Study Reports 170 Systems' Customers Realize Significant Return on Investment by Leveraging World-Class Accounts Payable Solution to Streamline Business Processes

Consulting Firm Documents 332 Percent ROI and Payback Period of Seven Months for Global 1000 Companies

Bedford, Mass. (April 11, 2005) - 170 Systems, the leading provider of software products and services that transform core ERP financial functions into world-class business processes that mitigate financial risk, today announced the results of a return on investment (ROI) study based on its 170 MarkView for Accounts Payable solution. Conducted by The Gantry Group, a management consulting firm specializing in technology ROI, the study reports results from nine of 170 Systems' customers, documenting significant savings in productivity, cash management and operating expenses as a result of streamlining accounts payable (A/P) processes, while also strengthening internal controls.

"This study underscores the real ROI and value-add that our solution provides to Global 1000 customers," said Dave Ellenberger, President and CEO of 170 Systems. "Unique in its capabilities, 170 MarkView solves the dual, and often contrasting, pain points of CFOs needing to reduce operating costs while simultaneously strengthening internal controls. Enterprises that participated in the study realized financial benefits with ROI in the triple digits and improved corporate governance."

The Gantry Group found that 170 MarkView generated an average three-year ROI of 332 percent, or $1.9 million, with an average payback of 7.4 months. 170 Systems' solution had a direct impact on customers' bottom lines, driving tangible ROI in three categories of savings, including:

Increased Productivity: With the implementation of 170 MarkView, the customers interviewed showed a reduction in A/P staffing costs, overtime and the elimination of cost for temporary staff.
Cash Management Savings: Companies in the study experienced an average cost savings of more than $1.6 million due to improvements in their ability to manage cash. These improvements were a result of increased capture of early payment discounts; reduced late payment penalties; reduced duplicate payments and instances of overpayments; improved payment terms and lower audit recovery fees.
Operational Cost Reductions: The 170 MarkView solution enabled the customers to significantly decrease enterprise-wide operational costs with its ability to eliminate the need for overhead expenses. Categories that realized positive cash flow savings included document transport, storage and annual auditing.

"The return we have received from our investment in the 170 MarkView solution has exceeded our expectations," said Russ Lane, Director of Accounts Payable at Kerr-McGee Corp., an energy and inorganic chemical company with worldwide operations and assets of more than $14 billion. "The ability to automatically manage and streamline twenty thousand monthly transactions has allowed us to significantly increase productivity. We had a rapid return on our investment, strengthened our internal controls, and our A/P processes are now efficient and cost-effective."

Customers in the study cited several key benefits of 170 MarkView that enabled them to gain a quantifiable ROI. Unlike other loosely-integrated solutions that address only part of the A/P process, 170 MarkView streamlines all of the financial business processes within A/P. Through its unique combination of imaging, business process automation and ERP integration technologies, 170 MarkView provides intuitive access to all invoice-related information, as well as increased speed, visibility and control over all aspects of the A/P operation.

"In collecting, measuring and analyzing the metrics around customers' 170 MarkView deployments, we have determined that the solution delivers significant, tangible value," said Dale Troppito, founder and Principal of the Gantry Group. "Equally important to the return on investment is the speed with which it is delivered. With a payback period of just over seven months, customers are able to quickly and positively affect their bottom lines. The 170 MarkView solution is a critical enabling technology capable of delivering significant ROI in an increasingly complex business environment. "

About the Study
The Gantry Group conducted an objective study that examined the key ROI value drivers and areas of cost savings, realized through the adoption and deployment of the 170 MarkView for Accounts Payable solution. Interviews were based on systematic collection of specific, quantitative business metrics concerning the deployment of 170 MarkView and served as the basis for ROI calculations. Customers in the ROI study were from a variety of industries including telecommunications, energy, information services, information technology and healthcare. Enterprise size ranged from annual revenues between $484 million and $6 billion.

About Gantry Group
The Gantry Group is the only management consulting firm specializing in technology ROI. The Gantry Group's ROI impact analyses are validated by primary market research to ensure accurate capture of the real value drivers and costs. With over 200 technology clients, 3,000 business process interviewers and profiles in their knowledge base, and more than 1,000 ROI business processes and value drivers modeled, Gantry offers its clients the greatest depth and breadth of ROI experience and invaluable objectivity. Since 1997 The Gantry Group has provided ROI Calculators, Benchmark Studies, White Papers, Case Studies and ROI Sales Training Materials for hundreds of technology companies in healthcare, financial services, mobile/wireless and business process optimization. Gantry Group's client list of technology vendors includes leading IT vendors such as PeopleSoft, McKesson Health Solutions, Thomson Media, palmOne, Xerox, Politzer & Haney, and Best Software. For more information on The Gantry Group and the services we provide visit www.gantrygroup.com

About 170 Systems
170 Systems, Inc. is the leading global provider of software products and services that capture and manage all of the information associated with core financial functions, transforming them into consistent, automated, "best practices" business processes that ensure sustainable compliance. Combining best-of-breed business process automation and imaging technologies, the 170 MarkView solution provides seamless integration with ERP systems, including the Oracle E-Business Suite and PeopleSoft Financial Management, resulting in significant cost reduction, improved efficiency and enhanced visibility for enterprises.

170 MarkView is deployed by Global 1000 enterprises across a wide range of industries in more than 40 countries. For more information about 170 Systems, please call 1-800-788-6170, +1-781-743-1900, +44 0208 610 6009, or visit http://www.170systems.com.