TEL AVIV, Israel and COLOGNE, Germany, July 10, 2013 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading Enterprise Content Management (ECM) intelligent content capture, workflow and delivery and mobile payments solution provider, announced today that Colle Rental & Sales has selected Top Image System's eFLOW® INVOICE to automatically process all their incoming invoices. Colle, a business that has been around for over 100 years, runs a number of sites in Germany, the Netherlands and Belgium specializing in the sales, rental and service of heavy machinery for construction and industry.
Up until now, Colle had processed their invoices manually. But as the company expanded and started to receive a substantially higher volume of invoices each year, they realized they needed a more efficient way to process them. Colle sought a system that would streamline the invoice process, automating both the capture as well as the workflow and approval functions at the company, freeing up the financial staff to focus on more important tasks.
After reviewing many solutions, Colle chose Top Image System's eFLOW because it was more professional, flexible and scalable, as well as for its superior local support and consulting services. These latter already came into play in the engineering of seamless integration with the company's two different, yet equally little-known, local Dutch and German legacy ERP systems, all in one manageable solution. The company also selected eFLOW with the understanding that they could later expand their deployment to include TIS's eFLOW Digital Mailroom on the same platform, thus accelerating and eliminating time-consuming data entry for the processing of all the company's incoming documents, in any format.
Colle's Controller, Math Toonen, commented, "We expect the eFLOW INVOICE deployment in the AP department to help us better accommodate our company's growth. We will be able to handle many more invoices and will also have much greater transparency, which will in turn let us better manage vendor queries and further improve the level of our customer service, in which we take great pride. Increasing our efficiency, productivity, and the level of professionalism will make eFLOW an important addition to our business."
About Top Image Systems
Top Image Systems (TIS) 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's eFLOW™ Platform is a common platform for the company's solutions. TIS markets 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 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 Europe and 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.
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Source:Top Image Systems Ltd.