Expense management.

170 Systems Inc., a provider of document management and business process management software for Global 1000 enterprises, has announced the new 170 MarkView[TM] Expense Management solution, which automates the management of expense receipts. Companies using it can add additional value to their existing ERP investments, the provider says, and further streamline their critical accounting applications by saving on processing time, document transport, document storage and audit costs.

The 170 MarkView Expense Management solution integrates with Oracle Internet Expenses and Oracle Payables. By providing the automatic capture of receipts via bar code, the solution enables employees, managers and accounts payable specialists to intuitively access receipts online from within the familiar Oracle interface. Delays and costs associated with routing paper receipt documents around the enterprise for manager approval are eliminated.

Accounting departments can quickly review online receipts without having to locate the paper documents, saving resources and speeding up the accounting and auditing processes, 170 Systems says. The solution includes support for all expense process features, including manager approval, accounts payable review, re-submission, short pay, rejection and audit.

By bringing the entire expense process online, 170 MarkView Expense Management enables users to review the receipts they have submitted when tracking the status of active and past expense reports. The application attaches the expense receipts to the invoice created when the expense report is imported into Oracle Payables, enabling accounts payable departments to quickly locate and review receipts after reimbursement, perhaps as part of an audit.

This ensures added compliance with new accounting regulations and eases the audit process by eliminating potential liabilities associated with receipt handling, routing, filing, retrieval and review. Lastly, the 170 MarkView Expense Management solution allows administrators to monitor the volume of expense reports in the system and their individual status.

Cambridge, Mass.-based 170 Systems says 170 MarkView[TM] is designed to leverage and extend the functionality of existing enterprise applications, such as ERP/Financials, SRM, Procurement, Order Management, HR and more. The system's document recognition capabilities also allow organizations to bring all of their information into their enterprise regardless of original format or input source, including electronic (EDI, XML, etc.) or traditional paper-based documents.

Web: www.170systems.com