TEL AVIV, Israel and LONDON and PLANO, Texas, June 2, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a global innovator of intelligent content processing solutions, today announced that the British Bank Association (BBA), the leading trade association for the UK Banking Sector comprising over 200 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide, has undertaken a campaign to recommend that U.K. businesses deploy solutions such as eFLOW INVOICE to optimize their financial operations in order to improve their eligibility for qualifying for and receiving commercial loans. The campaign is designed to drive the U.K. banking community to increase lending to commercial businesses in light of the recent financial crisis.
According to the terms of the agreement, over a period of some six months Top Image Systems will have the opportunity to respond to enquiries made by BBA member banks' customers considering implementation of eFLOW INVOICE, TIS' end-to-end multichannel AP Automation solution, in order to improve the businesses' chances to be granted a commercial loan at preferable terms. These prospects are large SME organizations looking to improve their financial operations by conforming to best practices and streamlining their financial processes.
"Top Image Systems is pleased to team with a respected organization such as the BBA to promote our innovative solutions," remarked Barry Richards, Managing Director EMEA, Top Image Systems. "We share the BBA's underlying premise that improved financial and operational efficiency cause enterprises to be more competitive; going a step further to provide incentives to these companies that by leveraging technology to become more efficient they are more likely to be eligible to receive loans for funding new business activities is a welcome and positive win-win initiative that ultimately drives digital business and serves the entire market."
Top Image Systems (TISA) also announced that on Tuesday, June 2nd at 2:30 PM PDT/ 5:30 PM EDT its COO and CFO Lyron Bentovim will present to investors at the LD Micro Invitational which is being held from June 1st – 3rd at the Luxe in Los Angeles, CA.; in addition Mr. Bentovim will be holding 1-1 meetings with some twenty investors. For more information or to schedule a meeting during the conference, please contact your LD Micro representative or contact firstname.lastname@example.org.
About the British Banking Association
The BBA is the leading trade association for the UK banking sector with 200 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide. Eighty per cent of global systemically important banks are members of the BBA. As the representative of the world's largest international banking cluster the BBA is the voice of UK banking. The BBA has the largest and most comprehensive policy resources for banks in the UK and Its members manage more than £7 trillion in UK banking assets, employ nearly half a million individuals nationally, contribute over £60 billion to the UK economy each year and lend over £150 billion to UK businesses.
The BBA supports and promotes policies and initiatives that balance both the interest of banks, and the wider public benefit. The BBA's work is underpinned by three core priorities: Helping customers – both consumers and businesses; promoting growth, including supporting the UK as a global financial center; and Raising standards – both professional and ethical.
About LD Micro
LD Micro is an investment newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published reports on select companies throughout the year. The firm also hosts the LD Micro Main Event in December. It is a non-registered investment advisor. For more information, please contact 408-457-1042 or visit www.ldmicro.com.
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.
CONTACT: TIS Company Press Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations email@example.com +972 3 767 9114 TIS Investors: James Carbonara Regional Vice President, Hayden IR firstname.lastname@example.org + 1 646 755 7412
Source:Top Image Systems Ltd.