TEL AVIV, Israel, Sept. 9, 2009 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document recognition, announced today that its eFLOW Invoice Reader solution was selected by Cetelem to automate and increase the efficiency of their supplier invoice process.
Cetelem, a subsidiary of the BNP Paribas Group, is leader in the consumer credit market in Spain. TIS competed against the main solution providers in the market and ultimately won the technological benchmark. Cetelem concluded that eFLOW Invoice Reader was the superior solution, with the best customer support service, at a competitive price.
The eFLOW Invoice Reader will help Cetelem accurately process all their supplier invoices on a daily basis, while effectively integrating with the Microsoft Dynamics-NAV ERP they currently use. Implementing eFLOW Invoice Reader in just one month has allowed Cetelem to run their business more efficiently, enabling them to cut costs in this turbulent economy. Overall, eFLOW Invoice Reader has enabled transparency across Cetelem's accounts payable department as well as other processes, creating a smoother, better managed process.
Mr. Omri Gelb, Executive VP commented, "Winning the Cetelem account is part of a series of continuous success and further strengthens our position in the banking vertical and European market in general. We look forward to helping the Cetelem improve their invoice processing workflow as well as helping the Spanish division develop a strong partnership with the BNP Paribas Personal Finance Group. Other financial institutions are following close behind. Once again our high standard for quality, superior service and swift implementation has enabled us to outperform our competitors."
About Cetelem Spain
Cetelem bank experts in consumer credit and personal credit activities. It was established in Spain at 1988 and has more than 1.000 staff members. During these years, Cetelem has increased its activity, winning a leadership position in the Spanish market. for more information: www.cetelem.es
About Top Image Systems
Top Image Systems (TIS) 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.