TIS’ eFLOW to classify 30 million documents for Computershare, a world leading financial services provider to the global securities industry
eFLOW to replace a competing system
Tel Aviv, Israel – February 1, 2010 –Top Image Systems, Ltd. (Nasdaq: TISA; TASE: TISA), the leading innovator of intelligent document recognition, and Raven Imaging, a specialist in the supply and maintenance of imaging software, hardware and storage equipment in South Africa, announced today that they have been selected by Computershare South Africa to process, index and classify more than 30 million documents and convert them into electronic records.
Computershare South Africa is a subsidiary of Computershare Limited, the world’s leading financial services and technology provider to the global securities industry. Computershare South Africa provides services to 83 percent of the companies listed on the Johannesburg Stock Exchange (JSE).
TIS’s eFLOW will enable Computershare South Africa to convert its stock exchange listed clients’ share transfer records into electronic records. These records comprise of eight different forms including share transfer forms, share certificates, dematerialisation receipts and similar documents evidencing shareholders rights to listed securities.
In order to ensure the highest level of local support, TIS has joined forces with Digital Archiving Systems (DAS), a leading hosted content management and advanced forms processing technology provider throughout the African continent.
Ronald Melamed, owner of DAS commented: “Using TIS’ eFLOW, an average of 22,000 documents are processed per day. The main advantages of eFLOW in this project are its ability to substantially reduce the manual capture requirements over the full range of forms and other documents being processed and to be able to deal with the wide range in quality of the images. eFLOW therefore not only reduces editing costs, but also improves the accuracy of the metadata. In addition, the statistics produced by eFLOW are useful in generating meaningful production reports.”
Jonathan Scott, the CEO of Raven Imaging remarks that, “eFLOW is the only document recognition system that has been capable of meeting the requirements of this very demanding project. Its high intelligence levels provide it with the flexibility to interpret most of the array of images we have encountered. Our experience of eFLOW, and the support we have received from TIS and DAS in its implementation makes it our document recognition system of choice.”
Mr. Gelb, Executive VP of TIS concluded: “This win further establishes our presence in South Africa and once more validates eFLOW’s technological superiority. We are happy to meet the strict requirements of this high volume project that brings together strong players and present an extended offering that may serve other projects in the future”.
About Raven Imaging
Raven Imaging specializes in the supply and maintenance of imaging software, hardware and storage equipment in the South African and broader African market. The approach is unique in that it defines the problem from a solution perspective to ensure little or no down time is experienced. The focus is on facilitating the smooth operation of any system that is dependent on imaging and storage. Raven is nationally represented and provides service and maintenance on the following product range: Fujitsu, Bell Howell, and Kodak scanners, Hewlett Packard, Pioneer, Plasmon and ATG Cygnet optical Jukeboxes. For more information visit www.ravenimaging.com
About Computershare
Computershare (ASX: CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialized financial and communication services. Many of the world's largest companies employ our innovative solutions to maximize the value of their relationships with investors, employees, customers and members.
Computershare has approximately 10,000 employees across the world and serves 14,000 corporations and 100 million shareholders and employee accounts in 17 countries across five continents. For more information visit www.computershare.com
About Digital Archiving Systems
Digital Archiving Systems (DAS) has been providing solutions in the field of imaging since 1996. DAS is a leader in hosted document management and advanced forms processing technology. DAS also runs an outsourcing bureau for back scanning or ongoing scanning and data capture requirements. Based in South Africa, DAS provides solutions throughout the whole African continent.
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