Six Figure Win for Top Image Systems to Provide P2P Automation for Leading European Manufacturer
Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
Press release date: May 29, 2014
Tel Aviv/Cologne -- Top Image Systems Ltd. (NASDAQ: TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announced today that a global player in the fuel, chemical and powder storage and transport market and leading manufacturer of machinery and equipment for specialized industries has selected Top Image Systems eFLOW® in a six-figure deal to automatically process and approve all the group’s incoming supplier invoices and order confirmations. The system will capture, extract and validate all relevant data, process the transactions through the embedded workflow and transfer approved invoices automatically to the existing INFOR ERP system for payment and end-to-end invoice monitoring and visibility.
By implementing the multichannel eFLOW solution, the manufacturer will significantly increase efficiency, reduce errors and shorten process cycle time. The system will minimize manual data entry and enable automated digital capture, processing and approval of all incoming invoices and sales order confirmation notices, whether received via post, email or mobile - and in any file format. Not only will the company reduce expenses by being eligible for early payment discounts and by avoiding late penalties, but by eliminating time-consuming and tedious routine manual processing tasks, the employees in the accounts department will be able to invest their time in more productive, value-added activities. In future, the company is considering expanding the eFLOW® implementation from AP and sales order automation to manage processing of all incoming documents across the enterprise.
“We are very pleased that this important European manufacturing group has selected eFLOW INVOICE to automate their accounts payable and sales order processes,” commented Egbert Fischer, General Manager, Central Europe for Top Image Systems. “As the digital economy expands, it is imperative for companies to maintain a competitive advantage and optimize business relations with their suppliers by streamlining their payment processes. Thanks to our excellent references, expert sales consultants and experienced professional services providers, Top Image Systems continues to win new customers, increase our market share and expand our presence across Europe.”