By implementing the multichannel eFLOW solution, the manufacturer will significantly increase efficiency, reduce errors and shorten process cycle time. The system will minimize manual data entry and enable automated digital capture, processing and approval of all incoming invoices and sales order confirmation notices, whether received via post, email or mobile - and in any file format. Not only will the company reduce expenses by being eligible for early payment discounts and by avoiding late penalties, but by eliminating time-consuming and tedious routine manual processing tasks, the employees in the accounts department will be able to invest their time in more productive, value-added activities. In future, the company is considering expanding the eFLOW® implementation from AP and sales order automation to manage processing of all incoming documents across the enterprise.
"We are very pleased that this important European manufacturing group has selected eFLOW INVOICE to automate their accounts payable and sales order processes," commented
Top Image Systems™ (TIS™)
Top Image Systems 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
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