170 Systems Announces Availability of its 170 MarkView for Project Re-Billing to Optimize Revenue and Profitability for Professional Service Firms.

BEDFORD, Mass. -- Newest Solution of the 170 MarkView Financial Suite Strengthens Internal Controls, Improves Customer Service and Reduces Costs

170 Systems, the leading provider of solutions that optimize financial transactions, today announced the release of 170 MarkView(R) for Project Re-Billing, the newest component of the 170 MarkView Financial Suite. Available now, this solution enables professional service organizations, including construction, systems integration and communications firms, to quickly and accurately re-bill all related project-based expenses, while providing all of the backup documentation required. Leveraging this solution, leading organizations such as Granite Services, a world leader in engineering and technical services for the power generation industry, can reduce costs, strengthen internal controls, improve cash management and enhance overall customer satisfaction.

"Service organizations are challenged to provide their customers with accurate and detailed information for all expenses, including travel and sub-contracted items," said Dave Ellenberger, CEO of 170 Systems. "With the 170 MarkView for Project Re-Billing solution, organizations can respond to this issue head-on with world-class technologies and best practices, delivering improved customer satisfaction, increased cash flow and reduced administrative overhead."

Comprised of 170 MarkView Project Management, Accounts Payable (A/P), Accounts receivable (A/R) and Expenses components, 170 MarkView for Project Re-Billing provides a 360 degree view of the project expense information for all relevant parties and automates the re-billing process. Similar to the other solutions of the 170 MarkView Financial Suite, the Project Re-Billing functionality seamlessly integrates with an organization's enterprise resource planning (ERP) system, enabling the company to further leverage its previous technology investments and assuring rapid adaptation of optimized processes.

"Our implementation of the Oracle system exacerbated the challenges that our paper-based financial processes were already presenting to our organization," said Amit Shankar, Director of IT at Granite Services, Inc. "The seamless ERP integration and unique capabilities of the 170 MarkView for Project Re-Billing solution have enabled us to eliminate those issues, resulting in improved client satisfaction, increased accuracy and reduced costs."

By leveraging the 170 MarkView for Project Re-Billing solution, professional service organizations can:

--Streamline the expenditure-to-cash process, decreasing the administrative overhead required to invoice project expenses;

--Reduce days sales outstanding (DSO), increasing cash flow;

--Eliminate costs associated with document transport, physical storage space and clerical time required looking for lost or misfiled documents, ultimately lowering administrative costs;

--Improve control and compliance, reducing financial risk and addressing regulatory initiatives such as Sarbanes-Oxley;

--Enable self-service capabilities for clients, improving customer satisfaction; and

--Optimize the re-billing process, increasing revenue and margins.

The 170 MarkView Financial Suite provides Global 1000 financial executives with visibility and control over all core financial functions, including A/P, procurement, A/R, expenses, fixed assets (FA), general ledger (GL), asset management and project re-billing. With this solution, 170 Systems provides a global end-to-end streamlined solution, increasing service-level responsiveness to internal and external customers, while extending cost savings through gained efficiencies.

For pricing information, call 1-800-788-6170 or 1-781-743-1900.

About 170 Systems

170 Systems is the leading provider of software solutions that optimize financial transactions, ensuring cost-effectiveness, timely processing and the strengthening of internal controls, aligning the finance organization with the company's business goals. Proven in the world's largest organizations, 170 Systems' best practices solutions provide the end-to-end automation of financial transactions, including Procurement, Accounts Payable, Accounts Receivable, Expense Management, Assets, and General Ledger. The 170 MarkView solution is seamlessly integrated with ERP systems, including Oracle E-Business Suite and PeopleSoft Enterprise Applications, and it is deployed across a wide range of industries in more than 40 countries.

For more information about 170 Systems, please call 1-800-788-6170, [phone], [phone], or visit http://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.