TEL AVIV, Israel and SINGAPORE, Oct. 14, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading cloud and on premise ECM (Enterprise Content Management), BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider, announces that it has implemented eFLOW® INVOICE to automate the accounts payable process at the shared services center (SSC) of one of the world's leading business service organizations. The customer provides pest control, hygiene, work wear and other essential services with a workforce of over 27,000 and operations in almost 70 countries.
eFLOW INVOICE is being deployed at the global enterprise's newly established SSC in Kuala Lumpur, Malaysia. The center has begun to process 20,000 invoices per year with plans to increase to 80,000 invoices per year scanned from twelve different country locations. The customer selected eFLOW for its flexibility of integration with Microsoft Dynamics NAV and best practice invoice processing approach that doesn't require invoice templates. Using eFLOW, the SSC aims to consolidate invoice processing and reduce overhead, shorten invoice cycle time, better manage cash flow and increase transparency and visibility into its AP process.
"In our 20+ years of working with leading BPOs and SSCs across the Asia-Pacific region, TIS has earned broad experience and deep expertise in deploying world-class business optimization solutions," commented Alex Toh, Managing Director for TIS Asia Pacific and Japan. "In order to maintain the highest service levels, maximize straight through processing and minimize costs, Asian shared service centers can depend on intelligent automation solutions from TIS. Our recent investments in mobile and cloud technologies make us even more attractive to the growing BPO and SSC market in the region. We look forward to expanding our presence in this market."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is 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.
CONTACT: TIS Company Press Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations firstname.lastname@example.org +972 3 767 9114 TIS Investors: James Carbonara Regional Vice President, Hayden IR email@example.com + 1 646 755 7412
Source:Top Image Systems Ltd.