TEL AVIV, Israel, Dec. 7, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™) Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) content capture and delivery solutions provider, announces that CNH America LLC, a leading manufacturer of agricultural and construction equipment and a majority-owned subsidiary of Fiat Industrial S.p.A., selected the world-class eFLOW for their enterprise-wide automated, integrated invoice processing solution.
eFLOW was chosen over several well-known competitors for its unique ability to offer a fully integrated solution. The solution incorporates innovative EDI visualization functionality along with superior integration with SAP, the latter leveraging TIS's certified interface with SAP for automated processing of incoming invoices.
CNH manages more than half a million invoice documents per year, along with over a million EDI files representing electronic invoices. The eFLOW EDI Visualization functionality enables CNH to identify errors in EDIs before they are processed, saving significant time and headaches. Moreover, the ability to manage EDIs and other invoice formats with one integrated solution streamlines the workflow, improving productivity and saving time.
"CNH turned to TIS for a solution that would integrate invoice data recognition with accounting process management on a single platform. We expect the solution to significantly optimize our invoice management processes and increase efficiency," explained June O'Donnell, North America Chief Accounting Officer.
"TIS is proud to have been selected by CNH to help improve its invoice processing execution," remarked Omri Gelb, Executive VP, Top Image Systems. "Invoice processing is just one of the areas in which the TIS eFLOW platform can offer content management value to enterprises. Top Image Systems, known not only for its powerful and innovative software such as the EDI Visualization, but also for its expert professional services, is currently expanding its presence in the US, not only in manufacturing but in all content-intensive sectors."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. 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 content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is 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.globenewswire.com/newsroom/ctr%3Fd=227112%26l=10%26u=http%253A%252F%252Fwww.TopImageSystems.com" target="_top" rel="nofollow">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.