BNET Industries
Last Fiscal Year Sales:$17.5M
- Private
- US
Dow Jones Description
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 British Telecom, Juniper Networks, Orange (a division of France Telecom), Plains All American, Reader's Digest, Reuters, Sandia National Laboratories, Select Medical, TUI AG, University of Pennsylvania, and Verizon Wireless. The company's product line, the 170 MarkView Financial Suite, is a best practice financial process automation solution for Accounts Payable, Expense Management, Procurement, Accounts Receivable, General Ledger, Asset Management, Project Re-Billing and Human Resources. Certified with Oracle e-Business Suite, PeopleSoft Enterprise Applications and SAP ERP, 170 MarkView taps the power of the ERP for all processes, using best practice workflows that leverage the ERP's approvals and validations - without risk of data duplication - and employs user interfaces appropriate for each type of user: AP processor, line-of-business manager, finance manager and supplier. Tightly integrated with the ERP system, 170 MarkView Financial Suite extends the ERP's functionality through use of consistent business processes and best practice workflows.
President and CEO
David EllenbergerNumber of Employees 174
Peer Companies
NAICS Code Computer and Software Stores: 443120
News & Analysis
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170 systems inc. - All News and Analysis
The Hackett Group Reviews Best Technologies for Capturing Accounts Payable Invoices in 170 Systemsâ?? On-Demand Webcast
- 2009-08-05
BEDFORD, Mass. -- 170 Systems, a worldwide leader in Accounts Payable automation, today announced the availability of an on-demand webcast, â??The Best Technology for Capturing AP Invoices Isâ?¦â??, featuring...
Finance and Shared Services Industry Expert Phil Searle Details â??Why AP Automation Failsâ?? in 170 Systems Webcast
- 2009-07-08
BEDFORD, Mass. -- 170 Systems, a worldwide leader in Accounts Payable automation, today announced the availability of an on-demand webcast, â??Why AP Automation Failsâ??, featuring Chazey Partnersâ?? Founder ...
Webinar Featuring Procure-to-Pay Expert Jon Casher and 170 Systems on Top 10 Must-Have Metrics for Managing Accounts Payable
- 2009-04-29
BEDFORD, Mass. -- 170 Systems, a worldwide leader in Accounts Payable automation, today announced that Jon Casher, one of the most respected experts in procure-to-pay operations and technology, and...
The Hackett Groupâ??s Penny Weller Featured in 170 Systems Webinar on Implementing Programs to Measure AP Performance
- 2009-04-23
BEDFORD, Mass. -- 170 Systems, a worldwide leader in Accounts Payable automation, today announced the availability of an on-demand webinar, â??How NOT to Improve AP Quality,â?? featuring Penny S....
Webinar Featuring EMC and 170 Systems to Highlight Leveraging OCR to Optimize Accounts Payable Processes
- 2009-01-27
Experts from both companies to discuss fast ROI approach to increasing speed and accuracy while lowering costs in Accounts Payable processes BEDFORD, Mass. -- 170 Systems, a worldwide leader in automating Finance processes, today announced that experts from the company and from EMC will be featured in a webinar,...
170 Systems Announces Technology and Sales Agreement with EMC
- 2009-01-20
Customers to Benefit from Integrated Best-in-Class Intelligent Capture, Enterprise Content Management and Finance Process Automation BEDFORD, Mass. -- 170 Systems, a worldwide leader in automating Finance processes, today announced it has signed a technology and sales agreement with EMC Corporation. Under the terms of the agreement, 170 Systems and...
OCR, Electronic Invoicing, EDI, Workflow, Portals: On-Demand Webinar Now Available from 170 Systems
- 2008-12-10
Industry Experts from The Hackett Group and 170 Systems Cut Through Hype and Confusion with Facts and Figures BEDFORD, Mass. -- 170 Systems, a worldwide leader in automating Finance processes, today announced the availability of an On-Demand webinar, "OCR, Electronic Invoicing, EDI, Workflow, Portals: One Size Does Not Fit...
