TIS Announces Strategic Partnership with FDM Document Dynamics

Tel Aviv, Israel - 1 July 2008

Top Image Systems, Ltd. (TIS) (NASDAQ: TISA, TASE: TISA), the leading innovator of intelligent document recognition, and Contempus, the leading supplier of software solutions and expertise in Enterprise Information Management, today announced a system integration partnership with FDM Document Dynamics, the Italian shared service and outsourcing leader in document management services and solutions. This agreement joins a previous technological partnership between TIS and Contempus to offer customers an end-toend solution independent of their ERP system.

FDM Document Dynamics will offer a joint TIS and Contempus solution to the Italian marketplace for end-to-end management of accounts payable, from the purchase order to the payment (P2P) to the supplier. The solution will integrate seamlessly to any ERP, and will be offered as a complete amalgamation of the invoicing process with other company functions and systems. Once implemented, the solution will lead to substantial cost savings, significant qualitative improvement of information, and maximum control of the accounting process. Further, it offers secure web-based access from anywhere.

Dr. Ido Schechter, Chief Executive Officer of Top Image Systems commented, “The advanced technological capabilities of the TIS solution are a perfect match for FDM’s target customers. The advantages that FDM provides in terms of distribution and services are unsurpassed and we are extremely pleased to work with them to provide this end-to-end accounts payable solution to the Italian market.”

Silvio Tarantino, General Manager of FDM Document Dynamics added, “TIS clearly has the industry-leading solution in this area. We believe that this offering will be of interest to all commodity sectors in our distribution channels, but specifically beneficial to businesses with vast supply chains, such as retail, manufacturing and services.”

Petter L. Hansen, International Sales Director of Contempus said, “Our partnership with TIS will be further strengthened by the FDM business, and we are truly excited to open this new channel in the Italian marketplace. We are also proud that a company with the reputation and market presence of FDM has chosen our technology, and look forward to a successful relationship.”

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