170 Systems Announces the Availability of Integrated Records Management.Business Editors/High-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 7, 2004 Records Management for 170 MarkView System Eliminates the Need for a Separate Records Management System While Ensuring Regulatory Compliance 170 Systems, Inc., a leading provider of business process management software for Global 1000 enterprises, today announced the availability of 170 MarkView(TM) Records Management, which extends the 170 MarkView system by adding integrated records management capabilities to the existing ERP-integrated document management and workflow capabilities of 170 MarkView. Designed to meet customers' records management needs, including storing and maintaining records throughout their entire lifecycles, 170 MarkView Records Management enables customers to meet advancing regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. with minimal overhead, while 170 MarkView also improves end-user processes through its seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems, such as Oracle E-Business Suite A group of integrated Internet-based applications from Oracle. Introduced in 2001 as Version 11i, it includes modules for CRM, finance, human resources, supply chain management as well as applications for business intelligence. and Oracle Financials. 170 MarkView Records Management is available immediately and has received its government certification against DoD 5015.2, a U.S. government standard for records management that is widely used throughout government and commercial businesses as a benchmark for records management capabilities. With 170 MarkView Records Management, users can store and retrieve records, browse records within a customizable filing structure and search for records using a robust search facility. It provides support for retention schedules, configurable file plans, advanced access and audit controls, and can also be configured to provide event notifications Event notification is a term used in conjunction with communications software for linking applications that generate small messages (the "events") to applications that monitor the associated conditions and may take actions triggered by events. . 170 MarkView Records Management also adds government-certified records management capabilities to the 170 MarkView system, allowing organizations to avoid the need for a separate records management system to meet regulatory compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). . "Often the information that is being processed on a daily basis as part of a streamlined business process is the same information that needs to be captured and maintained in a records management system for auditing and compliance purposes," said David Ellenberger, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 170 Systems. "With the addition of 170 MarkView Records Management to our 170 MarkView system, customers can now streamline critical business processes while securing, tracking and managing their records. This eliminates the need for a separate records management system, reducing risk, as well as saving money and critical resources." About 170 Systems, Inc. 170 Systems, Inc. is the leading provider of software products and services designed to dramatically reduce enterprise costs by streamlining the business processes of large ERP systems, such as Oracle E-Business Suite. Since 1990, 170 Systems has provided its customers with products that optimize core business functions, creating cascading cost savings. 170 MarkView is designed to leverage and extend the functionality of existing enterprise applications, for business processes including Accounts Payable, Expense Management, and Records Management, by integrating the management of the unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. including electronic (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , email, etc.) or traditional documents (paper, fax, etc.) into ERP applications. 170 MarkView is deployed by Global 1000 companies in more than 40 countries. For more information about 170 Systems, call 1-800-788-6170, +1-617-621-0900, +44 20 8323 8016, or visit www.170systems.com TRADEMARKS 170 Systems and 170 MarkView are trademarks of 170 Systems, Inc. Oracle is a registered trademark of Oracle Corporation and/or its affiliates. All other trademarks are the property of their respective owners. |
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