LONDON and TEL AVIV, Israel, June 9, 2014 (GLOBE NEWSWIRE) -- Cintas Document Management UK Ltd, a leading provider of document management solutions and Top Image Systems Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider today announced forming a technology partnership to provide advanced Business Process Outsourcing (BPO) solutions to the UK market leveraging TIS' enhanced mobile and cloud-ready applications and flexible business model.
The BPO services will be delivered using TIS' recently launched eFLOW®5 technology driving best practice automated business process optimization solutions such as eFLOW Digital Mailroom, eFLOW INVOICE for AP Automation and other scan-to-process solutions.
These services will bring significant benefits to businesses, including reducing manual labor and human errors, saving time and resources and lowering costs by expediting work-intensive processes, improving efficiency throughout the organization and removing paper from the office.
Top Image Systems' eFLOW is a modular solution based on a uniform, multichannel platform which collects information from any document type and delivers it as useable data to the ERP, CRM and workflow systems. eFLOW®5 contains all the most up to date technologies and user interfaces to provide rich functionality and flexibility, as well as web and cloud-based architecture that enables scalability, accessibility and flexible business models.
The recent investments in Cintas' infrastructure and MPLS network enable the BPO services to be handled at any of Cintas' 10 data centers across the UK and processed centrally. This ensures a fast, resilient service for customers with the assurance of full disaster recovery backed up by the business continuity plan accredited to ISO 22301.
Remarked Jon Joyce, Managing Director at Cintas Document Management, "We are delighted to be working with Top Image Systems to deliver Business Process Outsourcing (BPO) solutions using eFLOW®5. The services we are able to provide build on the document management solutions we already deliver and embed Cintas in the lifecycle of the documents much earlier in the process. The investments in our network and introduction of these new services demonstrate Cintas' strong commitment to be a leader among the innovative information management providers in the UK."
Barry Richards, Managing Director, EMEA at Top Image Systems, commented, "We are very excited about the great business opportunity presented by our partnership with Cintas. TIS was selected on the strength of our first-class technology, including powerful cloud and mobile capabilities and our flexible business model; we are confident that eFLOW will enable Cintas to provide the best service possible to its clients, strengthening their competitive edge and ultimately growing the UK market."
About Cintas Document Management UK Ltd.
Cintas Document Management UK Ltd. is a leading provider of end-to-end document management solutions, including archiving, scanning and digitization, secure document destruction and Business Process Outsourcing. Cintas serves over 1,500 customers throughout the UK in a wide range of sectors including healthcare, legal, education, public sector and finance.
Cintas has established locations throughout the UK giving a national presence, including sites in London, Birmingham, Manchester, Leeds, Scotland and the South West. Cintas stores and manages over 3 million boxes on behalf of customers at their range of facilities and has the capacity to scan over 1.5 million documents per day. For more information visit www.cintas.co.uk
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 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.
Cintas Company Press Contact: Lucy Glynn, Marketing Manager Cintas Document Management UK Ltd +44 (0) 1133841100 TIS Company Press Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations +972 3 767 9114 TIS Investors Contact: James Carbonara Regional Vice President, Hayden IR + 1 646 755 7412
