PLANO, Texas, May 11, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a global innovator of intelligent content processing solutions, announced that the company has been selected to demonstrate and introduce its new solution to the market, eFLOW® Lending, in a 7-minute demonstration at FinovateSpring 2015 being held on May 12th and 13th in San Jose, CA. eFLOW Lending is designed to transform what is currently a very time-consuming and expensive origination process into a streamlined, automated, self-service-enabled experience.
Leveraging eFLOW®'s powerful recognition, classification and extraction technologies together with industry knowledge refined during the successful completion of a recent major implementation in the US mortgage fulfillment industry, eFLOW Lending enables loan originators to resolve the high costs and lengthy delays typical to traditional manual loan and mortgage origination processing,
eFLOW Lending can automatically capture and process any volume of documents of any type, anywhere, at any time. The solution includes a digital checklist that automatically assesses the status of document packages for completion and compliance. Increasing accuracy and operational efficiency through automated document classification and data capture, eFLOW Lending improves origination processes, reducing mortgage processing cycle times and costs while maintaining maximum security and compliance.
"We're very enthusiastic about eFLOW Lending being launched at FinovateSpring," said Gordon Sellers, VP Strategy and Product Management, Top Image Systems. 'With this solution, Top Image Systems dramatically improves the mortgage and loan origination experience for both lenders and their customers, as well as for all the many players in what can be a long and complex document processing workflow. By accelerating origination processes, reducing the time investment and improving the results of loan document compliance, eFLOW Lending resolves a painful challenge for the fintech industry."
The eFLOW Lending presentation is expected to start shortly before 9:10 am PDT on May 12th. TIS experts will also be available throughout the day on May 12th for 1-1 meetings in a reserved exhibit space.
About FinovateSpring
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in the fertile start-up green field of San Jose, CA, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.
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 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.