TEL AVIV, Israel, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) innovator of intelligent document recognition, has joined in partnership with Saves, a Business Process Management (BPM) company in the Netherlands, to provide document processing to Zeeland province, a local Government in the Netherlands.
Zeeland province was already using a part-digitized system to process their documents; however the accuracy of processing was very disappointing and led to substantial processing delays and a backlog of documents. Zeeland province conducted an intensive selection process to find a new solution, considering the major products in the market.
Zeeland province was looking for a solution capable of processing 900,000 documents per year, including data extraction for 30,000 invoices. The chosen system must also be able to integrate to the existing Coda ERP system and Corsa AP Workflow.
Top Image Systems (TIS) and Saves were selected as the solution that could best meet Zeeland province's requirements. TIS' Unified Content Platform eFLOW proved itself to deliver robust and accurate results, and the partnership provides Zeeland province with experience, knowledge, and understanding of the business processes that were of key concern in this project. eFLOW also demonstrated a seamless integration to Zeeland province's existing systems.
Adri Boogaard, Project Manager, Program e-Government at Zeeland province, explains, "We have selected eFLOW to solve all the pains we have experienced with our current OCR solution and to help us achieve cost effective, innovative business processes. Through the selection process TIS and Saves proved a winning partnership, which combined with eFLOW's advanced technology gives us confidence that we will see the results we need."
"Saves is well recognized in the industry for delivering improved systems and processes. We partnered with TIS as we value the experience they have within the market, and the strength of the technology that they provide. The solution that together we will bring to Zeeland province in the Netherlands will deliver strong results, and enable Zeeland province to quickly make significant improvements," said Ms. H. van de Gevel, Project Manager, Saves.
"We are pleased to have been chosen alongside Saves as the winning solution by Zeeland province," said Omri Gelb, Executive Vice President at TIS, "The combination of experience each side brings to the partnership will be invaluable, and with the leading technology of eFLOW it will allow Zeeland province to successfully implement central scanning and extended mailroom functionality."
About Zeeland province
The Zeeland province is a local government in the Netherlands. Amongst the responsibilities of Zeeland province are the development of nature reserves, maintenance of roads and canals, and granting subsidies to local institutions in the fields of art, culture, nature, and sports. Activities of Zeeland province are of immediate influence on civilians and companies in Zeeland. The provincial environmental and infrastructural planning, and the construction of residential and commercial areas, are examples of provincial policy that enjoy a high degree of interest of the inhabitants, because it can have a direct impact on their daily lives. Improvement through e-Government
PZ wishes to improve the relationships and interaction with citizens, companies and institutions. They should have access to comfortable, transparent and cheap means of interacting with the provincial products and services on a 24/7 basis.
For more information: http://www.zeeland.nl
About Saves
Saves focuses on Business Process Management and optimizing incoming document flow's by applying their BCI2 concept to implement hands off processes. To reach these objectives Saves has established partnerships with several parties such as Top Image Systems, inubit and Comsys, delivering top of the bill solutions.
Besides far-reaching knowledge of business communications, recognition software, and workflow management, Saves has the broad experience to translate business processes into specific improvements in the information processes. To realize these improvements Saves focuses on balanced components such as People, Organization, Processes, and Systems. Saves uses a broad perspective in which the total business process is the central focus. Saves gives information additional value with speed, effective output and meaning. Saves combines vision with experience on subjects such as business consultancy, document recognition, business process management, document management, and cloud solutions. For more information: www.saves.nl
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 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.
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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.