ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Major European Energy Company Switches over to eFLOW® Invoice and eFLOW Invoice for SAP

Print | 
Email |  Comment   Share  

Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
Israel



Press release date: December 30, 2013

Quarter Million Dollar eFLOW INVOICE Win Increases Top Image Systems' Market Share in European Energy Sector

TEL AVIV, Israel and COLOGNE — Top Image Systems Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management), BPM (Business Process Management) and mobile image processing (MIP) solutions provider, announces a new $240,000 project win at a major German energy supplier, adding another company to the growing list of TIS customers in the power and utilities sector. The energy supplier selected Top Image Systems' eFLOW® invoice processing solution to meet their broader accounts payable processing needs, automate the handling of 300,000 invoices per year and provide comprehensive integration with SAP to enable a full end-to-end Accounts Payable workflow.

With more than 9,000 employees and sales of over seven billion euro, this energy company is one of the largest utility companies in Germany, supplying some 1.4 million customers with electricity, 1.6 million with gas, and over 650,000 with telecommunication and IT services. The company was using a competitive solution before they decided to flip the switch and move to eFLOW.

According to Egbert Fischer, Top Image Systems' General Manager, Central Europe "eFLOW is proving to have strong capacity to oust the competition. The customer was very impressed by the high level of TIS' advance preparation, as well as by our deep and comprehensive knowledge of their needs. The initial project was to cover only invoice capture, but then the customer was also impressed by eFLOW for SAP; in the end the customer decided to replace their existing workflow solution as well. The eFLOW solution adapts excellently to very complicated invoice situations, and the full integration with SAP gives users confidence and visibility into cash flow. With benefits of high recognition rates as well as easier workflow handling and extended workflow capabilities, more and more customers are moving to eFLOW. In an industry in which invoice processing requirements are extremely complex, TIS is gaining more and more satisfied references in Germany and across Europe, thus becoming the de facto standard for AP Automation in the energy and utilities sector."

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.

CONTACT:
TIS Company Contact:
Shelli Zargary
Director of Corporate Marketing
shelli.zargary@topimagesystems.com
+972 3 767 9114
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 See more product news in:
Software
 More New Product News from this company:
Signature Verification Software reduces instances of fraud.
Remittance Processing Software operates via mobile device.
ECM Software offers data validation on crowdsourcing platforms.
Document Capturing Software streamlines processing.
ECM Software offers mobile capture and workflow capabilities.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
TIS Americas Announces Agreement with Allied Payment Network to Implement MobiPAY
Top Image Systems' MobiFLOW Wins Mobile Innovations Award
Top Image Systems to Feature Multichannel Document Processing Solutions at the 9th Annual Shared Services and Outsourcing Exchange
Cintas Leverages TIS' eFLOW® to Meet Market Demand for Subscription-Based BPO Services
Top Image Systems and K2 Announce Strategic Partnership to Form Advanced Capture & BPM Offering
More ....
 Tools for you
Watch Company 
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Accounting & Financial Software
Invoice Processing Software
Join the forum discussion at:
Engineers Lounge


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address