U.S.-based Technology Company Selects Invoice Processing Solution from Top Image Systems
April 13 2016 - 9:00AM
Top Image Systems Ltd. (NASDAQ:TISA) a global innovator of
intelligent content processing solutions, announced today that the
company has signed an agreement to deploy an accounts payable
solution for a U.S.-based technology company. Developing hardware
and software technologies for sign manufacturing, packaging and
other products, this company processes approximately 100,000
invoices per year in its SAP ERP system through several global
shared services centers.
The company was challenged by its decentralized, distributed
invoice management and multiple line item invoices and sought to
optimize the process and achieve efficiencies of scale. The
new solution streamlines and automates error-prone manual keying as
well as discrepancy handling of incoming invoices, eliminating
errors and achieving greater visibility into accrued liabilities
and invoice payment status.
“Top Image Systems has expanded its portfolio of accounts
payable solutions in the US; with our strategic focus on Financial
Process Automation and launch of an AP Automation solution suite on
premise, hybrid and in the cloud targeting also the mid-market, we
expect to see increased sales in this market sector in the U.S.,”
commented Bob Fresneda, President, TIS Americas. “We have invested
in extended AP Automation training for our sales, pre-sales and
support staff in the region. We are prepared to help this
technology company and all our invoice processing customers across
the U.S. to achieve improved straight through processing of
invoices, reduced AP cycle times and gain clear visibility into
cash flow.”
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of
enterprise solutions for capturing and validating structured and
unstructured content entering organizations from various sources
and managing content-driven business processes. Whether originating
from mobile, electronic, paper or other sources, TIS solutions
automatically capture, process and deliver content across
enterprise applications. TIS’ flagship eFLOW platform and diverse
business process and mobile image processing 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.
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.
Company Contact:
Shelli Zargary
Director of Corporate Marketing and Investor Relations
Top Image Systems
shelli.zargary@topimagesystems.com
+972 3 767 9114
Investors:
James Carbonara
Regional Vice President,
Hayden IR
james@haydenir.com
+ 1 646 755 7412
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