Top Image Systems’ eFLOW AP Achieves Certified Integration with SAP S/4HANA®
July 27 2017 - 8:00AM
Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of
intelligent content processing solutions, today announced that its
eFLOW® AP 5.2 solution has achieved certified integration with SAP
S/4HANA®. The SAP® Integration and Certification Center has
certified that eFLOW® AP 5.2 integrates with SAP S/4HANA,
on-premise edition using standard integration technologies.
eFLOW AP is an end-to-end automated invoice processing solution
suite that works within the environment familiar to users of SAP
software, providing a single point of processing and 360-degree
visibility into invoices and related data. This helps finance
organizations to lower transaction costs while providing real-time
reporting and analytics to improve operational performance,
optimize cash flow and support compliance, control and
security.
Consisting of three components—Extract, Control, and
Resolve—eFLOW AP provides a single point of entry for receipt and
capture of invoices in various formats and from multiple input
channels, based on advanced machine learning, automatic initiation
of the correct exception-handling workflow, automatic posting and
automatic line-item matching. This makes it easier for
organizations to implement AP processes leveraging the familiar SAP
S/4HANA software environment without costly professional services
costs.
“We’re pleased to be able to offer customers using SAP S/4HANA
the same streamlined automation as that of customers using other
SAP solutions to power their finance operations,” said Carsten
Nelk, CTO of Top Image Systems.
“Businesses using SAP S/4HANA, or those considering a move to
SAP S/4HANA, can rest assured that our eFLOW AP solution suite
delivers a single on-ramp for the finance organization for
end-to-end accounts payable processes. The solution provides
visibility to the entire context of each invoice within the
familiar user experience,” added Brendan Reidy, CEO of Top Image
Systems. “Our SAP S/4HANA certification is further evidence of our
continued commitment to delivering innovative solutions that
empower our customers with value-added solutions that deliver lower
total cost of ownership.”
SAP S/4HANA is the next-generation business suite, built for the
SAP HANA® platform, with on-premise and cloud deployment options.
It is designed to act as the digital core, helping customers drive
digital transformation across their entire organizations, taking
advantage of the award-winning, role-based user experience of SAP
Fiori®.
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 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.
SAP, SAP S/4HANA, SAP HANA, SAP Fiori and other SAP products and
services mentioned herein as well as their respective logos are
trademarks or registered trademarks of SAP SE (or an SAP affiliate
company) in Germany and other countries. See
http://www.sap.com/corporate-en/legal/copyright/index.epx for
additional trademark information and notices. All other product and
service names mentioned are the trademarks of their respective
companies.
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 Jun 2024 to Jul 2024
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Jul 2023 to Jul 2024