TEL AVIV, Israel, June 15, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) solutions provider, today announced that it has successfully implemented a digital mailroom solution in partnership with Williams Lea for a leading German bank. Williams Lea, a company specializing in business process outsourcing (BPO), is a subsidiary of Deutsche Post AG and a long-standing TIS partner.
TIS's eFLOW™ automates document-driven business processes and validates several document formats all on a single enterprise platform. Through the partnership, TIS and Williams Lea were able to establish a competitive advantage and win the business by creating a universal mailroom data content management system with fast, secure and accurate processing. The combined solution of Williams Lea and TIS's eFLOW Platform is capable of processing up to 300,000 pages per day, providing considerable cost savings.
"Developing solutions that can process accurately and meet secure standards while reducing costs is essential in today's financial sector. By standardizing its mailroom data content management system through our eFLOW platform, the German bank can now provide its customers with secure results as well as enhanced customer service. In addition, the Bank is able to reduce its costs thereby recognizing ROI from its investment in our technology," commented Michael Schrader, Managing Director EMEA at TIS.
He continued, "We are very excited to partner with Williams Lea on such an important project at one of the world's leading banks. Over the past 13 years, Williams Lea has used our solutions for more than 100 projects. The longevity of our partnership demonstrates Williams Lea's confidence in TIS as well as the strength of our technology."
About Williams Lea Document Solutions GmbH
Williams Lea is a subsidiary of the Deutsche Post DHL Group. Since 1997, Williams Lea has successfully established itself on the data capture and digitalization market. The product portfolio has been extended continually in line with market requirements and technological progress. Being a member of the Deutsche Post DHL group and bundling their solution portfolio enables Williams Lea to implement customized solutions for various requirements along the entire process chain, from logistics to digitalization and indexing, to archiving and destroying data in compliance with data protection law. Based on their extensive experience in document management, Williams Lea provides clients with a full service approach and customizes each module to the clients' individual requirements. By complying with the highest security and data protection standards, Williams Lea guarantees comprehensive document security for their customers.
About Top Image Systems (TIS)
Top 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 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 and strategic partners. Visit the company's website 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: Dana Rubin Director of Corporate Marketing and Investor Relations email@example.com +972 3 767 9114