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Exit

Acquired byKofax
Price$43M
Date9/2009

General Information

Offices

HQ
36 Crosby Drive
Bedford, MA, 01824
USA

Funding

TOTAL $14M
FUNDING TOTAL $14M
Series A, 4/2002
Polaris Partners
$14M

Tags

170 Systems

170 Systems is the leading provider of complete software solutions that automate and optimize Financial processes for the world’s largest and most ambitious Finance organizations. The company’s customers include Bank of Montreal, British Telecom, ConAgra, France Telecom, Juniper Networks, Plains All American, Reader’s Digest, Sandia National Laboratories, Select Medical, Thomson Reuters, University of Pennsylvania, and Verizon Wireless.

The company’s flagship product , the 170 MarkView® Financial Suite, is a complete, proven Financial process automation solution for Accounts Payable (AP), Expense Management, Procurement, Accounts Receivable, General Ledger, Asset Management, Project Re-Billing and Human Resources. Certified with Oracle e-Business Suite and SAP ERP, 170 MarkView provides real-time Oracle and SAP integration, leveraging the ERP’s approvals and validations - without risk of data duplication. At the same time, all 170 Systems’ offerings employ best practice workflows, advanced capture technologies such as OCR and interfaces appropriate for each type of user: AP processor, line-of-business manager, Finance manager and supplier.

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Screenshots

170 Systems screenshot
Above: 170 Systems Screenshot -- #1
Uploaded: 10/16/09

Sources

  1. Citation Needed [add]
  2. 170 Systems, Inc., A Provider of Enterprise Software for Streamlining Business Processes, Secures $14 Million in Series A Funding from Polaris Venture Partners (170systems.com) [edit]
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Last Edited 5/26/13

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