|TIS Successfully Delivers Mailroom Solution to One of the Biggest Health Insurance Companies in South Africa
The Company Uses TIS' eFLOW to Automate the Processing of
Over 25 Million Documents Received Annually
TEL AVIV, Israel, Aug. 11, 2010 (GLOBE NEWSWIRE) -- Top Image Systems,
Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content
Management) innovator of intelligent document recognition, announced
today that it has successfully delivered a mailroom solution to a
leading health insurance company in South Africa. The new customer uses
TIS' eFLOW to index and classify more than 25 million documents
received annually and to convert them into electronic records.
TIS' eFLOW captures and extracts data from more than 280 types of
documents that the customer receives by mail, fax and electronic means.
The resulting data and images are exported into a workflow application
and a content management repository for archiving. The solution is
fully integrated through web services into the organization's CRM
TIS' eFLOW enables the customer to achieve a 70% increase in
productivity, a shorter processing cycle and improved customer care.
TIS recently announced an additional achievement for its mailroom
solution at Generali Group, the third largest insurance company in
"We are very pleased to have been selected by this major insurance
company. Our eFLOW mailroom solution is well suited for handling the
company's extensive requirements, while ensuring a rapid ROI," said Mr.
Gelb, Executive VP of TIS. "This deal is additional proof of our
superior ability to support multinational customers' needs for
improving the effectiveness and efficiency of document handling
processes and cut operational costs."
About Top Image Systems
Top Image Systems is the leading innovator of enterprise solutions for
intelligent document recognition, data extraction and validation of
content entering organizations from various sources. Whether
originating from electronic, paper or other sources, TIS solutions
deliver the content to applications that drive the organization, such
as ERP, CRM, IPS, PPC-systems and other operational application
systems. TIS' eFLOW Unified Content Platform is a common platform for
the company's solutions. TIS markets its platform in more than 40
countries through a multi-tier network of distributors, system
integrators, value-added resellers as well as strategic partners and
direct sales. Visit the company's website
http://www.topimagesystems.com for more information.
The Top Image Systems logo is available at
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.
CONTACT: Top Image Systems Ltd.
Dana Rubin, Director of Marketing and Investor Relations
+972 3 767 9100
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