and effective way to involve the cost center managers in the review and approval of invoices, but that solution had to offer compatibility with our users' desktop environments and little or no training," said Dorothea Lopuck, Director of Accounting Services, Juniper Networks. "With 170 MarkView Express, we have a solution that extends our AP processes out to our lines of business -- in the U.S. and international locations -- without requiring our users to be trained in the application or our IT department to support another client, and the improvements to our invoice-approval process have been significant. As a result of the implementation of 170 MarkView Express, we were able to offshore much of the global AP transaction processing to India."
"With 170 MarkView 5.5, we're giving all participants in financial transaction cycles the information they need to be more effective in managing the financial health of their organizations," said Dave Ellenberger, president and CEO of 170 Systems, Inc. "By focusing on our customers' complete business processes and the needs of all the participants, we continue to differentiate our offerings with innovative solutions that help address the most pressing challenges facing financial executives today."
170 MarkView Financial Suite
The 170 MarkView Financial Suite, comprising software solutions for procure-to-pay, order-to-cash and general accounting for Global 2000 organizations, automates and standardizes financial processes to help Finance departments reduce costs, strengthen internal controls and compliance, and improve service levels. Tightly integrated with leading ERP systems (Oracle E-Business Suite, PeopleSoft Enterprise and mySAP ERP Financials), the 170 MarkView Financial Suite embeds best practices in financial processes, transforming multi-step, multi-person tasks into highly efficient workflows with as few as five steps, and delivers a measured three-year return on investment of 330% with a payback period of 7.4 months.
About 170 Systems
170 Systems is the proven leader in delivering software solutions that manage and optimize financial processes. 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 and General Ledger. 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 ERP systems, including Oracle E-Business Suite, PeopleSoft Enterprise Applications, and mySAP ERP Financials, 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 http://www.170systems.com/.
Trademarks
170 Systems and 170 MarkView are registered trademarks of 170 Systems, Inc. All other trademarks are the property of their respective owners.
CONTACT: Allison Parker, +1-781-743-1991, aparker@170Systems.com, or Allen Carney, +1-781-743-2182, acarney@170systems.com, both of 170 Systems
Inc.
