Top Image Systems and Medius announce partnership to provide customers with a comprehensive end-to-end EDI solution and business workflow

26 November 2008

Top Image Systems, Ltd. (TIS) (NASDAQ: TISA, TASE: TISA), the leading innovator of intelligent document recognition, and Medius AB, the leading full service provider of process-related IT support, announced today an extended European wide technology and sales alliance.

Through this partnership, customers are provided with an efficient automated financial capture solution for invoices and purchase orders, from purchase to payment, which reduces processing costs. TIS’s eFLOW solution offers automated data capture capabilities for all incoming information, including supplier invoices, checks, purchase orders and related documents; while Medius’s workflow product, MediusFlow™, captures and manages financial information and integrates it seamlessly with customers’ enterprise resource planning (ERP) systems. Collectively, the eFLOW and MediusFlow solutions provide customers with complete EDI capabilities. The combination of these complimentary technologies offers a compelling solution for customers that are looking to further leverage their investment in their ERP systems.

Dr. Ido Schechter, CEO of TIS, commented “Medius’s cutting-edge expertise combined with being a Microsoft Gold Certified Partner company makes this partnership ideal. Medius’s workflow product, MediusFlow™, combined with eFLOW will enable us to provide our customers with a complete end-to-end solution. Our focused partnership with Medius strengthens TIS’s offering in the accounts payable segment and better positions us within the European marketplace. We view Medius as an extension of our own business and will work closely to continue to provide our customers with superior quality and functionality.”

Further, Medius will offer TIS solutions and support to its customers, and both companies will collaborate to develop new features based on their combined customer feedback.

"Our robust integration with TIS’s eFLOW solution creates a high-performance product line that our clients will be able to utilize, increasing their productivity and perfecting their overall workflow,” commented Per Nordling, CEO of Medius. “TIS’s vast understanding of data capture and workflow systems along with their deep understanding and strong presence in the European market will enable us to offer our clients a complete solution as we work together to expand our market reach”.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development