Asian-Pacific BPO Subsidiary of National Postal Service Group Deploys eFLOW Platform
June 02 2016 - 9:20AM
Top Image Systems, Ltd. (NASDAQ:TISA), a global
innovator of intelligent content processing solutions, announced
today that the Company has delivered an eFLOW project valued
at some $100,000 for licenses and services to date to a BPO
subsidiary of a national postal service group in the Asia-Pacific.
Operating almost 25,000 post offices along with other
logistics and regional sites and employing some 200,000, the postal
service decided to move the outsourced processing of internal
document operations to its BPO subsidiary for automated capture and
processing by eFLOW®.
Upon receiving positive recommendations for eFLOW from the
outsourcing agency that processed its internal documents in the
past, this customer has initially chosen eFLOW to process some
20,000 structured health-check and stress-check documents per day
and plans to expand the use of eFLOW in future. eFLOW’s
automated data entry and accurate recognition of handwritten and
print texts in the local language are expected to increase
straight-through processing and substantially reduce processing
costs. This project, together with other recent wins at
global logistics suppliers, reinforces TIS’ strong position in the
postal services and logistics sector, in which many leading
companies such as the Austrian and Czech Posts and other logistics
providers rely on eFLOW.
Alex Toh, Managing Director, Top Image Systems APAC–Japan,
comments, “We welcome this customer to the growing TIS
Asian-Pacific install base. Using eFLOW, this customer will benefit
from reduced turnaround times, minimized processing costs and fewer
errors in the extraction of relevant information and its delivery
to integrated business systems. Combined with ease of use, high
scalability and rapid, reliable performance of high volume
processing, these are the reasons why eFLOW has become a recognized
industry standard in markets as competitive as the postal and
logistics sectors.”
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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