170 Systems Awarded Contract from Tetra Tech to Deploy 170 MarkView(R) Financial Suite; Global Consulting Service Leader to Leverage ERP-Integrated Solution to Optimize Financial Processes and Reduce Costs.BEDFORD, Mass. -- 170 Systems, the leading provider of solutions that optimize financial transactions, today announced that Tetra Tech, Inc., a leading provider of specialized management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and technical services in the areas of resource management and infrastructure, will deploy the 170 MarkView Financial Suite throughout its organization. By leveraging the solution's accounts payable (A/P A/P Airport A/P Accounts Payable A/P Advanced Placement (education) A/P Anterior/Posterior A/P Active/Passive A/P Assessment & Plan (medical) A/P Automatic Pilot A/P Aircrew Personnel ), expenses and project re-billing functionality, the professional service firm will be able to capture and manage information assets online, while seamlessly integrating this content with the company's 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. . Combined, these capabilities will enable Tetra Tech to optimize its financial transactions, resulting in improved client service and increased efficiency. "Streamlining financial business processes is core to our strategy to improve customer responsiveness and increase earnings," said Craig Christensen, Vice President of Finance and Enterprise Systems of Tetra Tech. "We chose the 170 MarkView solution for its tight integration with Oracle Financials and its unique project re-billing capabilities, which will enable us to keep billable resources focused on delivering revenue." "We are pleased that the 170 MarkView Financial Suite will be an integral part of this initiative to streamline Tetra Tech's financial and business processes," said Dave 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. of 170 Systems. "By leveraging our solution, leading organizations such as Tetra Tech can provide comprehensive project expense information to their customers, enabling them to reduce inquiries, shorten payment cycles and increase revenue." 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 The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , Accounts Payable, Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , Expense Management, Assets, and General Ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. . The 170 MarkView solution is seamlessly integrated 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, 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, +1-781-743-1900, +44 0208 610 6009, or visit http://www.170systems.com. About Tetra Tech (www.tetratech.com) Tetra Tech is a leading provider of consulting, engineering and technical services. With over 7,000 associates located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally, the Company supports commercial and government clients in the areas of resource management and infrastructure. Tetra Tech's services include research and development, applied science and technology, engineering design, program management, construction management, and operations and maintenance. Trademarks 170 Systems and 170 MarkView are trademarks of 170 Systems, Inc. All other trademarks are the property of their respective owners. |
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