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Oracle On Demand Now Integrates E-Invoicing and Imaging into Financial Solutions

Oracle On Demand customers can now rapidly extend their Oracle financials solutions to include the 170 MarkView Financial Suite, a set of products from 170 Systems that integrates unstructured content such as paper, faxes, spreadsheets, and e-mail into key finance processes, from accounts payable to asset management.

"Because our products are already deeply integrated with Oracle E-Business Suite and PeopleSoft Enterprise financial applications, On Demand customers can simply 'turn on' our solutions as needed," explains Karl Büttner, chairman and chief technology officer of 170 Systems, Inc.

“Since Oracle provides the hardware and manages the database platform on which 170 MarkView Financial Suite runs, this solution is powered by Oracle On Demand,” says Büttner.

The 170 MarkView Financial Suite integrates all unstructured content associated with a given transaction--paper, fax, electronic data interchange (EDI), electronic invoices, spreadsheets and e-mail--directly into Oracle E-Business Suite and PeopleSoft Enterprise financials applications.

The result: On Demand customers strengthen internal controls, lower transaction costs, promote adoption of self-service solutions, and enable e-invoicing.

Lowering the Cost of Compliance
By automating the integration of unstructured content, the 170 MarkView Financial Suite lowers costs even as it reduces the risks inherent in dispersed, paper-based systems.

And internal controls guarantee segregation of duties for each transaction.

"We turn core financial functions into self-documenting, Sarbanes-Oxley-compliant processes with comprehensive audit trails and real-time monitoring," says Büttner.

The 170 MarkView products also shrink transaction costs and timelines, thanks to automatic routing of each transaction and its associated information to the appropriate individual for review, coding, and approval.

And by automating processes and bringing them online, the 170 MarkView Financial Suite enables self service as well as real-time audit capabilities.

"The beauty of this partnership is that our products are in tight coordination with Oracle financial application products and live on Oracle On Demand," Büttner adds. "That means customers get all these benefits of the software with simplified, proven integration and with a single point of accountability for the management of their solutions.”

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