Global Energy Company Selects TIS eFLOW® AP for SAP
March 06 2018 - 8:00AM
Top Image Systems Ltd. (NASDAQ:TISA)
, a global
innovator of intelligent content processing solutions, announced
today that, following an extensive due diligence and evaluation
process, a multinational energy company has selected Top Image
Systems to upgrade its existing accounts payable solution to eFLOW
AP for SAP. Embarking on a project that will span over two years,
the company plans to modernize its corporate accounts payable
operations through the implementation of eFLOW AP for
SAP.
Top Image Systems’ eFLOW AP automation solution sets a new
standard for how invoice processing solutions are deployed within
the SAP ecosystem. The seamless integration of the solution with
SAP extends the value of customers’ ERP investments by delivering
greater workflow flexibility, streamlined exception resolution and
enhanced visibility into accounts payable data, all within SAP.
eFLOW AP for SAP provides end-to-end functionality that includes
extraction, validation and matching of data from invoices using
machine learning, automated posting, automated data completion and
invoice validation, configurable workflows, mobile review, invoice
submission and real-time self-service invoice and payment
status.
“Accounts payable automation has become a strategic investment
for our company,” commented Brendan Reidy, CEO of Top Image
Systems. “This transaction re-enforces the value that eFLOW AP for
SAP delivers for our customers. The user experience provided by our
solution enables better cash flow visibility, improved spend
management, fewer exceptions, higher accuracy and rapid
reconciliation, giving finance teams the tools they need to gain
better visibility into their businesses.”
About Top Image SystemsTop 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 https://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.
Contacts: TIS Company
Contact: Camille Womack, Director of Corporate Marketing
and Investor Relations Camille.womack@topimagesystems.com (214)
256-4600 TIS Investors Contact: 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 Mar 2024 to Apr 2024
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Apr 2023 to Apr 2024