TEL AVIV, Israel, and LONDON, March 02, 2016 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced today the deployment of eFLOW® to implement a content processing project at a British governmental agency to digitally capture personnel applications and related documents for security examination. The project has a total contract value of $350,000 for TIS and will process a volume of some 1.3 million documents per year. TIS was invited to partner for the project execution with TerraQuest, an established UK provider of land referencing, development planning, geographic information systems, data management and fully outsourced business process solutions to both the public and private sectors across the UK and a wholly owned subsidiary of the Mears Group PLC having a turnover in excess of £800m.
To carry out accurate and thorough background checks of citizens’ applications, the government agency has the responsibility to collect personal data from multiple data sources and validate the information gathered to ensure the outcome is correct and only suitable applicants are selected for any given position.
In an effort to maximize accuracy, efficiency and speed while minimizing cost and expenses for data entry, the Agency sought an outsourcing service which would provide them with a digital content processing solution that would avoid unnecessary manual entry and paper storage. eFLOW is used by TerraQuest to digitize forms and associated whitemail items such as proof of IDs before extracting and validating key data as efficiently as possible for further background checking. After engaging with several suppliers to provide them with a solution, TerraQuest selected Top Image Systems and its eFLOW capture and document processing solution for the project. Beginning the deployment in mid-2015, the project has gone live in January 2016 and is now in active production.
“TerraQuest sought to collaborate with a company that has positive customer references, professional expertise and strong capture and forms processing experience to ensure the success of this sensitive and highly public project,” stated Geoff Keal, Managing Director for TerraQuest. “We are dealing with citizens’ reputations and livelihoods and therefore accuracy is essential. We depend on eFLOW to enable us to expeditiously manage a high volume of documents without sacrificing accuracy or convenience.”
Barry Richards, Managing Director EMEA for TIS remarked, “It is an honor to cooperate with the experienced, skilled professionals of TerraQuest. Our companies share a passion to empower our joint customers with digital processes that are both transforming operations and in turn delighting their customers with convenience and simplicity. We are pleased to see our solutions helping more enterprises across the UK and EMEA to optimize their document-driven customer engagement, in both the public and private sectors, via direct sales and via our outsourcing partners, and by so doing we expect to grow our market share.”
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.
TerraQuest Solutions Ltd. delivers innovative Business and Property Solutions to both public and private sector clients throughout the UK, including land referencing services to local authorities and law firms in support of infrastructure, housing development and regeneration; data services to central, devolved and local authorities; data and GIS consultancy to support land and property services in both public and private sectors, business and administrative process outsource on behalf of the public sector and geographically spatially enabled technology solutions serving customer data accurately and securely, accessible locally and remotely. Our services combine the skills and experiences gained over 40 years, adapting and developing to meet ever changing demands.
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.
Contacts: TIS Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations email@example.com +972 3 767 9114 TIS Investors Contact: James Carbonara Regional Vice President, Hayden IR firstname.lastname@example.org + 1 646 755 7412
Source:Top Image Systems Ltd.