September 14, 2009 (FinancialWire) — Top Image Systems, Ltd. (NASDAQ: TISA) (TASE: TISA), the leading innovator of intelligent document recognition, said its eFLOW Invoice Reader solution was selected by Cetelem to automate and increase the efficiency of their supplier invoice process.

Cetelem, a subsidiary of the BNP Paribas Group, is leader in the consumer credit market in Spain. TIS competed against the main solution providers in the market and ultimately won the technological benchmark. Cetelem concluded that eFLOW Invoice Reader was the superior solution, with the best customer support service, at a competitive price.

The eFLOW Invoice Reader will help Cetelem accurately process all their supplier invoices on a daily basis, while effectively integrating with the Microsoft Dynamics-NAV ERP they currently use. Implementing eFLOW Invoice Reader in just one month has allowed Cetelem to run their business more efficiently, enabling them to cut costs in this turbulent economy. Overall, eFLOW Invoice Reader has enabled transparency across Cetelem’s accounts payable department as well as other processes, creating a smoother, better managed process.

Omri Gelb, Executive VP commented, “Winning the Cetelem account is part of a series of continuous success and further strengthens our position in the banking vertical and European market in general. We look forward to helping the Cetelem improve their invoice processing workflow as well as helping the Spanish division develop a strong partnership with the BNP Paribas Personal Finance Group. Other financial institutions are following close behind. Once again our high standard for quality, superior service and swift implementation has enabled us to outperform our competitors.”

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.