Top Image Systems Wins $342,000 Multi-ERP AP Automation Deal at Leading European Dairy Producer
Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
Press release date: April 8, 2014
TEL AVIV, Israel and COLOGNE, Germany - Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announces $342,000 win to deploy eFLOW INVOICE for end-to-end AP automation at a major European dairy manufacturer. With net sales of over $2 billion and 3,500 employees in Europe and North America, this customer is one of the most innovative premium dairies in Europe, servicing retail, the food service and food industry sectors.
The project will entail an end-to-end Accounts Payable Automation system involving capture and workflow optimization. Top Image Systems overcame several strong competitors to win the deal. The customerselected Top Image Systems due to TIS' solid, local references, superior technology, expert professional services and global presence.
TIS' solution flexibility met key requirements for the project, such as integration with multiple ERP systems, including both SAP and JD Edwards. Because they operate within multiple ERP environments, the customer preferred to deploy eFLOW's ERP-agnostic workflow solution and mobile device approval process. The multichannel eFLOW INVOICE solution will process all the supplier invoices in various formats, including deployment of the eINVOICE portal to manage electronic invoices and managing multiple languages and currencies.
The customer will achieve substantial benefits with eFLOW, including shorter invoice cycle times, transparency and better cash flow management. Using eFLOW will also provide the company's managers with full visibility into the AP process. Moreover, this leading dairy producer expects to reduce costs by earning discounts on early payments.
"We are very proud that Top Image Systems was selected over many other tough competitors for this important project," remarked Egbert Fischer, General Manager, Central Europe for TIS. "The customer made a deep and thorough evaluation and decided that eFLOW INVOICE would best meet the company's AP automation requirements. We look forward to working with this new customer to further automate its Procure-to-Pay processes, leveraging our powerful recognition and classification technologies to maximize their productivity and straight-through processing."
About Top Image Systems
Top Image Systems™ (TIS(™)) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is 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 Press Contact:
Director of Corporate Marketing and Investor Relations
+972 3 767 9114