170 Systems Named a Leader in Comprehensive AP-EIPP Report by Independent Research Firm

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June 19, 2008

BEDFORD, Mass., June 19 /PRNewswire/ — 170 Systems, a worldwide leader in automating finance processes, today announced that the company has been named a Leader in the June 2008 Forrester Wave(TM): AP-EIPP, Q2 2008.After evaluating products from 10 vendors across 78 criteria, Forrester concluded that 170 Systems’ “differentiating strength is in selling a complete solution of preconfigured workflows that incorporate the company’s knowledge of AP best practices — ideal for Oracle and SAP customers seeking a prescriptive implementation approach or a better user experience.” Forrester evaluated the 170 MarkView Financial Suite.”We are pleased that this extensive research has recognized 170 Systems’ position as a leader in this dynamic market, and that Forrester has provided a credible framework for organizations seeking solutions,” said Dave Ellenberger, 170 Systems’ President and CEO. “With the economic pressures facing businesses of all sizes, investing in AP-EIPP applications can have an immediate and material impact on operational costs, freeing up working capital to invest in other areas of the business. Our customers are successfully using 170 Systems’ solutions to dramatically decrease their invoice processing costs, increase service levels and improve overall finance costs.”According to the Forrester report, “AP-EIPP products streamline the invoice-to-pay (I2P) process by receiving invoices directly from supplier’s systems, automatically validating them against supporting documents such as purchase orders (POs), and loading them into payment systems, ready to be paid.” The report continues, “The value proposition is compelling — the best AP-EIPP products deliver operational savings, error reduction, and higher early-payment discounts. The clear, demonstrable benefits and the large available market … are driving rapid market growth of 33% per year.”About 170 Systems170 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 .Trademarks170 Systems and 170 MarkView are trademarks of 170 Systems. 170 Systems

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