Genpact & 170 Systems Announce Global Alliance to Deliver Powerful Solutions for Oracle(R) E-Business Suite Customers

NEW YORK, and BEDFORD, Mass., Oct. 10 /PRNewswire/ -- Genpact, a global provider of high-quality business and technology services, and 170 Systems, a leader in optimizing financial processes for the world's largest companies, announced today that they have formed a strategic global alliance to jointly provide powerful and rapid Oracle deployment solutions for Oracle(R) E-Business Suite customers. Under the alliance, Genpact will integrate its Appready(SM) platform with 170 Systems' 170 MarkView(R) Financial Suite to provide Oracle-based Global 2000 businesses with best-of-breed finance solutions.

Genpact's Appready(SM) platform is a complete suite of rapid Oracle deployment solutions that includes business processes, integration software, conversion tools, training courses, testing scripts and third-party products and can be tailored to multiple industries including manufacturing, service industries, and financial services. Genpact, a Certified Partner in the Oracle PartnerNetwork, is one of the world's largest Oracle E-Business solutions providers.

Under this new agreement, Genpact customers can take advantage of optimized, best-in-class business processes for Accounts Payable, Accounts Receivable and other finance functions with reduced implementation times, deployment risks, and costs and the knowledge that 170 Systems is an Oracle Certified Advantage Partner.

"Partnering with clients who rely on us to process over six million invoices a year, we conducted a rigorous, nine-month, Six-Sigma-based review of available software products to meet their requirements and determined that 170 Systems' Markview Suite is the best solution for our Appready(SM) platform," said Steve Jolly, vice president of Oracle solutions at Genpact. "With more than 3,000 associates specialized in the Oracle E-Business Suite practice, we are excited that this alliance will further strengthen and expand our offerings to deliver business impact to global customers across multiple industries."

The global alliance includes the development, co-marketing and resale of pre-built solutions to Oracle E-business Suite customers.

"As one of the big three finance and accounting outsourcers, Genpact has built a strong reputation as a thought leader in the Oracle E-Business marketplace and we're delighted to extend their offerings with the 170 MarkView product line, the gold standard for transforming Global 2000 financial processes," said Dave Ellenberger, president and CEO of 170 Systems. "With Genpact's expertise in guiding clients through the business transformations involved in outsourcing critical business functions, we are confident that this new partnership will deliver tremendous value for both our existing customers and new Oracle customers looking to rapidly deploy pre-built global solutions."

The 170 MarkView Financial Suite, comprising software solutions for procure-to-pay, order-to-cash and general accounting for Global 2000 organizations, automates and standardizes financial processes to help finance departments reduce costs, strengthen internal controls and compliance, and improve service levels. Tightly integrated with leading ERP systems, the 170 MarkView Financial Suite embeds best practices in financial processes, transforming multi-step, multi-person tasks into highly efficient workflows with as few as five steps, and delivers a measured three-year return on investment of 330 percent with a payback period of 7.4 months.

About Genpact:

Genpact drives process improvements to help global enterprises improve their revenue, margins, speed, and customer relationships. Principally owned by GE, General Atlantic, and Oak Hill Capital Partners, Genpact has 25,000 highly skilled associates specialized by industry (banking/finance, insurance, manufacturing, transportation, automotive, and business services) and by the impact areas they serve (finance & accounting, sales & marketing analytics, customer service, financial services collections & operations, supply chain & procurement services, aftermarket services, information technology services, and enterprise application services & program management). With a direct sales network spanning Europe, North America and Asia, Genpact has operations centers across India as well as in China, Hungary, the Philippines, Poland, Romania, the United States and Mexico. For more info: http://www.genpact.com/

About 170 Systems:

170 Systems is the proven leader in software solutions that optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide. For more info: http://www.170systems.com/

About the Oracle PartnerNetwork:

Oracle PartnerNetwork is a global business network of 17,700 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer to their customers, leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels.

Trademarks:

Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates.

  FOR MORE INFORMATION, CONTACT:

  David Jensen - Genpact              Michiko Morales (For Genpact)
  david.jensen@genpact.com            mmorales@stantoncomm.com
  1 203 325 8676                      1 202 223 4933
  1 203 252 8562

  Allison Parker -- 170 Systems
  aparker@170systems.com
  1 781 743 1991