TIS' eFLOW Invoice Processing Solution Receives Recognition in a New Independent Report by BARC Research Center
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Tel Aviv, Israel - August 18, 2010 -Top Image Systems, Ltd. (NASDAQ: TISA; TASE: TISA), the leading ECM (Enterprise Content Management) innovator of intelligent document recognition strengthens its leadership in the invoice processing market with a new independent report by BARC (Business Application Research Center), a leading independent software industry analyst.
BARC was founded in 1994 as a spin-off from the University of Würzburg's Chair for Information Science, Germany. The institute offers neutral and substantiated surveys and market analyses in the field of business intelligence and enterprise content management (ECM).
BARC's report described and evaluated solutions for classification, data extraction, distribution, and processing. The aspects of architecture, integration, and reporting were also analyzed in detail and reviewed for efficiency and performance. A criteria catalog was developed for this purpose from the functional and technical requirements for an input management solution. This formed the basis for the assessment of the solutions tested from an application perspective. The results of the survey are summarized in a report available at http://www.barc.de/de/studien/input-mangement.html.
TIS' invoice processing solution, eFLOW Ability, facilitates automated processing of incoming invoices for ERP systems, including SAP. In its new software evaluation for processing invoices and incoming mail, BARC institute analyzed eFLOW with respect to innovation, functionality, architecture, and service, and compared eFLOW to all other well-known solutions.
Michael Schiklang, the relevant analyst in charge at BARC, explains, "We are pleased to have included Top Image Systems in our latest report and to find through our analysis an advanced product in eFLOW."
"We ensure that we have our solutions tested routinely by independent institutes in order to provide customers with a neutral assessment of the efficiency and performance of our solutions," said Michael Schrader, EMEA Managing Director at TIS, "eFLOW proved to be a strong product comprised of advanced technology designed for robust and accurate invoice processing. The result of the evaluation is altogether positive for TIS and proves that our solutions meet today's market requirements."
About Top Image Systems
Top Image Systems 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 the content to applications that drive the organization. TIS' eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.
Company Contact:
Dana Rubin
Director of Corporate Marketing and Investor Relations
dana.rubin@topimagesystems.com
+972 3 767 9115
