Press Releases

170 Systems Presents Webcasts on the Top 10 Reasons to Automate Accounts Payable Processes

Co-Founder Rakesh Shukla Explores Common AP Problems and How to Successfully Address Them with Best Practice Automation

Bedford, Mass., July 24, 2007 - 170 Systems, the leader in software solutions that automate financial processes for the world's largest companies, today announced a two-part webcast series that delves into the Top 10 Reasons to Automate Accounts Payable Processes and explores the recommended solutions.

Starting with visibility, more accurate period-end closes and many other issues such as the controls risks in paper-based processes, Rakesh Shukla, 170 Systems co-founder and AP issues expert, provides a comprehensive countdown of the common challenges facing AP departments. He also outlines the benefits of addressing them with a comprehensive automation strategy.

"The highest performing AP departments in the world are using best practice automation to reduce their costs, improve visibility and controls and significantly enhance their ability to manage cash," said Allen Carney, Vice President of Marketing at 170 Systems. "This series showcases the most frequent issues, which occur in all AP departments, regardless of industry, and highlights successful AP strategies that are used to address them. Participants will take away a better understanding of how they can tackle some of these concerns in their organizations, and the necessary materials to make their business case."

LOGISTICS:

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 and Project Re-Billing. 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 maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems 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 http://www.170systems.com.

Trademarks
170 Systems and 170 MarkView are trademarks of 170 Systems, Inc.

back to press room