TOP IMAGE SYSTEMS AND TAULIA SIGN GLOBAL SAAS PARTNERSHIP AGREEMENT; REPORT FIRST JOINT CUSTOMER

Meeting Customer Demand Through Subscription Sales is Key Driver for Integrating Complementary Solutions

Top Image Systems Ltd. (Nasdaq: TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider and Taulia Inc., the market-leading SaaS platform for supplier financing, eInvoicing and supplier portals, announced a worldwide strategic partnership between the two companies. The partnership agreement outlines that TIS and Taulia will both resell each other’s financial process improvement solutions worldwide to each company’s respective installed base, as well as to new customers.

The first joint customer, Europe’s largest international bottler, will achieve even higher efficiency and cost savings beyond the €1M+ already realized by deploying TIS’ eFLOW® Invoice for SAP, by integrating Taulia’s financial solutions to optimize working capital in its financial supply chain. This customer not only automates invoice processing within its SAP systems, but is now further enabled to improve supplier relationships and reduce supply chain costs through dynamic discounting.

Both TIS and Taulia are fully engaged to offer this joint program to organizations across the globe.  The companies will go to market together with a joint cloud solution, offering automated supplier invoice processing solutions and dynamic discounting, as well as supplier self-services such as electronic invoicing and supplier information management.  The joint solutions leverage fully automated data interchange with ERP systems like SAP, Workday, and Oracle E-Business Suite.

“Our new sales & technical partnership with Taulia provides both organizations a broader and more powerful portfolio of solutions that give enterprises around the world the ability to optimize financial processes and become more profitable through automating and maximizing supplier discounts,” said Michael Schrader, COO of Top Image Systems.  “This formal partnership serves as a proof point that TIS is actively executing on its strategic focus of enhancing cloud functionalities, increasing subscription sales and expanding strategic global alliances.”

“We are delighted about the tremendous international opportunities this partnership presents in Asia-Pacific, Latin America, the U.S., and throughout Europe. Through our joint solution, enterprises can manage financial processes more efficiently while optimizing the financial supply chain,” said Markus Ament, Chief Product Officer at Taulia. “Additionally, we’re pleased to extend Taulia’s Million Dollar Guarantee program, which ensures that organizations save at least one million dollars in the first year of implementation, to joint TIS customers.”