170 Systems Introduces SupplierExpress
- 2008-11-18
Hosted self-service portal automates buyer-supplier interactions, delivers dramatically increased productivity, reduced cycle times and costs BEDFORD, Mass. -- 170 Systems, a worldwide leader in automating Finance processes, today announced the availability of SupplierExpressTM, a new web-based portal designed to reduce the significant burden that AP organizations experience in interacting...
New Aberdeen Group Report Identifies Key AP Process Strategies to Enhance Supplier Relationships and Improve Cash Flow
- 2008-10-21
Research Confirms Best-in-Class Companies Achieve Dramatically Lower Invoice Processing Costs, Greater Discount Capture and Cash Availability BEDFORD, Mass. -- 170 Systems, a worldwide leader in automating Finance processes, today announced that complimentary copies of the Aberdeen Group benchmark report entitled "The E-Payables Benchmark Series: A/P Strategies for Success" are...
170 Systems.(FINANCIAL MANAGEMENT)(Brief article)
- 2007-11-01
170 Systems announced that it will offer its flagship product line, the 170 MarkView Financial Suite, based on Oracle[R] Database 11g (see Technology Tools, October 2007, for more on Oracle's 11g release). The new performance, scalability, manageabil 170 Systems announced that it will offer its flagship...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David Ellenberger | President and CEO |
| Paul G Smith | Chief Financial Officer |
| Alex Shayan | Vice President of Product Development |
| Allen Carney | Vice President of Marketing |
| Chris Scalia | Vice President of Professional Services |
| Nord Samuelson | Vice President of Business Solutions |
| Peter Tyrrell | Vice President of Sales |
| Tony Scotto | Vice President, Product Development |
| Erich Orenchuk | Co-Founder |
| Rakesh Shukla | Co-Founder |
| Aidan Sullivan | Technical Escalation Manager |
| Allison Parker | Pr Manager |
| Pam Kukla | Pr Manager |
| Patricia Richey | Project Manager |
| Amit Shankar | |
| Dave Barrett | General Partner With Polaris Venture Partners |
| Diane Devlin | |
| Doug Kennedy | |
| Karl BA | |
| Karl BAttner | |
| Kay Messinger | |
| Pete Tyrrell | |
| Stephen Stines | |
| John Gannon | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Karl Buttner | Chairman, Co-Founder, Chief Technology Officer |
| David A. Litwack | Board of Directors |
| Jon Flint | Board Member |
| Peter Gyenes | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | President and CEO | Current |
| DataSage | President | Former |
| Data General Corporation | General Manager | Former |
| AT&T Bell Laboratories | technical manager | Former |
| Vignette Corporation | Former | |
| Ascential Software Corporation | Board of Directors | Former |
| Stanford University | M.S. in computer engineering | Former |
| University of Chicago | M.B.A. in marketing and finance | Former |
| Iowa State University | B.S.E.E. degree | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Chairman, Co-Founder, Chief Technology Officer | Current |
| Tektronix, Inc. | Software Engineer | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Chief Financial Officer | Current |
| Massachusetts Society | Board of Directors | Current |
| DataSage | Cfo | Former |
| Vignette Corporation | Developer | Former |
| Northeastern University | MS In Accounting | Former |
| Boston University | Bachelors of Science Degree | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Vice President of Product Development | Current |
| Divine Corporation | Senior Vice President, Content and Collaboration | Former |
| Rensselaer Polytechnic Institute | M.S. in Computer Science | Former |
| Quinnipiac University | B.S. in Computer Science and Math | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Vice President of Marketing | Current |
| Lotus Development Corporation | V.P. of Marketing | Former |
| NMS Communications Corporation | V.P. of Marketing | Former |
| Yale University | Bachelors of Arts Degree | Former |
Chris leads the strategy and operations of 170 Systems professional services team. Charged with creation of best practices business processes, Chris' team leads in the design, implementation, training, and support of customer solutions. He brings more than 14 years experience in ERP applications and best practices business processes. Earlier, Chris was a lead consultant with Andersen Consulting (now Accenture) Products Practice, where he focused on Oracle financial applications. Chris holds a B.A. in Economics and Organizational Behavior and Management from Brown University.
