AIMS Logistics Selects Top Image Systems to Streamline its Invoice Processing.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel -- Top Image Systems, Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TISA Tisa, river: see Tisza. ), a leading innovator of Data Capture solutions, announced today that AIMS, one of the largest freight payment and transportation service companies in the USA, has selected Top Image Systems' eFLOW to automate and standardize its invoice processing. Top Image Systems (TIS) provides automated data capture solutions that improve enterprise business processes. eFLOW Unified Content Platform, TIS' leading software solution, integrates data from multiple sources and of different types, such as invoices, freight and shipping bills, purchase orders and others. TIS' solutions seamlessly deliver the extracted data to enterprise applications such as document and content management, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. or CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. . AIMS Logistics is a global provider of custom freight payment solutions, transportation management solutions, and dedicated and brokered truckload truck·load n. The quantity that a truck can hold. truckload n → camión m lleno services to Fortune 1,000 companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. AIMS captures critical transportation information from freight invoices of more than 5,000 carriers. AIMS' NetSuite, a web-based query, exception resolution portal and reporting tool, allows clients to better manage their logistics expenditures by analyzing data captured from freight invoices. TIS' eFLOW was chosen to automate and standardize the processing of 80,000 invoices that are currently being manually keyed into AIMS' NetSuite each week. Cecil Bryan, Director, Key Business Projects for AIMS, expects TIS' eFLOW to drastically lower AIMS' processing cycle time and provide up-front visibility to the valuable information contained in each invoice. eFLOW will allow AIMS to enhance its proactive management of the processing environment by automating the workflow, eliminating multiple processing "touch points" and allowing real-time tracking of scanned invoices from initial receipt until final payment to the carrier. This will be a tremendous benefit not only to AIMS' clients, but also to the many carriers that regularly inquire about the status of their invoices. eFLOW is an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that streamlines the entire flow of information in organizations. It provides customers with a complete, originally designed platform to handle any kind of document in any format from any source. At AIMS, eFLOW will process a wide range of both single and multi-page freight invoices. TIS' CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dr. Ido Schechter, commented, "TIS is proud to support AIMS' objective of increased efficiency in its operations. Over the years, we have acquired vast experience in handling logistics-related processes and in-depth understanding of our customers' needs. AIMS choice of eFLOW is additional proof that it is employing the industry's best practice technology in order to better meet the needs of its growing customer base." About AIMS Logistics AIMS Logistics, Collierville, Tennessee Collierville is a city in Shelby County, Tennessee and a suburb of the Memphis metropolitan area. As of the 2000 census, the town population was 31,872. More recent estimates hint that the city's population is very far above 40,000 people due to extensive housing starts and a , provides highly customized freight payment applications and develops logistics cost reduction solutions for Fortune 1,000 companies in North America and Europe. AIMS' unique business model is to only work with very large volume shippers, which allows them to provide a higher level of customer service due to its smaller client base. For more information, visit the company's website www.aimslogistics.com. About Top Image Systems Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS' eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 30 countries through a multi-tier network of distributors, system integrators, value added resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. 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 plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), the Company's ability to successfully integrate TIS Japan, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. (including litigation over intellectual property rights), 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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. |
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