Hidden Gems

[midastouch017]

>>1/TISA :Target price: $3 Time:Feb 2006<<

Top Image about to announce advanced module for invoice handling
31.10.2005 | 14:21
Shirley Yom Tov

It is highly fashionable for tech companies to say, "We're transforming into a solutions company, not just a products company." Amdocs (NYSE:DOX), Check Point Software Technologies (NASDAQ:CHKP) and ECI Telecom (Nasdaq:ECIL) all did that, and now they are being joined by a smaller company, Top Image Systems (Nasdaq:TISA).

Shortly it will be releasing an announcement to that effect. The company, which specializes in solutions to clear documents in enterprises, will be unveiling the launch of eFLOW Ability, a new module allowing eFLOW systems to be integrated into SAP systems, to handle invoice confirmation and payment at enterprises.

Top Image's marketing and sales manager, Gideon Shmuel, says the new module advances the company's handling of invoices by two steps.

"So far Top Image handled mainly efficient processing of invoices into the enterprise computer system," he explains. "It checked the invoice details against various systems in the organization." In the event of mismatch between the invoice and the details in the system, users had to become manually involved.

The new product includes a screen installed in the ERP system: when a mismatch occurs, Shmuel says, information can be accessed from the ERP to confirm or amend the invoice more quickly.

He says Top Image has already sold four such systems to new customers in France, Germany, Switzerland and the U.S. The average price per system is about $150,000 and Shmuel estimates the four projects as being worth about half a million dollars.

"We presented the system to SAP users and their responses were very warm," Shmuel reports. "We are making an effort to get into SAP and are recruiting people with the appropriate expertise."

One option is to upgrade existing systems at a cost ranging from $30,000 to $100,000, he adds.

The company will be including sales of the new module in its forecast for 2006, Shmuel says.

Top Image is worth $23 million on Nasdaq. For the second quarter of 2005 it reported record sales of $4 million on which it netted $57,000.

http://tinyurl.com/cmp3j



Top Image Systems Introduces eFLOW Ability, an Enhanced SAP-Integrated Business Workflow
Monday October 31, 7:00 am ET

The New Offering Employs SAP Environment and Architecture, and Is Based on OEM Integration With KPS, Germany

TEL AVIV, ISRAEL--(MARKET WIRE)--Oct 31, 2005 -- Top Image Systems, Ltd. (NasdaqSC:TISA - News), a leading innovator of Data Capture solutions, introduced today the eFLOW Ability, a new integrated module into SAP systems for automated parking, approval and posting of invoices and any other document within SAP systems.

Top Image Systems (TIS) provides automated data capture solutions that improve enterprise business processes. eFLOW Unified Content Platform, TIS' leading software solution, integrates data from multiple sources and of different types, such as invoices, freight and shipping bills, purchase orders and others. TIS' solutions seamlessly deliver the extracted data to enterprise applications such as document and content management, ERP or CRM.

In addition to a seamless integration into SAP systems, eFLOW Ability offers a complete SAP-oriented business workflow and Accounts Payable and Accounts Receivable document processing, approval, and validation solution. This allows for an automated financial capture solution for invoices and purchase orders. Once an invoice is captured and automatically recognized, both the image and the extracted content are transferred to SAP R/3, verified against existing information, parked and sent through an inclusive yet specific approval for payment process. Utilizing a unique web server, non-SAP users may access the system and take part in the approval process of any invoice. The result is an open system with less bottlenecks and delays in critical processes.

eFLOW Ability is based on TIS' leading software, eFLOW Unified Content Platform, an end-to-end solution that streamlines the entire flow of information in organizations. eFLOW platform provides customers with a complete originally designed platform to handle any kind of document in any format from any source. eFLOW Ability adds an enhanced component to this solution.

eFLOW Ability is a result of a successful cooperation between TIS and KPS-concepts, a German-based company specialized in the development and integration of SAP business workflow solutions. The ability to seamlessly integrate into SAP R/3 creates a high-performance product line that companies can utilize to increase productivity, enhance the precision of entries and optimize cash management.

eFLOW Ability empowers users to streamline and accelerate the processing of invoices and any other document, take advantage of efficient accounts receivable and accounts payable management, eliminate periodic posting peaks, reduce errors and increase financial reporting accuracy and transparency.

Ido Schechter, CEO of Top Image Systems, commented, "In the past months, we have carefully analyzed the market situation and the potential for our products. We identified a growing demand for a SAP-based complete solution which integrates data capture with financial workflow systems. In KPS-concepts, TIS has found a strong partner with extensive SAP experience. Through this integration, SAP users are able to continue working with the familiar SAP environment while having access to the scanned documents and all the necessary extracted information. This integration fits well with TIS' long-term strategy, to achieve connectivity between the eFLOW platform and leading enterprise management applications and expand the solution we offer to our customers".

About Top Image Systems

Top Image Systems 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' eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 30 countries through a multi-tier network of distributors, system integrators, value added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.

http://biz.yahoo.com/iw/051031/099630.html

Dubi