TEL AVIV, Israel and COLOGNE, Germany, Sept. 24, 2013 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq: TISA ), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile content processing solutions provider, announced today the successful completion of a mailroom processing project at German utilities company EnBW Energie Baden Württemberg AG. EnBW is one of the largest energy providers in Germany serving some 5.5 million customers.
Responsible for providing processing services and systems solutions as well as operating information and processing platforms within the EnBW group, the company ultimately chose to automate their mailroom processing with TIS eFLOW Digital Mailroom after a European-wide tender and after already having successfully processed their invoices with eFLOW for several years. The company's incoming mail includes multi-page contractual documents and electricity meter readings, as well as customer correspondence. The next scheduled stage of expansion will also include automated processing of travel cost billings.
The company chose the eFLOW solution for its ability to reliably process highly complex structured, semi-structured and unstructured documents in any format, as well as to accurately extract any relevant information, classify the information according to structure and terminology, and then automatically initiate any further processing steps. By eliminating the time-consuming and error-prone manual handling stages, eFLOW Digital Mailroom helps decrease turnaround times and improve service levels. Those employees who used to expend significant time carrying out tedious routine jobs are now freed up for value-adding tasks.
Michael Schrader, CTO and VP Global Solutions, Top Image Systems, comments: "An ever-growing number of companies from all sectors choose to benefit from the many distinct advantages that the eFLOW platform has to offer when it comes to processing large volumes of documents. Implementing a "digital mailroom" can significantly increase efficiency and productivity, regardless of the incoming information's format. eFLOW is able to reliably process both electronic and paper-based documents ."
About EnBW
With revenue in excess of € 19 billion in 2012 and some 20,000 employees, EnBW Energie Baden-Württemberg AG is one of the largest energy companies in Germany and Europe. EnBW generates, trades in, transports and sells energy and operates in the fields of electricity and gas as well as energy and environmental services. The company wants to achieve sustainable and profitable growth with a balanced business portfolio and smart energy solutions – to the benefit of partners, customers, employees and owners. EnBW's home market is Baden-Württemberg and Germany, but the company also operates in other European markets.
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.
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.
TIS Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations +972 3 767 9114 TIS Investors: James Carbonara Regional Vice President, Hayden IR + 1 646 755 7412
