Aerospace Component Manufacturer Selects End-to-End AP Automation Solution from Top Image Systems
May 31 2016 - 9:00AM
Top Image Systems Ltd. (NASDAQ:TISA) a global innovator of
intelligent content processing solutions, announced today that an
aerospace component manufacturer that operates locations in Europe
and the Americas and produces essential components for satellites,
spacecraft and aircraft programs has signed an agreement with Top
Image Systems valued at over $100,000 for software and services to
deploy an end-to-end AP Automation solution to process all their
invoices in SAP.
The component manufacturer works with numerous suppliers within
the space and aircraft industry and as such must comply with strict
government and industry regulations and complex, dynamic tax and
invoicing rules. They selected eFLOW® to integrate with two
different SAP systems in use at the company, and will deploy eFLOW
AP for SAP to automate their end-to-end SAP workflow.
This mid-sized manufacturer needed a high performance automated
invoice processing solution that would automate their complex
invoice approval workflows with innovative tools that reduce
invoice cycle times, increase process and cash flow transparency
across the entire end-to-end process and ultimately reduce
costs.
This new customer expects the combined benefits of recognition
accuracy that drives high ratios of straight-through processing and
an enhanced workflow that will enable users to efficiently manage
invoice processes entirely from within their SAP environment.
“Top Image Systems welcomes this new customer and reiterates
here our deep commitment to providing this and all our AP
Automation customers of all sizes with the best possible end-to-end
AP Automation solutions on the market, a solution that fully
integrates with their on premise SAP systems and which has the
agility and flexibility to adapt to most any dynamic changes that
may impact their IT environment,” remarked Michael Schrader, CEO,
Top Image Systems. “The next generation SAP HANA-certified eFLOW AP
Automation for SAP solution we have brought to market represents
innovation at a higher order of magnitude and helps finance
executives to meet the increasingly tough demands that businesses
place on them today.”
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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