TEL AVIV, Israel and PLANO, Texas, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, today announced that a cloud-based forms processing project integrated with a Salesforce® workflow has entered production at Powercor Australia, a leading Australian electricity distributor who delivers power to some 1.1 million homes and businesses in Victoria, Australia.
During a project to optimize internal processes, Powercor Australia sought to replace the manual data entry of handwritten application and service requests forms from various sources such as scanners, photos, fax and mobile processed through their Salesforce® workflow. Powercor Australia needed an automated forms processing solution that would offer on-demand OCR recognition of some 30,000 structured documents per annum.
To meet this need, Powercor Australia has purchased a cloud-based document management solution from TIS that integrates with their Salesforce® platform. Documents from external parties are sent to the Powercor Australia Salesforce system which sends them to the TIS eFLOW® Cloud solution to be captured on-demand, recognized just-in-time and to get data delivered back to Salesforce® within an SLA of 15 seconds. The TIS eFLOW Cloud Solution provided streamlines Powercor Australia’s business processes, reducing turnover time and costs.
Following the successful POC executed in late 2015, the deployment was made “cloud-ready” at the TIS datacenter in February and the overall project within Powercor Australia entered production in Q3 2016.
“We are very pleased by the satisfactory execution of this cloud-based capture and workflow project which integrates with Salesforce®,” commented Michael Schrader, President, Top Image Systems. “Consistent with content process automation market trends, we continue to invest in cloud and mobile capabilities that increase the value and flexibility of our capture and process automation portfolio. Those empower customers to drive process automation solutions that streamline document-driven business processes for various industries, including the energy sector in which TIS has considerable experience and a significant install base.”
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.
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.