170 Systems Named a Leader in Comprehensive AP-EIPP Report by Independent Research...

170 Systems Named a Leader in Comprehensive AP-EIPP Report by Independent
Research Firm
"Differentiating Strength is in Selling a Complete Solution of Preconfigured
Workflows That Incorporate the Company's Knowledge of AP Best Practices"

BEDFORD, Mass., June 19 /PRNewswire/ -- 170 Systems, a worldwide leader in
automating finance processes, today announced that the company has been named
a Leader in the June 2008 Forrester Wave(TM): AP-EIPP, Q2 2008.
After evaluating products from 10 vendors across 78 criteria, Forrester
concluded that 170 Systems' "differentiating strength is in selling a complete
solution of preconfigured workflows that incorporate the company's knowledge
of AP best practices -- ideal for Oracle and SAP customers seeking a
prescriptive implementation approach or a better user experience." Forrester
evaluated the 170 MarkView Financial Suite.
"We are pleased that this extensive research has recognized 170 Systems'
position as a leader in this dynamic market, and that Forrester has provided a
credible framework for organizations seeking solutions," said Dave
Ellenberger, 170 Systems' President and CEO. "With the economic pressures
facing businesses of all sizes, investing in AP-EIPP applications can have an
immediate and material impact on operational costs, freeing up working capital
to invest in other areas of the business. Our customers are successfully
using 170 Systems' solutions to dramatically decrease their invoice processing
costs, increase service levels and improve overall Finance costs."
According to the Forrester report, "AP-EIPP products streamline the
invoice-to-pay (I2P) process by receiving invoices directly from supplier's
systems, automatically validating them against supporting documents such as
purchase orders (POs), and loading them into payment systems, ready to be
paid." The report continues, "The value proposition is compelling -- the best
AP-EIPP products deliver operational savings, error reduction, and higher
early-payment discounts. The clear, demonstrable benefits and the large
available market ... are driving rapid market growth of 33% per year."
About 170 Systems
170 Systems develops best-of-breed financial process applications that are
the foundation for world-class Finance operations in onshore, offshore,
centralized and shared services organizations. Designed to complement the
ERP's transactional core, 170 MarkView automates end-to-end financial
processes with consistent best practices that leverage the latest capture
technologies (imaging, OCR, e-Invoicing and others), reducing operational
costs, improving speed, visibility, quality and enforcement of internal
controls, while providing the best user experience for all participants in
Finance processes (AP processors, line-of-business approvers and Finance
Managers). Applications in the 170 MarkView Financial Suite include Accounts
Payable, Expense Management, Procurement, Accounts Receivable, Asset
Management, General Ledger and Project Re-Billing.
For more information about 170 Systems, please call 781.743.1900 (North
America), +44 0208 610 6009 (other regions) or visit www.170systems.com.
Trademarks
170 Systems and 170 MarkView are trademarks of 170 Systems.
SOURCE 170 Systems

Allen Carney of 170 Systems, +1-781-743-2182, acarney@170Systems.com