TEL AVIV, Israel and COLOGNE, Germany, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile image processing solutions provider, announced a six-figure eFLOW Digital Mailroom win at a Central Bank in Europe; the bank is fully owned by the federal government of its home country and plays an integral part in both the European System of Central Banks (ESCB) and the Eurosystem.
Following a short list including three competitors, the bank chose the eFLOW® mailroom automation solution to manage its current volume of some 300,000 documents per year. The prestigious financial institution selected eFLOW because of its high-performance, multiple-OCR/ICR-engine recognition platform and because of its open architecture and scalability. In future, the Bank has plans to expand its document process automation, aiming to employ eFLOW to process its financial statements as well as to implement the eFLOW INVOICE solution for automated AP processing.
"Top Image Systems is proud to continue to win the confidence of important institutions in the public sector, not only in Europe but worldwide," comments Egbert Fischer, Dipl. Ing. Managing Director, North EMEA. "The eFLOW platform was chosen by this influential financial institution, not only for its effective functionality and cutting-edge technology, but also because of the strong references in its home country and throughout Europe, organizations that rely on eFLOW for industry-leading software innovation, expert technical support and services and best practice banking process management."Continued Mr. Fischer, "We trust that our relationship with this Central Bank will grow and bring more new opportunities to TIS in the banking sector, an industry in which eFLOW's best-in-class recognition rates and tailored business processes facilitate banks achieving high rates of straight-through-processing, reduced costs and rapid ROI."