FinovateSpring 2015 / Top Image Systems
Presenter Profile:
How they describe themselves: Top Image Systems (TIS) is a global innovator of intelligent content processing solutions. At the core of the TIS offering is our desire to accelerate document-driven business processes, providing customers with the technology to automatically and digitally transform any information entering an organization into useful, and accessible electronic data, efficiently delivering it into the applications that drive any business.
How they describe their product/innovation: eFLOW Lending is Top Image Systems’ financial technology innovation designed to transform what is currently a very manual, time-consuming and expensive origination process into a streamlined, automated, self-service-enabled experience with automatic “completeness checks” during the application process. With the ability to automatically capture and process any volume of documents of any type, anywhere, at any time, eFLOW Lending optimizes loan processing, increasing accuracy & efficiency for originators. Through document classification and automated data capture, TIS’ solution enables cost reduction & decreases mortgage processing cycle times while ensuring maximum security and compliance.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Contacts:
Bus. Dev.: Gordon Sellers, VP Product Strategy, gordon.sellers@topimagesystems.com
Press: Shelli Zargary, Director of Corporate Marketing, shelli.zargary@topimagesystems.com
Sales: Kevin McKee, Director of Mobile Imaging Solutions, kevin.mckee@topimagesystems.com
Website: topimagesystems.com
Twitter: @TopImageSystems
HQ: Tel Aviv, Isreal
Founded: March 1991
Product Demoed: eFLOW Lending
Product Launch: May 2015
Metrics: Following our IPO in the mid-90s, we recently raised $15M in a secondary offering in Feb. 2014, 2013 annual revenue: $40M, employees: 250
Presenters: Taylor Adkins (Dir., Technical Prod. Mgmt, Global Slns), Alayne Pregeant (Sr. Director, Global Marketing)
- Key Executives
Izhak Nakar (Founder & Active Chairman), Michael Schrader (CEO), Lyron Bentovim (COO & CFO)
Key Stats
- Key Board Members & Advisory Board
Izhak Nakar (Founder & Active Chairman), Asi Karfiol, Donald Dixon, Ido Schechter, Osnat Segev-Harel
- Key Partnerships
TIS cooperates with over 70 partners, including PFU (Fujitsu), DICOM, and Kodak; resellers including Xerox, Medius, and Konica Minolta; BPOs including Accenture, Bosch BCC, Williams Lea, and DeutchePost; technology partnerships such as Microsoft, Amazon, SAP, and with engine providers ABBYY, OMNPAGE, A2IA and more. In the mobile arena, TIS has established partnerships with TransCentra, Jack Henry & Associates, and most recently, Fiserv.
- Key Customers
The TIS install base is comprised of several Fortune 100 companies, numerous enterprises, governments, and institutions across varied document-intensive business segments; eFLOW is deployed in more than 60 banks, and shared service centers in the financial markets including, Citibank, HSBC, Bank of America, Merrill Lynch, J.P. Morgan Chase & Co. and more.