| Organization | Position | Status |
|---|---|---|
| Accenture Ltd. | lead consultant | Former |
| Brown University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Vice President of Business Solutions | Current |
| Straight Line Performance Solutions, LLC | Advisory Board Member | Current |
| Monitor Group | Former | |
| Bowdoin College | Bachelors Degrees In Economics and Mathematics | Former |
| Bowdoin College | Degrees | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Vice President of Sales | Current |
| Parametric Technology Corporation | V.P. of Sales Operations and Marketing | Former |
| University of New Hampshire | Bachelors of Science degree in Mechanical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Vice President, Product Development | Current |
| StorageNetworks | Senior Vice President of Product Development | Former |
| Idiom.Com | Senior Vice President of Product Development | Former |
| Planning Ltd. | Vice President of Development | Former |
| University of Connecticut | B.S. In Computer Science | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Co-Founder | Current |
| 170 Systems, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Co-Founder | Current |
| 170 Systems, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Technical Escalation Manager | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Pr Manager | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Pr Manager | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Project Manager | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current | |
| Services, Inc. | IT director | Former |
| Organization | Position | Status |
|---|---|---|
| Polaris Ventures Partners | general partner | Current |
| Mvalent, Inc. | Officer and Director | Current |
| 170 Systems, Inc. | General Partner With Polaris Venture Partners | Current |
| Service Integrity, Inc. | Current | |
| Mvalent, Inc. | Board of Directors | Current |
| 170 Systems, Inc. | Board of Directors | Current |
| SAFLINK Corporation | Board of Directors | Current |
| Convoq, Inc. | Board Member | Current |
| Integrian, Inc. | Board of Directors | Current |
| Single Sign On | Board of Directors | Current |
| Logmein | Board of Directors | Current |
| Logmein Free | Board of Directors | Current |
| Confluence Solutions | Board of Directors | Current |
| Calico & Company | Chief Operating Officer | Former |
| Calico Commerce | chief operating officer | Former |
| Pure Atria Software | Senior Vice President of Worldwide Operations | Former |
| Rational Software Corporation | senior vice president of worldwide operations | Former |
| Lotus Development Corporation | Vice President | Former |
| Lotus Development Corporation | general manager of worldwide federal systems | Former |
| Polaris, Inc. | General Partner | Former |
| Archivas, Inc. | Board Member | Former |
| Centra Software, Inc. | Board of Directors | Former |
| University of Rhode Island | Bs In Marketing Management | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current | |
| Supplyworks, Inc. | Manager, Strategic Procurement | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current | |
| PeopleSoft, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current | |
| Tektronix, Inc. | software engineer | Former |
| Massachusetts Institute of Technology | Bachelors of Science degree in Computer Science | Former |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| 170 Systems, Inc. | Current | |
| University of Pennsylvania | Former |
David Litwack is best known as the founder of PowerSoft and brings more than 25 years of technology leadership to mValent's board. Most recently he held senior executive positions at Novell (NOVL) where he was responsible for the development and advancement of the company's identity-driven computing strategy. Litwack joined Novell in 2002 following its acquisition of SilverStream Software, where he served as president and CEO since 1997. Prior to joining SilverStream, he served as executive vice president at Sybase following the company's acquisition of PowerSoft Corporation in 1995. Litwack was founder and president of PowerSoft, where he drove the client/server revolution with PowerBuilder, one of the most popular development tools of all time. He is a graduate of Brandeis University, where he earned a Bachelor's degree in Mathematics, and holds a Master's degree in Computer Science from Boston University.
