Mainz Municipal Utilities Provider Selects Top Image Systems' eFLOW for Invoice Processing


German energy supplier uses eFLOW to process tens of thousands of incoming invoices per year faster and at lower cost

Tel Aviv / Cologne - Top Image Systems, Ltd. (NASDAQ : TISA), a leading provider of ECM (Enterprise Content Management) intelligent content capture and delivery solutions, announced today that they successfully closed a deal with Stadtwerke Mainz AG (SWM), the municipal utilities of the City of Mainz. SWM, a large regional supplier of electricity, gas and water grids with its own waterworks, will use eFLOW to process more than 40,000 incoming invoices every year. eFLOW Invoice along with its eFLOW Invoice for SAP component will rapidly and accurately capture all relevant data and automatically deliver it to the SAP back-end system of record.

With the help of the new solution, the company will be able to halve turnaround times, drastically reduce the costs related to invoice processing, and take advantage of early-payment discounts. At the same time, employees will be relieved from purely routine tasks in order to focus on creating added value.

Michael Schrader, Managing Director EMEA at TIS, comments: "This new deal with another major provider in the energy sector, following other significant projects such as Rheinenergie and other new wins to be publicized in the near future, demonstrates Top Image System's leadership in this area. We are highly familiar with the utilities sector's specific requirements, and eFLOW is the perfect solution for streamlining complex document-based business processes within this industry. We are proud to say that eFLOW's outstanding performance and reliability have made it the market-leading solution for Invoice Processing in any industry, particularly in SAP environments."

About Stadtwerke Mainz

Stadtwerke Mainz is a multi-utility company whose roots go back to1899, when the first electrical power station in Mainz, the capital of the state of Rheinland-Pfalz, was connected to the city's power grid. In 1993, the city's electric power station and supply network, gas works, water works, and tram system were centralized, making their management and operation the responsibility of Stadtwerke Mainz. Today the company provides more than 300,000 customers with electricity, gas and water.

For further information visit www.stadtwerke-mainz.de.

About Top Image Systems

Top Image Systems(TM) (TIS(TM)) 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 www.TopImageSystems.com for more information.

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