TEL AVIV, Isreal, Sept. 12, 2012 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) , a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, announced that its long-time eFLOW® Digital Mailroom customer Iberdrola, a leading energy supplier in Europe, North and South America, has successfully implemented eFLOW® for a unique executive boardroom application that captures, recognizes, processes and delivers reports for surveys filled in by its board members during boardroom sessions. The application has met with great satisfaction and is expected to interest numerous other enterprise customers. On September 20, 2012 Inaki Maruri Hernaez, who is in charge of Document Management for Iberdrola, will make a presentation at the TIS Business Breakfast in Madrid covering this and other successful eFLOW applications deployed at Iberdrola. Iberdrola has deployed eFLOW Digital Mailroom to capture documents at some twenty locations across Spain and transfer them to a central processing site in Bilbao; the solution processes some one million unstructured and another million structured and semi-structured documents per year. The system has automated customer claims and requests, training procedures, electricity distributor invoices and other document-related workflows. eFLOW's powerful classification has improved regulatory compliance. eFLOW reduces errors and processing time and enables Iberdrola's customer service reps and account managers to get information faster, spend less time on routine tasks, meet departmental SLAs and most important, give better service to their customers. " eFLOW Digital Mailroom has let Iberdrola standardize its document-based processes, employing specialized data entry users to increase efficiency. Iberdrola selected eFLOW for its flexibility; we can do anything, from simple to complex tasks, by customizing with additional code," explains Inaki Maruri Hernaez. "We have many new eFLOW document automation and standardization projects planned for the next years. Today we can receive documents in the U.S. and handle them in Spain, and next year we will begin capture in UK, extending to other Iberdrola countries in Europe and America." "Iberdrola is an excellent example of the intelligence that eFLOW can provide when implemented expertly," remarked Michael Schrader, Managing Director, TIS EMEA. "We are enthusiastic about the business potential of the executive capture application they have piloted. We are very impressed by the results that Iberdrola has achieved using eFLOW Digital Mailroom and by the value the company derives from the some 2000 persons that the solution services. We trust that this successful project and Sr. Maruri's presentation at the upcoming Business Breakfast will generate many new opportunities in the Spanish market." About Iberdrola Iberdrola is a private multinational electric utility company based in Bilbao, Spain. Iberdrola has a workforce of around 33,000 employees in over 40 countries on four continents serving around 30 million customers. Subsidiaries include Iberdrola Renovables; Iberdrola Portugal, Scottish Power, Iberdrola USA, Elektro (Brazil), Electropaz (Bolivia) and others. Since embarking on a growth plan in 2001, Iberdrola has become Spain's largest energy group and one of the world's largest utilities in terms of market capitalization and the global leader in wind energy.
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.
CONTACT: Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations firstname.lastname@example.org +972 3 767 9114 Investors: James Carbonara Regional Vice President, Hayden IR email@example.com + 1 646 755 7412