Top Image Wins Over $350,000 Contract at Leading European Logistics Service Provider
Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
Press release date: July 2, 2012
eFLOW® Invoice Reader and Interface to SAP Selected for Automated Invoice Processing Project
Tel Aviv/Cologne: - Top Image Systems, Ltd. (NASDAQ: TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, today announced signing a contract valued at over $350,000 to deploy eFLOW® at one of Europe's largest logistics companies. The company, with a long-standing history in food logistics, will employ eFLOW to automatically process over 180,000 incoming invoices annually. Following the completion of the implementation of the new solution at the company's German locations, in the second phase, the system will be expanded to the company's other European locations. This growth-oriented enterprise also plans to expand to a fully automated Digital Mailroom solution.
The logistics business will benefit from the complete integration of eFLOW with the existing SAP infrastructure, as well as from controlling and optimizing the document-based business processes on the modular eFLOW platform. In addition to speeding up turnaround times for invoice processing and reducing multiple sources for errors, the solution will free company employees from time-consuming, tedious manual routine tasks to instead engage in value-added activities, thus further raising service levels for both the company's clients and suppliers.
"Top Image won this project over the competition because of the outstanding quality of technology used in eFLOW," comments Michael Schrader, Managing Director of TIS EMEA. "More and more companies and institutions in varied sectors around the world are realizing the great potential for process optimization that can be tapped with our solutions. Top Image Systems helps companies gain a competitive advantage in today's tough international market."
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.