170 Systems Overview

170 Systems is the leading provider of complete software solutions that automate and optimize financial processes for the world's largest and most ambitious finance organizations. The company's customers include British Telecom, Juniper Networks, Orange (a division of France Telecom), Plains All American, Reader's Digest, Reuters, Sandia National Laboratories, Select Medical, TUI AG, University of Pennsylvania, and Verizon Wireless.

The company's product line, the 170 MarkView® Financial Suite, is a best practice financial process automation solution for Accounts Payable, Expense Management, Procurement, Accounts Receivable, General Ledger, Asset Management, Project Re-Billing and Human Resources. Certified with Oracle e-Business Suite, PeopleSoft Enterprise Applications and SAP ERP, 170 MarkView taps the power of the ERP for all processes, using best practice workflows that leverage the ERP's approvals and validations - without risk of data duplication - and employs user interfaces appropriate for each type of user: AP processor, line-of-business manager, finance manager and supplier. Tightly integrated with the ERP system, 170 MarkView Financial Suite extends the ERP's functionality through use of consistent business processes and best practice workflows.

The 170 Systems Advantage

170 Systems' Global 2000 customers benefit from complete visibility into all transactions and related information, best-in-class transaction costs, fastest transaction cycle times, strengthened internal controls, improved service levels, maximized cash flow, and average payback in less than 7.5 months. The company's solutions are unmatched in their ability to transform expensive, inefficient, labor-intensive finance tasks into streamlined, automated, efficient end-to-end processes. The advantages 170 Systems offers to its customers include:

Unrivaled Experience

170 Systems is unmatched in its experience automating financial processes in large organizations worldwide. Working with the world's leading finance organizations for over 16 years, 170 Systems demonstrates unsurpassed knowledge and understanding about its customers' challenges and the solutions that will deliver the greatest value for them. The company's customers have global finance operations and shared service centers worldwide, often with offshore processing centers, and have won numerous industry awards for their successes.

170 Systems customers can be found across a wide range of industries including aerospace and defense, consumer goods, education, energy, engineering and construction, entertainment, financial services, food and beverage, government/public sector, healthcare, high technology, manufacturing, publishing, telecom, retail, travel & entertainment.

Singular Focus on Best Practices in Financial Process Automation

Unlike many vendors that focus on a single task (e.g., document capture), enabling technologies (workflow, imaging), or that rely on customers to design their own workflows, 170 Systems delivers best practice, end-to-end finance processes optimized for all participants. From the first step of a process (e.g., at invoice receipt for an accounts payable process) through analysis of the whole stream of invoices, 170 Systems' best practice solutions create the foundation for efficient and effective world-class finance operations.

170 MarkView Financial Suite's processes are also specifically tuned to the visibility and needs of the various participants in the process - from ERP-savvy finance staff to non-ERP users in the lines of business to suppliers:

• Finance staff have 170 MarkView tools integrated into their ERP work environment for managing individual transactions, initiating workflows and checking approval status.
• Finance managers have visibility into incurred liabilities, potential internal controls violations, employee productivity, and other key metrics enabling them to make better decisions about departmental performance and resources.
• Line-of-business users benefit from simple, intuitive web-based access for approvals and inquiries, so that they don't need to understand or directly access the ERP, but can perform their required functions.

Complete Proven Product

Many companies offer toolkits for creating custom applications, incorporating various technologies (imaging, OCR, EIPP, and workflow), as necessary. In contrast, 170 Systems delivers a complete software product, not just a toolkit. 170 MarkView Financial Suite is specifically designed to support large-scale, end-to-end finance processes for finance departments managing hundreds of thousands of invoices per year and offers:

• An Entire Financial Solution Suite - With modules to support all key finance functions, the 170 MarkView Financial Suite delivers cross-functional integration to support the flow of transactions throughout the organization and across ERP modules.
• Fully Tested, Certified and Supported Software - 170 Systems' products, including an extensive library of best practice workflows, are fully tested, certified with ERP releases, fully documented, fully supported, completely upgradeable and deployment-proven in the world's leading companies. Custom-developed or custom-integrated solutions do not offer those benefits and introduce numerous risks.
• The Foundation for Incorporating Key Automation Technologies - 170 MarkView Financial Suite supports all of the technologies required to automate financial processes: imaging, OCR, electronic invoices (EIPP), workflow, analytics and supplier portals.
• Proven in the field - As a result of 170 Systems' focus on optimizing and managing finance processes, delivering a complete product and extensive experience, 170 Systems' customers derive a rapid and quantifiable return on their investment (ROI). In an independent study of 170 MarkView Financial Suite customers, The Gantry Group found an average 7.4 month payback period.

Advanced ERP Integration

170 MarkView Financial Suite is fully integrated and certified with the leading ERP Systems-Oracle e-Business Suite, PeopleSoft Enterprise Applications and SAP ERP-working directly with live ERP data and leveraging the ERP system's workflows, approvals and validations. Unlike other technologies, 170 MarkView:

• Never copies ERP data so that records are never outdated, lost or inaccurate;
• Automatically attaches original information such as invoices and all back-up information to the ERP record;
• Leverages the ERP's approval hierarchy, validations and security; and
• Provides easy-to-use mark-up tools (approved, forward, etc.) for finance staff and line-of-business users to drive the ERP workflow.