| Organization | Position | Status |
|---|---|---|
| Mvalent, Inc. | Board of Directors | Current |
| 170 Systems, Inc. | Board of Directors | Current |
| Enterprisedb Corporation | Board of Directors | Current |
| Veracode | Board of Directors | Current |
| SilverStream Software | CEO | Former |
| Powersoft, Inc. | Founder and President | Former |
| Sybase, Inc. | Executive Vice President | Former |
| Cullinet Software | Executive Vice President | Former |
| Novell, Inc. | Senior Vice President & General Manager, Identity Services | Former |
| SilverStream Software | Co-Founder | Former |
| Novell, Inc. | Senior Executive | Former |
| eXcelon Corporation | Director | Former |
| Boston University | Master's Degree In Computer Science | Former |
| Boston University | Bachelor's degree in Mathematics | Former |
| Brandeis University | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Antenna Software, Inc. | General Partner and Chief Financial Officer, Polaris Ventures | Current |
| Polaris Ventures Partners | General Partner | Current |
| Watchfire Corporation | Director | Current |
| Antenna Software, Inc. | Board of Directors | Current |
| Wrenchead, Inc. | Director | Current |
| Centive | Board of Directors | Current |
| Coderyte, Inc. | Director | Current |
| American Institute of Certified Public Accountants | Board of Directors | Current |
| Asempra | Board of Directors | Current |
| 170 Systems, Inc. | Director | Current |
| Massachusetts Society of Certified Public Accountants, Inc | Board of Directors | Current |
| Incentive Systems, Inc. | Board of Directors | Current |
| Massachusetts Society of Certified Public Accountants, Inc | Member | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Cullinet Software | chief financial officer | Former |
| Powersoft, Inc. | chief financial officer | Former |
| Cullinet Software | vice president of administration and treasurer | Former |
| Coopers & Lybrand, L.L.P. | certified public accountant | Former |
| Polaris, Inc. | Former | |
| Powersoft, Inc. | treasurer | Former |
| Cullinet Software | treasurer | Former |
| Northeastern University | BA In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Polaris Ventures Partners | Co-Founder and Managing General Partner | Current |
| Polaris Ventures Partners | co-founder | Current |
| 170 Systems, Inc. | Board Member | Current |
| Burr, Egan, Deleage & Co. | partner | Former |
| Polaris, Inc. | Former | |
| Allaire Corporation | Investor | Former |
| CenTra, Inc. | Investor | Former |
| Conductus, Inc. | Investor | Former |
| Solidworks Corporation | Investor | Former |
| Powersoft, Inc. | Investor | Former |
| Soapstone Networks, Inc. | Investor | Former |
| American Superconductor Corporation | Investor | Former |
| University of Virginia School of Law | JD | Former |
| Hobart and William Smith Colleges | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Vastech, Inc. | Director | Current |
| BladeLogic, Inc. | Board of Directors | Current |
| Intralinks Inc. | Board of Directors | Current |
| 170 Systems, Inc. | Board of Directors | Current |
| webMethods, Inc. | Board of Directors | Current |
| Print Solutions Magazine | Director | Current |
| Pegasystems Inc. | Board of Directors | Current |
| Invention Machine Corporation | Board of Directors | Current |
| Netezza Corporation | Board of Directors | Current |
| Nantucket Conference | Board of Directors | Current |
| VistaPrint Limited | Board of Directors | Current |
| Lawson Software, Inc. | Board of Directors | Current |
| Applix, Inc. | Board of Directors | Current |
| Marathon Technologies Corporation | Board of Directors | Current |
| Axis Computer Systems, Inc. | Board of Directors | Current |
| Data General Corporation | CEO | Former |
| Ascential Software Corporation | Chief Executive Officer | Former |
| Prime Computer, Inc. | CEO | Former |
| Ardent Inc | CEO | Former |
| Informix | Chairman & Chief Executive Officer | Former |
| Prime Computer, Inc. | President | Former |
| Ardent Inc | President | Former |
| Data General Corporation | President | Former |
| Prime Computer, Inc. | Executive | Former |
| Data General Corporation | Executive | Former |
| Ascential Software Corporation | Chairman | Former |
| Ardent Inc | Chairman | Former |
| Sophos Plc | Chairman | Former |
| Columbia University | Masters of Business Administration | Former |
| Columbia University | BA | Former |
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