Top Financial Services Group in Southeast Asia Selects Top Image Systems for Trade Finance Solution

TEL AVIV, Israel and PLANO, Texas, Oct. 10, 2017 -- Top Image Systems, Ltd. (NASDAQ:TISA), a global provider of solutions that facilitate digital business, today announced that one of the largest financial services group in Southeast Asia, with over 500 branches, has selected Top Image Systems to implement an automated Trade Finance document processing solution.

The Trade Finance Operations Department receives approximately 10,000 documents daily from various channels. Documents received require manual data entry for validation through highly labor-intensive and error-prone manual processes, resulting in process inefficiencies and increased transaction costs.  

The automated TIS Trade Finance document processing solution automates the capture, recognition and classification of incoming documents. Utilizing its advanced machine learning technology, the solution processes a wide range of document templates and automatically transfers text and handwritten content into the enterprise trade processing system, thereby improving customer service levels and reducing transaction costs. The Trade Finance Operations Department is well positioned to gain better insight to their customers, accelerate decision-making, and, in the long term, embrace new emerging technologies such as Blockchain.

“We are encouraged by the traction we are seeing in the Asia Pacific region for our banking automation solutions that encompass digital mailroom, cheque processing, trade finance and sanctions screening,” commented Brendan Reidy, CEO. “Banking and financial services represent a significant contribution to our overall revenue mix globally. We are poised to capitalize on the increased investments that banks and financial services organizations are making to automate highly labor-intensive processes in order to reduce transaction costs and improve customer service levels.”

About Top Image Systems

Top Image Systems™ (TIS™) Ltd. is a global innovator of on-premise and cloud-based applications that optimize content-driven business processes such as procure to pay operations, remittance processing, integrated receivables, customer response management and more. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications, transforming information entering an organization into useful and accessible electronic data, delivering it directly and efficiently to the relevant business system or person for action with as little manual handling as possible. TIS solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at https://www.topimagesystems.com/ for more information.

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 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.

Contacts: 

TIS Company Contact:
Camille Womack, Director of Corporate Marketing
[email protected] (214) 256-4600 

TIS Investors Contact:
James Carbonara, Regional Vice President, Hayden IR
[email protected] + 1 646 755 7412