The Swiss Post Chooses TiS AFPSPro for its Automated Forms Processing Project
biz.yahoo.com
Monday June 21, 8:29 am Eastern Time
Company Press Release
SOURCE: Top Image Systems, Ltd.
TEL AVIV, Israel, June 21 /PRNewswire/ -- TiS -- Top Image Systems, Ltd. (Nasdaq: TISA - news, TISAW - news) announced today that the Swiss Post, the undisputed leader of mass payments traffic in Switzerland, has chosen TiS' award-winning AFPSPro automatic forms processing system.
This initial project encompasses the Swiss Post's 3,500 branches. Each branch faxes up to four different types of forms to one central office for processing every day. TiS won the project following a successful benchmark process last month.
''We are proud to be associated with such a prestigious and diverse organization as the Swiss Post,'' said Mr. Izhak Nakar, TiS Chairman and CEO. ''We look forward to continuing our cooperation in the future and believe that this is the first in a long line of successful projects within the Swiss market. This project positions TiS as a leader in the postal vertical market, with additional successful installations in Germany, announced earlier this year.''
Mr. Gerard Rumo and Mr. Beat Stotzer, both from the Swiss Post, commented, ''We chose TiS' AFPSPro because their system offered us the cost-effective data entry solution we were searching for, as well as the quality of results we required. We were very impressed by the system's significant recognition rates and the ability to easily integrate various engines. AFPSPro offers extraordinary flexibility throughout the entire process, as well as the ability to oversee and control the process and zoom in on problems before they evolve. AFPSPro was the complete solution for us.''
TiS -- Top Image Systems, Ltd., develops and markets form processing, information recognition and data entry software, systems and technologies. The Company's software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS' award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. For more information on TiS, you can visit the Company's Web Site at www.tis.co.il .
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company's United States Securities and Exchange Commission filings.
SOURCE: Top Image Systems, Ltd.
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