TEL AVIV, Israel and COLOGNE, Germany, Nov. 19, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading cloud and on premise provider of Enterprise Content Management, Business Process Management and Mobile Image Processing solutions, announced today that its innovative crowdsourcing solution, eFLOW® CrowdBridge, has been nominated as one of the three best ECM solutions of 2014 by an independent panel of industry experts at the 2014 annual ECM Day held in Baden, Switzerland on November 11, 2014.
The ECM Awards, sponsored by Pentadoc and ComputerWeek, honor solutions connecting people and knowledge that are strongly focused on users' needs. In the ECM Solution of the Year category, eFLOW CrowdBridge was recognized for its data validation capabilities via crowdsourcing platforms such as Amazon Mechanical Turk which enable eFLOW customers to flexibly and dynamically employ data entry resources in correspondence with the actual volume of work. Through eFLOW CrowdBridge, processing bottlenecks associated with peak times can be avoided, while operating costs can be reduced when the data entry workload is low.
As an extension of the web and cloud-based features of the recently released eFLOW5® platform, CrowdBridge extracts content from documents or images, provides them for validation in the cloud, and transfers accurate, full data back into the relevant target system. In addition to the cost benefits resulting from the outsourcing of manual validation on crowd sourcing platforms, with over 700,000 crowd workers, companies also benefit from the straight-through-processing and round-the-clock availability of a versatile workforce. eFLOW CrowdBridge can be a productive extension for mailroom automation solutions such as eFLOW Digital Mailroom.
"We are very proud that our innovative, proprietary eFLOW CrowdBridge application has earned high standing among the industry's leading ECM solutions. This award is further proof of the innovativeness of our R&D team and our technologies, which have driven TIS to a leadership position in the dynamic and growing market for ECM and BPM solutions," remarked Michael Schrader, CEO, Top Image Systems. "My special thanks goes to our eFLOW CrowdBridge development team, who have succeeded by means of this groundbreaking solution to afford enterprises increased flexibility and productivity through a dynamic, cost-effective method for accessing global, on-demand data entry resources while maintaining the highest standards of data security."
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.
Top Image Systems 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.