Top Image Systems Selected to Provide Invoice Processing Solutions for Treibacher Industrie AG
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Austrian Industrial Manufacturer Utilizes eFLOW(TM) Platform to Automate Processing of More Than 40,000 Invoices Per Year
Tel Aviv / Cologne July 28, 2011 - Top Image Systems(TM) (TIS(TM)), Ltd. (Nasdaq: TISA; TASE: TISA), the leading ECM (Enterprise Content Management) solutions provider, announced today that Treibacher Industrie AG., a global supplier of specialized chemical and metallurgical products headquartered in Althofen, Austria, has selected Top Image Systems eFLOW(TM) Platform to process tens of thousands of invoices the Company receives annually. The system will capture, extract and validate relevant data and transfer it automatically to the existing SAP backend system and concurrently to the employees responsible for further invoice processing.
By implementing the new solution, Treibacher enhances its existing digital document management and archiving infrastructure with the broad advantages of early-stage automated capture for incoming documents. In addition to shortening turnaround times significantly and reducing potential sources of errors, the solution enables Treibacher employees to invest their time in value-added activities by eliminating time-consuming and tedious routine processing tasks.
"We are very pleased Treibacher Industrie AG has selected our eFLOW Platform as their primary data content management solution," commented Michael Schrader, Managing Director EMEA at Top Image Systems. "It is imperative for companies with large quantities of incoming documents to streamline their digital processing. Our eFLOW Platform provides our clients with the automation of any document type or format and guarantees a fast ROI thanks to its positive impact on costs. This is another significant win for TIS as we continue to expand our presence throughout Europe."
About Treibacher Industrie AG
Treibacher Industrie is one of the leading international players in the field of chemistry and metallurgy. With head office, production and R&D facilities located in Austria, Treibacher operates sites in Canada, Slovenia, China and Japan and runs a global network of sales partners; 86 % of its goods are exported. Treibacher's chemical and metallurgy business is elemental. Its Steel and Foundry Products unit manufactures noble alloys like vanadium and molybdenum, while the Recycling division takes care of industrial metals that result as waste product from the first unit (recycling vanadium, nickel, and molybdenum). Treibacher's High Performance Materials division produces carbide powders used to manufacture tools and electrical parts, and the company's Rare Earths and Chemicals unit's products are used to manufacture batteries, electronics, ceramics, and catalysts. For further information about the company, visit www.treibacher.com.
About Top Image Systems (TIS)
Top Image Systems (TIS) 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's eFLOW 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 and strategic partners. Visit the company's website www.topimagesystems.com for more information.
