eFLOW Intelligent Content Capture Solutions Gaining Popularity in Healthcare Industry
TEL AVIV, Israel and COLOGNE, Germany, June 11, 2012 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, today announced the final acceptance of the eFLOW purchase order solution by the largest pharmaceutical company in Germany. This leading provider of generic pharmaceuticals, off-patent and patent-free drugs in Germany processes its incoming purchase orders automatically using the eFLOW Purchase Order solution. By implementing this innovative solution, the company can respond efficiently to a steadily growing volume of purchase orders while at the same time optimize the cost-intensive customer returns process.
The decision to implement eFLOW was taken following an extensive market analysis, including a careful examination of various competing solutions' ability to comply with the strict purchasing system requirements and complex processes characteristic of the highly time-sensitive hospital logistics business. Top Image Systems' solution, thanks to its scalable platform and its very convincing benchmark results for a wide range of faxed order quality levels, was able to stand out against the competition.
The eFLOW Purchase Order processing solution automates the entire purchase order cycle, significantly accelerating this previously manual process. After the orders coming in via fax are digitalized, the system automatically captures all the relevant information, classifies it according to document type and then delivers it to the SAP back-end systems, routing the data via web services to the responsible employees and making it available company-wide. Thanks to an integrated set of rules and a central pharmaceuticals catalog, any medication ordered will be referenced automatically. The system also ensures compliance with any legal requirements concerning the purchase and trade of narcotic substances.
"Pharmaceutical companies require a powerful and technologically mature solution to map their highly sensitive and mission-critical processes of medication order logistics," explains Michael Schrader, Managing Director EMEA at TIS. "Our eFLOW platform gives them the capacity to process high volumes of structured as well as unstructured purchase orders, resulting in a highly usable, reliable and sustainable infrastructure that is able to support and accommodate the company's long-term dynamic growth. For customers such as IKA, the Greek Social Security institution managing prescriptions in eFLOW, to leading health insurance providers such as Merck, Generali, Barmer GEK and BKK Essanelle using eFLOW Invoice and Digital Mailroom solutions, Top Image Systems is familiar and comfortable managing the varied stringent regulatory and business requirements of healthcare institutions, which typically manage voluminous documentation whose data accuracy is of critical importance."
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 40 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.
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Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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