TIS Deploys Cloud-based Forms Processing Integrated with Salesforce® for Electricity Supplier Powercor Australia
November 29 2016 - 9:02AM
Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of
intelligent content processing solutions, today announced that a
cloud-based forms processing project integrated with a Salesforce®
workflow has entered production at Powercor Australia, a leading
Australian electricity distributor who delivers power to some 1.1
million homes and businesses in Victoria, Australia.
During a project to optimize internal processes, Powercor
Australia sought to replace the manual data entry of handwritten
application and service requests forms from various sources such as
scanners, photos, fax and mobile processed through their
Salesforce® workflow. Powercor Australia needed an
automated forms processing solution that would offer on-demand OCR
recognition of some 30,000 structured documents per annum.
To meet this need, Powercor Australia has purchased a
cloud-based document management solution from TIS that integrates
with their Salesforce® platform. Documents from external parties
are sent to the Powercor Australia Salesforce system which sends
them to the TIS eFLOW® Cloud solution to be captured on-demand,
recognized just-in-time and to get data delivered back to
Salesforce® within an SLA of 15 seconds. The TIS eFLOW Cloud
Solution provided streamlines Powercor Australia’s business
processes, reducing turnover time and costs.
Following the successful POC executed in late 2015, the
deployment was made “cloud-ready” at the TIS datacenter in February
and the overall project within Powercor Australia entered
production in Q3 2016.
“We are very pleased by the satisfactory execution of this
cloud-based capture and workflow project which integrates with
Salesforce®,” commented Michael Schrader, President, Top Image
Systems. “Consistent with content process automation market trends,
we continue to invest in cloud and mobile capabilities that
increase the value and flexibility of our capture and process
automation portfolio. Those empower customers to drive process
automation solutions that streamline document-driven business
processes for various industries, including the energy sector in
which TIS has considerable experience and a significant install
base.”
About Top Image Systems Top Image Systems™
(TIS™) Ltd. is a global innovator of on-premise and cloud-based
applications that optimize content-driven business processes such
as procure to pay operations, remittance processing, integrated
receivables, customer response management and more. Whether
originating from mobile, electronic, paper or other sources, TIS
solutions automatically capture, process and deliver content across
enterprise applications, transforming information entering an
organization into useful and accessible electronic data, delivering
it directly and efficiently to the relevant business system or
person for action with as little manual handling as possible.
TIS’ solutions are 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.
Top Image Systems Caution Concerning Forward-Looking
Statements
Certain matters discussed in this news release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results to be materially
different from any future results expressed or implied in those
forward looking statements. Words such as "will," "expects,",
"anticipates," "estimates," and words and terms of similar
substance in connection with any discussion of future operating or
financial performance identify forward-looking statements. These
statements are based on management's current expectations or
beliefs and are subject to a number of risks and uncertainties that
could cause actual results to differ materially including, but not
limited to, risks in product development, approval and introduction
plans and schedules, rapid technological change, customer
acceptance of new products, the impact of competitive products and
pricing, the lengthy sales cycle, proprietary rights of TIS and its
competitors, risk of operations in Israel, government regulation,
litigation, general economic conditions and other risk factors
detailed in the Company's most recent annual report on Form 20-F
and other subsequent filings with the United States Securities and
Exchange Commission. We are under no obligation to, and expressly
disclaim any obligation to, update or alter our forward-looking
statements, whether as a result of new information, future events
or otherwise.
TIS Company Contact:
Shelli Zargary
Director of Corporate Marketing and Investor Relations
shelli.zargary@topimagesystems.com
+972 3 767 9114
TIS Investors:
James Carbonara
Regional Vice President,
Hayden IR james@haydenir.com
+ 1 646 755 7412
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Sep 2023 to Sep 2024