Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Top Image Systems Ltd. (TISA) Completes Sweet Sale To Major European Sugar Manufacturer

|Includes: Top Image Systems, Ltd. (TISA)

Leading enterprise content management (ECM) intelligent content capture and delivery solutions provider Top Image Systems yesterday announced that a major European sugar manufacturer is implementing its eFLOW solution to automatically process all incoming invoices. The company, a private family enterprise with 2,028 employees, operates and maintains holdings in sugar factories throughout Europe. In order to automate its invoice process and approval workflow, this company is installing Top Image System's eFLOW Invoice Reader and eFLOW Invoice for SAP.

Top Image Systems' solution captures invoices in every format and then automatically extracts relevant data, delivering it into the manufacturer's SAP ERP system. eFLOW Invoice for SAP then controls the extended invoice processing workflow, including matching data in the invoices to supplier information that is stored in the SAP database. This frees up valuable time for employers and speeds up the invoicing process, which enables companies to be eligible for early payment discounts and, simultaneously, improve supplier satisfaction.

The leading sugar manufacturer set goals for this project to reduce the amount of manual work in its accounts payable department, as well as to accelerate the invoicing process and seamlessly integrate with its SAP system. Upon careful consideration of the various available solutions, Top Image Systems' eFLOW was selected due to its deep SAP integration, the high-quality local service of Top Image Systems and the company's exemplary references in the Cologne region.

"We believe that the solution will not only achieve but exceed their stated aims," said Michael Schraeder, managing director of Top Image Systems EMEA.

A leading innovator of enterprise solutions for managing and validating content that enters organizations from various sources, Top Image Systems delivers the content to applications that drive the organization - whether it is originating from mobile, electronic, paper, or other sources. The company's eFLOW Platform is a common platform for its solutions. Top Image Systems markets its platforms in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers, and strategic partners.

For more information, visit

Sign up for "The Mission Report" at