Top Image Systems Announces New Workflow Capability to Enhance Its Accounts Payable & Invoice Processing Solution

Top Image Systems, Ltd. (NASDAQ:TISA), a leading innovator of intelligent document recognition solutions, has announced the integration of Tranmits Sprinter workflow. The combined offering will provide TiS clients a complete Accounts Payable and Accounts Receivable document processing, approval, and validation solution. The integrated solution will enable clients of both TiS and Tranmit to enlarge their capabilities and to manage their AP processes and invoice resolution.

Headquartered in the UK, Tranmit plc supplies eProcurement and ePayables solutions to leading organisations across the globe and is the developer of the award-winning Sprinter suite of products. Since 1996, Tranmit has specialised in deploying its Sprinter document management and workflow solution to streamline and automate business processes, focusing on the area of Accounts Payable and purchasing.

Top Image Systems (TiS) provides automated data capture solutions that improve enterprise business processes by integrating data from multiple sources and of different types, including but not limited to invoices, freight and shipping bills, and purchase orders. TiS solution seamlessly delivers the extracted data to enterprise applications such as document and content management, ERP, and CRM.

Through this partnership, both companies will offer a complete Account Payable and Receivable solution: an automated financial capture solution for invoices and purchase orders.

Gideon Shmuel, Managing Director of TiS Europe, has commented, "In the past months we have carefully analyzed the market situation and the potential for our products, taking into account the needs and desires of our customers. It has become increasingly clear that the integration of data capture solutions with financial workflow systems plays a key role in the decision-making process for an integrated software solution. Tranmit has the highest level of competence in this domain, with several significant references. In the next few months, our joint strategy will bring the market a unique solution, eFLOW, for automated invoice entry with financial workflow integration.