TEL AVIV, Israel and PLANO, Texas, July 27, 2017 (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 certified integration with SAP S/4HANA®. The SAP® Integration and Certification Center has certified that eFLOW® AP 5.2 integrates with SAP S/4HANA, on-premise edition using standard integration technologies.
eFLOW AP is an end-to-end automated invoice processing solution suite that works within the environment familiar to users of SAP software, providing a single point of processing and 360-degree visibility into invoices and related data. This helps finance organizations to lower transaction costs while providing real-time reporting and analytics to improve operational performance, optimize cash flow and support compliance, control and security.
Consisting of three components—Extract, Control, and Resolve—eFLOW AP provides a single point of entry for receipt and capture of invoices in various formats and from multiple input channels, based on advanced machine learning, automatic initiation of the correct exception-handling workflow, automatic posting and automatic line-item matching. This makes it easier for organizations to implement AP processes leveraging the familiar SAP S/4HANA software environment without costly professional services costs.
“We’re pleased to be able to offer customers using SAP S/4HANA the same streamlined automation as that of customers using other SAP solutions to power their finance operations,” said Carsten Nelk, CTO of Top Image Systems.
“Businesses using SAP S/4HANA, or those considering a move to SAP S/4HANA, can rest assured that our eFLOW AP solution suite delivers a single on-ramp for the finance organization for end-to-end accounts payable processes. The solution provides visibility to the entire context of each invoice within the familiar user experience,” added Brendan Reidy, CEO of Top Image Systems. “Our SAP S/4HANA certification is further evidence of our continued commitment to delivering innovative solutions that empower our customers with value-added solutions that deliver lower total cost of ownership.”
SAP S/4HANA is the next-generation business suite, built for the SAP HANA® platform, with on-premise and cloud deployment options. It is designed to act as the digital core, helping customers drive digital transformation across their entire organizations, taking advantage of the award-winning, role-based user experience of SAP Fiori®.
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 https://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.
SAP, SAP S/4HANA, SAP HANA, SAP Fiori and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.