Equant Honored as InfoWorld 100 Winner for Implementation of 170 Systems' Financial Management System

Business Wire, Nov 14, 2005

BEDFORD, Mass. -- Leveraged ERP-Integrated Solution to Optimize Financial Processes in Shared Service Centers, Reduce Costs and Strengthen Internal Controls

170 Systems, Inc., the leading provider of solutions that optimize financial transactions, today announced that its customer Equant, a subsidiary of France Telecom and a recognized leader in providing multinational companies with data and IP networking and integration services, was selected among an elite list of companies for the 2005 InfoWorld 100 awards. The annual awards program honors IT projects that demonstrate the most creative use of cutting-edge technologies to further their business goals.

Equant was chosen in the telecommunications category for its exceptional end-to-end financial management system, powered by the 170 MarkView(R) Accounts Payable (A/P) solution from 170 Systems. The 170 MarkView solution, seamlessly integrated with Equant's Oracle Financials system, enabled the company to streamline financial processes within its shared service centers by providing intuitive access to all invoice related data. As a result, Equant has experienced reduced costs, improved cash management and strengthened internal controls.

"Our ultimate goal was to have world-class shared service centers to support our business. In order to achieve this objective, we realized a need to improve our global workflow, manage documents in accordance with local regulations and develop audit trails of our A/P approvals, even when they involved signatures from personnel in remote locations," said Patricia Richey, project manager of finance, Equant. "170 Systems has helped us to achieve this goal through the use of its best-of-breed technology and best practices. Our selection for the InfoWorld 100 validates this success."

Every year, InfoWorld magazine names 100 companies that have made the best use of information technology to meet their business and technical objectives. Winners were formally announced in the November 14, 2005 edition of InfoWorld and are available online at: http://infoworld.com/3573.> About Equant

Equant is a recognized industry leader in global communications services for multinational businesses. Equant combines its network expertise with its expanded services capabilities to provide global, integrated and customized communication services to enable its customers' key business processes. Equant serves thousands of the world's top companies, with the industry's most extensive portfolio of communications services and network solutions, including the market-leading IP VPN used by nearly 1,300 global businesses. Equant, a subsidiary of France Telecom, consistently leads industry surveys in corporate user satisfaction.

About 170 Systems

170 Systems is the leading provider of software solutions that optimize financial transactions, ensuring cost-effectiveness, timely processing and the strengthening of internal controls, aligning the finance organization with the company's business goals. Proven in the world's largest organizations, 170 Systems' best practices solutions provide the end-to-end automation of financial transactions, including Procurement, Accounts Payable, Accounts Receivable, Expense Management, Assets, and General Ledger. The 170 MarkView solution is seamlessly integrated with ERP systems, including Oracle E-Business Suite and PeopleSoft Enterprise Applications, and it is deployed across a wide range of industries in more than 40 countries.

For more information about 170 Systems, please call 1-800-788-6170, 1-781-743-1900, 44 0208 610 6009, or visit http://www.170systems.com.

Trademarks

170 Systems and 170 MarkView are trademarks of 170 Systems, Inc. All other trademarks are the property of their respective owners.