170 Systems Announces Sponsorship of Aberdeen Group's Latest E-Payables Solution Selection: 2007-2008 Guide to A/P Transformation
New Report Offers Practical Guidance for Finance Professionals
Bedford, Mass., October 15, 2007 - -- 170 Systems, a worldwide leader in automating financial processes, today announced its sponsorship of Aberdeen Group's latest E-Payables Solution Selection Report: Your 2007-2008 Guide to A/P Transformation. The report reviews the primary drivers in Accounts Payable transformation, key automation technologies and a solution selection framework. Complimentary copies of the report are available via a link from 170 Systems' web site (www.170systems.com).
"Aberdeen Group's ability to independently review and synthesize the drivers and challenges in AP transformation has created a valuable reference tool that should serve as a well-drawn road map for organizations embarking on this journey," said Allen Carney, Vice President of Marketing. "Our sponsorship of the report underscores 170 Systems' commitment to helping finance professionals assess the opportunities and benefits -- both financial and compliance-related -- of undertaking the AP transformation, and to ensuring that they have the essential information to successfully champion a major initiative."
"This report, which is based on our recent work with more than 500 e-payables organizations, offers actionable strategies and a solution selection framework for finance professionals looking to address the challenges present in their accounts payable organization," said Andrew Bartolini, Research Director, Aberdeen Group. "In an age where companies are in relentless pursuit of process efficiencies and cost advantages, one of our surprising research findings is the continued predominance of paper-based invoicing. We believe that a significant shift to automated invoicing processing will occur over the next 12 months and that companies who fail to address their current situation will be left behind."
In addition to outlining the impact of AP issues on the enterprise, the report guides readers through the appraisal of their organization's performance, details the advantages of the various options for AP transformation, lays out a framework for considering a project, and offers the tools for building the business case. It points out that, "While A/P automation offers compelling transaction cost savings and other strategic benefits, only one-third of all enterprises have any significant level of automation in place."
About 170 Systems:
170 Systems is the worldwide leader in automating financial processes. The company's flagship product line, 170 MarkView Financial Suite, provides best practice processes that improve the speed, visibility costs and controls of Finance operations and includes applications for Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. 170 MarkView Financial Suite is tightly integrated with the leading ERPs (Oracle, PeopleSoft and SAP), enabling organizations to manage end-to-end financial processes and enhancing the ERP's value.
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.
About Aberdeen Group
A Harte-Hanks Company, Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to AberdeenTM for insights that drive decisions. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
Trademarks
170 Systems and 170 MarkView are trademarks of 170 Systems.
