TEL AVIV, Israel and PLANO, Texas, June 20, 2016 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (NASDAQ:TISA) a global innovator of intelligent content processing solutions, announced today that a mid-sized road construction and civil engineering company operating 9 sites across Switzerland has signed a deal with Top Image Systems to upgrade as an early adopter to eFLOW AP for SAP to improve their end-to-end AP automation solution.
The combination of exceptionally flexible and powerful automation functionality along with an immersive environment that lets the users process invoices from inside SAP throughout the entire process chain were the key differentiators that persuaded this customer that processes 130,000 invoices annually to choose eFLOW AP; other factors included the solution’s superior user interface, flexibility and ease of use. Moreover, the new solution is able to meet the customer’s requirements using only “out of the box” product features.
“Top Image Systems is very pleased to receive a vote of confidence for eFLOW AP for SAP from this longstanding customer. We see growing demand for powerful yet easy to use end-to-end Accounts Payable automation solutions from companies of any size,” remarked Michael Schrader, CEO, Top Image Systems. “The superior technology of eFLOW AP for SAP enables better cash flow visibility, improved spend management, fewer exceptions, higher accuracy and rapid reconciliation – giving our customers’ Financial teams the tools they need to best control their businesses.”
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS’ flagship eFLOW platform and diverse business process and mobile image processing solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.
Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects,", "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.