Major European Energy Company Switches over to eFLOW® Invoice and eFLOW Invoice for SAP
Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
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.
TIS Company Contact:
Director of Corporate Marketing
+972 3 767 9114