TEL AVIV, Israel and SYDNEY, Australia, April 10, 2013 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA),a leading Enterprise Content Management (ECM) intelligent content capture and delivery and mobile payments solutions provider, announced today the successful deployment of a comprehensive eFLOW® Digital Mailroom solution at SuperIQ, an Australian online financial services provider. The SuperIQ online system enables its customers to have more control over their investments, contributions and pensions via their web-based secure Member Dashboard. SuperIQ selected eFLOW to optimally set up the automatic processing of at least 150 different classes of documents that the company requires to conduct its daily business.
SuperIQ needed a powerful content capture and delivery solution to automatically and accurately recognize the large volume of actionable data (names, account numbers, values) that must be extracted from a wide variety of documents received in paper and email and distributed for immediate action by their team of Administrators working on client's funds. The Digital Mailroom solution classifies and processes between 500-600 documents per day. Due to the scalability of eFLOW™ it will also be able to handle a greater amount of documents should this requirement arise. Implemented together with TIS local partner ASI Solutions, the project has been deployed with the continual support of SuperIQ staff during the implementation phase. ASI will continue to work closely with SuperIQ, to ensure they can leverage the best capability from the eFLOW® Digital Mailroom Solution as their business needs grow.
"Being an innovative Internet-based startup, SuperIQ targets a sophisticated consumer segment whose expectations for speed, automation and responsiveness are extremely high; at the same time, as a financial services provider we must comply with strict industry and government reporting and record management standards," explains Geoff Cropley, Head of Business Operations at SuperIQ. "To meet these requirements, we must rely on best-in-class business applications, and eFLOW plays a critical role in enabling us to streamline our business processes."
SuperIQ, based in Sydney, Australia, is a self-managed Super Fund Administrator.
About Top Image Systems
Top Image Systems 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 the content to applications that drive the organization. TIS' eFLOW Unified Content Platform is a common platform for the company's solutions. TIS market's its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website www.topimagesystems.com for more information.
The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212
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: Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations email@example.com +972 3 767 9114 Investors: James Carbonara Regional Vice President, Hayden IR firstname.lastname@example.org + 1 646 755 7412
Source:Top Image Systems Ltd.