German Consumer Goods Manufacturer Selects End-to-End AP Automation Solution from Top Image Systems
December 12 2016 - 8:00AM
Top Image Systems Ltd. (NASDAQ:TISA) a global
innovator of intelligent content processing solutions, announced
today that a mid-sized German consumer goods manufacturer has
signed an agreement with Top Image Systems with a total contract
value of over $120,000 for software and services to deploy an
end-to-end AP Automation solution to capture and process all their
incoming invoices.
A private enterprise in business for over 100 years and serving
over one million customers including via e-commerce, this
manufacturer processes some 50,000 supplier invoices per annum.
Following a long evaluation period, the manufacturer decided
on TIS’ SAP-certified accounts payable automation solution. The
eFLOW® AP solution enables end-to-end processing from invoice
capture through approval workflows and posting, all handled inside
the familiar SAP environment. The solution will capture and extract
all incoming paper and email invoices.
One key reason the customer selected eFLOW AP for SAP is the
fact that the standard packaged AP automation offering meets their
requirements without any need for special configurations or
customizations.
“Top Image Systems is encouraged by incoming orders for our
end-to-end AP Automation for SAP solution in Europe and around the
world,” remarked Brendan Reidy, CEO, Top Image Systems. “As market
awareness grows for the exceptional value of our full functionality
Accounts Payable solution, which is certified on SAP ERP on HANA
deployment, and can streamline processing of even the most complex
invoices and workflows, we are confident that we will see
increasing market share across regions and verticals.”
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.
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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