Top Image Systems Closes Key Deal with Mul-T-Lock
Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
Press release date: September 3, 2013
International Manufacturer of Locking Solutions Chooses eFLOW5® for Accounts Payable Automation
Tel Aviv – Top Image Systems Ltd. (NASDAQ: TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile image processing solutions provider, announced a win with Mul-T-Lock (www.mul-T-Lock.com), an international manufacturer of locking systems for commercial, residential and automotive applications. TIS won the deal together with "Integrity Software", its distributor and local system integrator in the Israeli market. Mul-T-Lock is deploying TIS’s eFLOW5, the latest release of the company’s flagship eFLOW® platform, to implement a capture-enabled purchase to payment workflow solution that will process thousands of invoices each month. The installation of the solution scheduled for October this year is part of a company-wide plan to automate processes and improve efficiency.
eFLOW INVOICE will be deployed at Mul-T-Lock to optimize their business processes, in this case the automated tracking, payment and accounting of all company invoices. Starting from the powerful generic eFLOW INVOICE package, TIS and Integrity Software consultants adapted and configured the package to meet the company’s specific requirements. In accordance with Mul-T-Lock’s specifications, eFLOW INVOICE will scan incoming invoices, forward them to the workflow and approval process and then deliver the invoices for posting to the SAP ERP system. The solution will incorporate eFLOW INVOICE with its workflow module and eFLOW INVOICE for SAP, together enabling end-to-end fully automated invoice processing and seamless SAP connectivity.
Yoss Perl, Managing Director, EMEA South East at Top Image Systems commented, ”We were asked by Mul-T-Lock to pass a very detailed recognition benchmark. There were a number of other solutions considered, but Top Image won the business thanks to our high recognition rates and the ability of eFLOW to integrate smoothly with the company’s SAP environment. We look forward to providing Mul-T-Lock a greater level of speed and accuracy when it comes to processing company invoices by leveraging eFLOW’s document process automation and business process management (BPM) capabilities.”
Mul-T-Lock Ltd. is a worldwide leader in developing, manufacturing and marketing High Security products for institutional, commercial, industrial, residential and automotive applications. The company’s product range includes mechanical cylinders, locks and padlocks, electromechanical locking systems and automatic assembly and key-cutting machines. The company is fully owned by ASSA ABLOY, the world’s leading manufacturer and supplier of locking solutions.
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