Selection Demonstrates Company's Commitment to Finance Excellence
BEDFORD, Mass., March 6 // - 170 Systems today announced that Xansa, a leading UK-based outsourcing and technology company, has chosen 170 MarkView Financial Suite for SAP to help them manage their accounts payable (AP) and expenses processing worldwide. The company will integrate the solution with its mySAP ERP system environment.
Xansa will use the 170 MarkView Financial Suite for mySAP to automate and optimize accounts payables and expenses. For AP, the new solution will enable the company to create a single, consistent process for invoice receipt, review and approvals, helping reduce invoice processing costs by eliminating the expenses of copying, filing and transporting related documents. Xansa will leverage 170 MarkView for Expense Management for the expense reimbursement process and ensure compliance with corporate policies. Xansa have years of previous experience with 170 MarkView, which it offers to its Oracle-based outsourcing clients including BT, O2 and My Travel to enable AP processes and offshoring.
"As we sought to further enhance our Finance processes, we looked directly to 170 Systems and the 170 MarkView Financial Suite for mySAP," said Gordon Stuart, Finance Director of Xansa. "Our experience offering 170 Systems products to Oracle-based clients made this a very clear decision for us. 170 MarkView for Accounts Payable will enable us to efficiently manage invoices and 170 MarkView for Expense Management will facilitate expense claims for the global Xansa organisation thereby helping us maximize our investment in our SAP ERP solution."
"We are proud that Xansa has chosen 170 Systems solutions for the SAP platform and look forward to delivering the benefits that our clients typically receive - improved processes, reduced processing costs, and increased control, visibility and service levels," said Dave Ellenberger, President and CEO of 170 Systems. "Xansa's investment in our solutions underscores their commitment to excellence in their finance applications."
Xansa is a UK-based outsourcing and technology company with over 8000 people in the UK and India. With a 45-year history of sustaining long-term relationships and pioneering better ways of working, Xansa drives real and long-term cost reductions and performance improvements. Committed to delivering guaranteed business outcomes through a combination of technology and process expertise, Xansa gives clients across the private and public sectors the freedom to do more. Xansa is listed on the London Stock Exchange (XAN.L) with revenues for 2006 of 357.3 million pounds Sterling.
Further information on Xansa can be found at: www.xansa.com
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, Project Re-Billing and Human Resources. 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 optimize discounts. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems, including Oracle E-Business Suite, mySAP ERP Financials, and PeopleSoft Enterprise Applications, 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 of 170 Systems, Inc., +1-781-743-1991, or aparker@170Systems.com
Web site: www.170systems.com/