TEL AVIV, Israel and COLOGNE, Germany, June 17, 2013 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq:TISA), a leading Enterprise Content Management (ECM) intelligent content capture, workflow and delivery and mobile payments solution provider, announced today that a leading insurance provider in Switzerland has selected TIS's eFLOW® Digital Mailroom to implement end-to-end digital case management. Operating a broad network including some 80 general agencies and 60 branch offices, the company will start processing 20,000 documents per day with eFLOW and eventually scale up to 55,000 per day in three languages. In future the project will expand to leverage the new functionalities featured in the newly launched eFLOW5. The first phase of the project starts with input management - scanning and capturing and complex document classification with eFLOW – and will expand to electronic workflow and integration of eFLOW into the final digital case management system. The solution will enable same-day processing of claims and other forms, from address changes to questionnaires to damage assessments, etc. Michael Schrader, CTO and VP Global Solutions TIS commented, "We are glad that this important customer recognizes the value and potential of eFLOW's powerful capture and workflow technology for driving customized end-to-end solutions. We have earmarked them to be a signature Digital Mailroom reference customer where we will showcase powerful functionalities." Continued Mr. Schrader, "This is another major win for us in Switzerland, and I would like to thank all members of the team that prepared the excellent demonstration and ran the successful workshop that caused TIS to win this project," continued Mr. Schrader. "We are happy to note the expansion of Digital Mailroom sales to Switzerland in alignment with our scalable strategy to expand the range of solutions we promote across all regions. We are sure that following the successful efforts of the Digital Mailroom team to secure this win and create a reference in Switzerland, many similar projects in this region will follow."
About Top Image SystemsTop Image Systems (TIS) 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 the content to applications that drive the organization. TIS's eFLOW™ 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. Visit the company's website 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 Europe and 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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