Press Releases
170 Systems Announces Major New Version of 170 MarkView Financial Suite for the SAP ERP System
New Release Enriches Accounts Payable and Purchasing Users' Experience
Bedford, MA., April 29, 2008 - 170 Systems, a worldwide leader in automating finance processes, today announced major enhancements to the 170 MarkView Financial Suite, including the 170 MarkView Console, designed to improve SAP ERP system users' day-to-day productivity.
The new 170 MarkView Console incorporates 170 MarkView directly into the SAP workspace giving Accounts Payable (AP) and Purchasing users a single, integrated environment inside of SAP where they can perform their AP tasks with direct access to the real-time SAP data for all transactions. With this enhanced integration, all pertinent details from both SAP and 170 MarkView -- invoice image, workflow history, reasons for blocks (e.g., quantity, price or quality) -- are consolidated into a single screen so that users have live access to all essential information without any change of context.
This new release also includes support for SAP 6.0, NetWeaver Application Server, SAP iViews, and BEA WebLogic server. With iViews, 170 MarkView enables line-of-business approvers to access their approvals queue in SAP's portal environment, giving them the option of participating in the process via the SAP interface or a traditional web browser. Invoice rendering -- creating an invoice facsimile from electronic data -- so that AP staff or general business approvers can work with a traditional "paper invoice" metaphor is supported, as well.
"Numerous ERP clients are considering extending their investments to cover more of the invoice-automation process so that they can maximize organizational efficiency and use of staffing resources," said John Van Decker, Research Vice President, Gartner, Inc., the world's leading information technology research and advisory company. "This pattern speaks to organizations' ongoing need to further reduce operational costs in Finance and Operations in order to use those resources more strategically in other aspects the core business."
"SAP Financials clients have adopted 170 Systems' suite of financial applications because they combine best practices with a highly scalable architecture that complements, leverages and extends the ERP to deliver highly efficient and effective finance processes," said Dave Ellenberger, President and CEO of 170 Systems. "Now, users have a seamless experience in the industry-leading financial process automation application -- the only solution that does not duplicate ERP data or logic."
Figure 1. -- The 170 MarkView Console is fully integrated into the SAP user's environment.
About 170 Systems:
170 Systems develops best-of-breed financial process applications that are the foundation for world-class Finance operations in onshore, offshore, centralized and shared services organizations. Designed to complement the ERP's transactional core, 170 MarkView automates end-to-end financial processes with consistent best practices that leverage the latest capture technologies (imaging, OCR, e-Invoicing and others), reducing operational costs, improving speed, visibility, quality and enforcement of internal controls, while providing the best user experience for all participants in Finance processes (AP processors, line-of-business approvers and Finance Managers). Applications in the 170 MarkView Financial Suite include Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing.
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.
