170 Systems Inc. highlights advances in business process management at OAUG Europe
Rome, Italy - September 24, 2002 - 170 Systems, a leading provider of business process management software and services to large enterprises worldwide, will showcase at the OAUG Europe (Oracle Applications Users Group) conference (Booth #5), how companies can apply business process technology to streamline operations, maximise efficiencies, and reduce operating costs. The company is a key enabler of corporate initiatives to cut costs internally and seek a more efficient operating environment in the face of the continued emphasis on business expense management. OAUG Europe will be held in Rome, Italy, 22-25 September.
"We're seeing tremendous interest and adoption of business process management solutions in areas such as shared service centres, web expense reporting, procurement, -- in virtually all aspects of an enterprise." said Karl Büttner, president of 170 Systems.
Shared service centres
Many global businesses are migrating business processes such as finance, accounts payable, contracts, or human resources into a shared service centre model, where a centralised business unit supports a variety of back-office functions for disparate offices and divisions, and 170 Systems is at the forefront of this movement. A number of 170 Systems clients are taking this approach as they continue to seek new methods to enhance efficiencies.
Self-service web-based expense reporting
With the costs of processing travel and entertainment expense reports soaring, many companies are moving to self-service, Web-based methods to manage and process expense report documentation. By integrating online expense reporting and document management systems, companies have reduced the amount of time their accounts payable staff and management spend dealing with the reams of paper generated by expense receipts, forms, and back-up documents in the approval and reimbursement process. As an additional benefit, the 170 MarkView™ solution integrates with project billing and account receivable applications for those businesses that re-bill expenses to their clients/customers.
Internet procurement
Large enterprises are looking to further drive Web-enabled procurement cycle efficiency by reducing their dependency on paperwork. Using online procurement applications and document management and workflow systems, organisations have reduced the time spent processing, storing and retrieving paper related to requisitions, RFQs, contracts and their associated documentation. Auditing and other departments have more timely, online access to procurement-related documents.
The 170 MarkView System is a complete solution enabling businesses to manage all content, regardless of source or original formats, and streamline business processes.
It is designed to leverage and extend the functionality of existing enterprise applications, such as ERP/Financials, CRM, SRM, HR and more, bringing greater return on these major investments. 170 MarkView is integrated with all of the Oracle E-Business Suite applications, and is deployed today by leading businesses in over 40 countries worldwide.
About 170 Systems
170 Systems, Inc. provides enterprise software products that enable Global 1000 organizations to capture and manage all of their information online and optimise both intra-company and business-to-business processes. 170 Systems products enhance business processes in financial, procurement, customer relationship management, human resources, project management, and self-service software applications. 170 Systems solutions are used today by organizations worldwide, in all industries, to support and streamline mission-critical business processes and operations. The company is headquartered in Cambridge, MA. For more information about 170 Systems, contact 1-800-788-6170, +1-617-621-0900, +44 1727 868051 or visit www.170systems.com.
TRADEMARKS
170 Systems and 170 MarkView are trademarks of 170 Systems, Inc. All other trademarks are the property of their respective owners. Oracle is a registered trademark of Oracle Corporation.
