TEL AVIV, Israel, Sept. 11, 2012 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, announced a six-figure win and smooth deployment of the eFLOW ® Banking Platform solution in partnership with Mikrocop d.o.o. at the Croatian subsidiary of a leading European banking group based in Austria. Following a successful POC, the bank selected the eFLOW ® Banking Platform to automate document-driven payment and loan approval processes across more than 70 branches throughout Croatia, improving regulatory compliance, reducing errors and process cycle time and ultimately increasing responsiveness to its customers. Using the eFLOW ® best practice business process, customers fill in the semi-structured payment order and loan request forms at the bank's branches; then the branches scan the forms and transmit them to the central document processing center, where eFLOW ® recognizes, classifies and processes them and finally exports them to the FileNet archive and Alfresco ECM systems. The optimized, automated process increases productivity, speeds processes and reduces manual errors. The project was implemented smoothly and entered by production by mid-2012. Following the successful implementation to date, the bank is considering expansion to check processing, signature verification, extension to a mobile capture platform and Digital Mailroom. "We have been very pleased with the project's progress to date," remarked Nenad Orban, Project Manager, Mikrocop. "The solution was implemented to spec and on schedule, with the support of expert professional services. We are sure that the successful project at the bank will have positive impact and generate a wealth of opportunities in the region, both at other banks, in the postal industry and at a variety of other Croatian enterprises requiring archiving." "Top Image Systems is proud to see another demonstration of our growing success in the European financial sector," said Michael Schrader, Managing Director, TIS EMEA. "The rigorous regulatory requirements and customers' increasing demands for faster and better service are challenging banks to accelerate their document-driven processes; eFLOW was designed to automate and optimize these processes and therefore we significantly help financial institutions meet these challenges." About Mikrocop Mikrocop supports TIS solutions used in document and data capture, process automation and secure long-term document storage projects at leading enterprises across Central Europe, in particular in Slovenia and Croatia.
About Top Image SystemsTop 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. The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212 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.
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