New Partnership Achieves Rapid Success with First Project Live in the U.S. and Four Additional Projects in Implementation
Top Image Systems Ltd. (NASDAQ: TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solutions and MIP (Mobile Imaging Platform) provider, and Hanse Orga, an independent software and consulting firm that covers all financial areas from treasury management to reconciliation solutions, today announced a global partnership to offer capture-enabled Accounts Receivable payment processing and related financial solutions for SAP® as well as for other ERP environments. Only a few weeks after initiating the cooperation, the companies have implemented a live joint FinanceSuite AutoBank Automatic Cash Application and eFLOW® AR project at a major automotive parts supplier in the U.S., and four other projects around the world have been approved and are in different phases of deployment.
With this joint approach, customers are able to automate an area of accounts receivable which used to be dominated by manual processes before: the processing of remittance advices that arrive in many different formats such as e-mail, PDF, etc via different channels. Such diversified types of remittance advices can now be captured with eFLOW® which automatically extracts, classifies and verifies the information from documents which is then fed directly into the FinanceSuite AutoBank Automatic Cash Application for further processing and automatic matching. Using the joint solutions of TIS and Hanse Orga, customers will benefit from significant time and cost savings.
Recognizing the business value of the joint solution for their customers, the two companies immediately embarked on joint sales ventures and have begun to define a joint process going forward with regards to sales pipelines, order management and implementations. A joint marketing program has already been launched, including a TIS speaker at the recent Hanse Orga European Customer Conference, plans for a joint marketing event alongside the 2015 SAP Financials Conference in Las Vegas and for TIS participation at the first Hanse Orga U.S. Customer Conference to be held in the summer. In addition, the partners are pursuing joint development activities to extend the existing joint solution to automate broader AR functionalities.
“The value of our partnership with Top Image Systems is rapidly proving itself in the field, where we already see proof positive in the form of several active customer deployments in progress worldwide, including at the U.S. operations of one of the world’s largest automotive part suppliers. We are confident that the combined high software quality and industry knowledge of both companies will serve both existing and new Hanse Orga customers and customers will benefit from significant efficiency gains in their daily A/R processes.” commented Sven Lindemann, CEO Hanse Orga.
“We have been long aware of Hanse Orga’s excellent reputation as a provider of superior quality software and services, and now we have proof that this reputation is well-deserved. We are very enthusiastic about working together with Hanse Orga to extend both our product portfolio and our customer base in Accounts Receivables and other diversified financial solutions, as well as going forward to build joint market share in the Accounts Payable sector, especially in the U.S.,” stated Michael Schrader, CEO Top Image Systems.