Job Title

Total Volume of Receivables Transactions Processed by Top Image Systems eFLOW® Remit Surpasses 50 Billion

TEL AVIV, Israel and PLANO, Texas – Top Image Systems Ltd. (NASDAQ: TISA), a global provider of solutions that facilitate digital business, today announced that the total volume of remittance documents processed by its eFLOW Remit receivables platform has surpassed 50 billion.

eFLOW Remit is used by four of the top five U.S. banks and three of the largest third-party lockbox  providers in the United States to process receivables data and images on behalf of more than 10,000 corporations, government entities and non-profit organizations, and 30,000 end users.

Managing more than $360 billion worth of receivables transactions each year in a highly scalable, secure and cost-effective environment, eFLOW Remit delivers fast, reliable and secure online access to data and images for consumer-to-business and business-to-business receivables applications. eFLOW Remit enables organizations to accelerate receivables posting, simplify exceptions resolution, enhance customer service, and strengthen compliance, control and reporting. Banks and third-party lockbox providers benefit from lower operational costs, stronger client relationships, new fee-generating revenue streams, and a better position for the emerging digital commerce environment.

eFLOW Remit stores data and images in redundant, geographically distributed data centers with a Tier 4 rating. The centers have a fault-tolerant infrastructure, redundant communications, and 99.995 percent availability as well as compliance with various regulatory, advisory, and private entities, including PCI, BSA, FFIEC and HIPAA.

“Receivables are the lifeblood of any business. But antiquated approaches to managing receivables data and images do not provide the ready access to all the information that decision-makers need to efficiently and cost-effectively post, control, and analyze cash. eFLOW Remit uniquely addresses these challenges by moving the management of receivables data and images to a secure cloud,” commented Top Image Systems CEO Brendan Reidy. “The cost-effectiveness, scalability and security of eFLOW Remit have made the platform the most trusted solution of its kind among the largest U.S. banks and providers of third-party lockbox services, and continue to drive the platform’s volume growth.”

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