LAS VEGAS, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced today that building on its global installed base of customers processing more than 260 million invoices annually, the Company will be showcasing its next generation accounts payable solution at the APP2P Conference in Las Vegas. Attended by over 550 financial operations professionals, the Conference provides an ideal forum for further increasing visibility for the Company’s end-to-end accounts payable solutions that deliver powerful data extraction and validation, workflow, mobile capabilities and flexible deployment options.
SAP-certified integration with SAP NetWeaver® running on the SAP HANA® platform delivers an end-to-end automated invoice processing solution seamlessly integrated inside the SAP application itself. This means AP staff has a single point of access within a familiar interface to manage supplier invoices from the stage of invoice capture and through extraction, validation, matching, automatic posting, exceptions resolution, approval and payment, as well as to access real-time reports that identify process bottlenecks and monitor performance.
The cloud-based accounts payable automation solution is designed for organizations that plan to migrate to cloud ERP or to implement a hybrid cloud solution where supplier invoices are captured in the cloud and integrated with on-premise ERP platforms. The cloud-based accounts payable solution includes capture, extraction, validation and matching of data, automated posting, data completion, invoice validation, approval and payment, all coupled with a highly scalable cloud-based archive that provides instant access with state-of-the-art cybersecurity to purchase orders and related documents.
“Accounts payable automation has become a strategic investment priority for enterprises to reduce transaction costs, facilitate supplier discounts, identify spending patterns and maximize returns on invested capital,” commented Brendan Reidy, President, Top Image Systems. “In today’s intensely competitive business climate, organizations are required to do more with fewer resources. Our accounts payable solutions are designed to provide flexible on-premise, hybrid and public cloud deployment options that enable organizations to work the way they want to work.”
Visit us at the APP2P Conference in booth #515 to learn more about our end-to-end accounts payable automation — on-premise and in the cloud. Find out more about our automated accounts payable solutions on our website at https://www.topimagesystems.com.
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a global innovator of on-premise and cloud-based applications that optimize content-driven business processes such as procure to pay operations, remittance processing, integrated receivables, customer response management and more. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications, transforming information entering an organization into useful and accessible electronic data, delivering it directly and efficiently to the relevant business system or person for action with as little manual handling as possible. TIS’ 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.