TEL AVIV, Israel and PLANO, Texas, June 16, 2016 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, today announced that its eFLOW® AP 5.2 solution has achieved SAP-certified integration with SAP NetWeaver® running on the SAP HANA® platform. Proven to interoperate with SAP® ERP running on SAP HANA, the end-to-end automated invoice-processing solution includes components that are located inside the SAP application itself. This means familiar interfaces for users of the software, and easy retrieval and validation of data from SAP solution components. This can result in higher return on the existing investment in SAP software, in addition to lower invoice processing costs and increased invoice visibility and transparency.
The components in eFLOW AP (eFLOW Control and eFLOW Resolve) are add-ons complementary to SAP software that integrate into the SAP Netweaver Application Server (SAP NetWeaver AS) component to deliver invoice data capture and a highly automated workflow solution for vendor invoice processing. The solution handles requirements such as automatic posting, automatic line-item matching and automatic workflow routing for exception handling and approval. Maximum straight-through invoice processing means increased speed and accuracy of invoice handling through elimination of manual steps.
The SAP Integration and Certification Center (SAP ICC) has certified that eFLOW AP 5.2 integrates with SAP NetWeaver AS on SAP HANA using an ABAP® add-on deployment on SAP HANA for SAP ERP, and resides inside its own dedicated namespace within SAP ERP.
“We are thrilled to announce that eFLOW AP has reached this certified integration with SAP NetWeaver,” said Carsten Nelk, Chief Technology Officer for Top Image Systems. “TIS offers a complete accounts payable automation solution for organizations using SAP ERP as their financial accounting application. The ability of eFLOW AP to interoperate with SAP NetWeaver powered by SAP HANA delivers undoubtedly a highly streamlined way to process invoices in SAP ERP, automating the process from inside the familiar SAP software environment and providing the best possible user experience.”
SAP, SAP NetWeaver, SAP HANA, ABAP and all SAP logos are trademarks or registered trademarks of SAP SE in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.
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.
Top Image Systems 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.