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Technology Stocks : Top Image Systems Ltd. (TISA) -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (380)	1/19/2006 7:09:48 AM
From: midastouch017	Read Replies (1) \| Respond to of 436

Maybe today ? Top Image Systems and 170 Systems Extend Worldwide Technology and Sales Alliance to Better Serve Joint Customers Thursday January 19, 7:00 am ET Integration Delivers Automated Financial Capture Solution That Streamlines Business Processes, Reduces Costs and Strengthens Internal Controls TEL AVIV, ISRAEL and BEDFORD, MA--(MARKET WIRE)--Jan 19, 2006 -- Top Image Systems, Ltd. (NasdaqSC:TISA - News), the leading innovator of data capture solutions, and 170 Systems, Inc., the proven leader in delivering software solutions that manage and optimize financial processes, today announced an extended worldwide technology and sales alliance that will help customers manage invoice processing more efficiently. The 170 MarkView® Financial Suite and eFLOW Unified Content Platform have been selected by joint customers that include a leading European mobile network operator, a support services organization and a major construction company. Through this partnership, joint customers are provided with an automated financial capture solution for invoices and purchase orders, from purchase to payment, which reduces invoice-processing costs. Top Image Systems (TIS) eFLOW solution offers automated data capture capabilities of any incoming information, including supplier invoices, checks, purchase orders and related documents, while 170 MarkView Financial Suite captures and manages financial information and integrates it seamlessly with customers' enterprise resource planning (ERP) systems. The combination of these complimentary technologies offers a compelling solution for Oracle and PeopleSoft enterprise resources planning (ERP) users looking to further leverage their investment in that technology. By leveraging the combined TIS and 170 Systems offering, customers can reduce costs associated with paper-based information and manual data entry; strengthen internal controls through automated workflows that segregate duties at the transaction level, mitigating financial risk; and improve service levels by improving the speed and accuracy of invoice processing. "We are pleased to be expanding our alliance with a leader in financial technology," said Dr. Ido Schechter, CEO of TIS. "We have already experienced success through our work with 170 Systems in a number of global organizations and realized an opportunity to leverage our combined expertise in the area of improving financial operations and increasing productivity. We are looking forward to bringing even more organizations the capabilities and power that our joint efforts have to offer." "We continuously strive to offer our customers the best solutions on the market through internal development as well as partnering with other best-of-breed technology providers that complement our offerings," said David Ellenberger, CEO of 170 Systems. "TIS is a natural fit for us as we continue to provide companies with the ability to improve their financial organizations by streamlining their existing business processes." 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. biz.yahoo.com Dubi