Top Image Systems Showcases Next-Generation Accounts Payable Automation at Financials 2016 Vienna
eFLOW AP brings accounts payable operations an optimal combination of data extraction and validation, workflow, mobile capabilities and flexible deployment options within the familiar SAP environment
COLOGNE, Germany, June 14, 2016 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TISA), a global innovator of intelligent content processing solutions, today announced it will showcase its next-generation accounts payable (AP) automation solution eFLOW® AP to the European SAP community at the Financials2016 event being held in Vienna on June 20 – 22. The SAP®-certified solution provides a 360 degree view into AP processes within the familiar SAP environment, thereby providing an integrated view into the vendor invoice processing cycle—invoice data capture, workflow automation, automatic posting, line item extraction, exception handling and approval without leaving the familiar SAP interface. This is the key to delivering the real-time reporting and analytics required to improve operational performance, optimize cash flow and ensure compliance, control, and security.
The eFLOW AP solution builds on and extends TIS’ reputation for delivering scalable accounts payable automation solutions to some of the most well-known companies in the world, including leading enterprises across Europe.
The eFLOW AP solution, SAP-certified to run on SAP HANA®, extends the value of customers’ SAP investments by delivering seamless integration, flexible SAP workflows, simplified exception resolution and enhanced visibility into AP data, all within SAP. “The combination of OCR on the fly inside of SAP which enables users to control the entire AP process from inside SAP, ad-hoc real time analytics, a familiar environment, the elimination of data redundancy and the efficient leveraging of existing SAP infrastructure – including new SAP functionalities such as FIORI - offers great benefit and most importantly, a simplified user experience,” said Carsten Nelk, Chief Technology Officer at TIS.
“The demand for AP automation solutions, particularly within mid-market companies, is expected to remain strong,” comments TIS CEO Michael Schrader. “In an uncertain economic climate, finance executives are stressing the need for efficient and timely allocation of capital. Automating invoice processing empowers AP staff to provide real-time insight into key payment metrics such as Days Payables Outstanding, as well as useful analysis of supplier performance, including supplier discounts that can result in higher return on invested capital.”
Top Image Systems warmly welcomes Financials 2016 Vienna attendees to visit us in Booth 475 to learn more about the benefits of eFLOW AP.
