U.S.-based Technology Company Selects Invoice Processing Solution from Top Image Systems
Focus on Accounts Payable Automation Solutions Aimed at the US Mid-Market Lands US$115,000 Deal
TEL AVIV, Israel and PLANO, Texas, April 13, 2016 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (TISA) a global innovator of intelligent content processing solutions, announced today that the company has signed an agreement to deploy an accounts payable solution for a U.S.-based technology company. Developing hardware and software technologies for sign manufacturing, packaging and other products, this company processes approximately 100,000 invoices per year in its SAP ERP system through several global shared services centers.
The company was challenged by its decentralized, distributed invoice management and multiple line item invoices and sought to optimize the process and achieve efficiencies of scale. The new solution streamlines and automates error-prone manual keying as well as discrepancy handling of incoming invoices, eliminating errors and achieving greater visibility into accrued liabilities and invoice payment status.
“Top Image Systems has expanded its portfolio of accounts payable solutions in the US; with our strategic focus on Financial Process Automation and launch of an AP Automation solution suite on premise, hybrid and in the cloud targeting also the mid-market, we expect to see increased sales in this market sector in the U.S.,” commented Bob Fresneda, President, TIS Americas. “We have invested in extended AP Automation training for our sales, pre-sales and support staff in the region. We are prepared to help this technology company and all our invoice processing customers across the U.S. to achieve improved straight through processing of invoices, reduced AP cycle times and gain clear visibility into cash flow.”
