TEL AVIV, Israel, Nov. 26, 2008 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document recognition, and Medius AB, the leading full service provider of process-related IT support, announced today an extended European wide technology and sales alliance.
Through this partnership, customers are provided with an efficient automated financial capture solution for invoices and purchase orders, from purchase to payment, which reduces processing costs. TIS's eFLOW solution offers automated data capture capabilities for all incoming information, including supplier invoices, checks, purchase orders and related documents while Medius's workflow product, MediusFlow(tm), captures and manages financial information and integrates it seamlessly with customers' enterprise resource planning (ERP) systems. Collectively, the eFLOW and MediusFlow solutions provide customers with complete EDI capabilities. The combination of these complimentary technologies offers a compelling solution for customers that are looking to further leverage their investment in their ERP systems.
Dr. Ido Schechter, CEO of TIS, commented, "Medius's cutting-edge expertise combined with being a Microsoft Gold Certified Partner company makes this partnership ideal. Medius's workflow product, MediusFlow(tm), combined with eFLOW will enable us to provide our customers with a complete end-to-end solution. Our focused partnership with Medius strengthens TIS's offering in the accounts payable segment and better positions us within the European marketplace. We view Medius as an extension of our own business and will work closely to continue to provide our customers with superior quality and functionality."
Further, Medius will offer TIS solutions and support to its customers, and both companies will collaborate to develop new features based on their combined customer feedback.
"Our robust integration with TIS's eFLOW solution creates a high-performance product line that our clients will be able to utilize, increasing their productivity and perfecting their overall workflow," commented Per Nordling, CEO of Medius. "TIS's vast understanding of data capture and workflow systems along with their deep understanding and strong presence in the European market will enable us to offer our clients a complete solution as we work together to expand our market reach."
About Medius AB
Medius is a Microsoft Gold Certified Partner, full service provider of process-related IT support. Medius provides cutting-edge expertise within the domain of business systems. Medius own workflow product, MediusFlow(tm), deals with those complex processes that many business have difficulties handling. Medius's core values are quality, simplicity and commitment to their customers. Medius's solutions can be found at clients such as: Vaderstad, Unilever, SAAB Aerotech, Finnveden, and The Body Shop. Please visit www.medius.se for more information.
About Top Image Systems
Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.
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