Top Image Systems Awarded Six-Figure Contract at Raiffeisen Banking Group Styria

Top Image Systems

, a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, announced a six-figure win at Raiffeisen Banking Group Styria, an association of 84 independent Raiffeisen banks and the Raiffeisen-Landesbank Steiermark AG operating 319 branches in the Styria region of Southern Austria. The group includes Raiffeisen Bank International AG (RBI) which operates a network of subsidiary banks and financial service providers in 17 markets across Central and Eastern Europe, employing some 61,300 employees and servicing some 14.6 million customers. Raiffeisen Bank selected TIS' eFLOW® first to automate its invoices and then also to replace a microfiche archive with an eFLOW solution.  Initially, Raiffeisen sought to optimize their invoice processing by reducing invoice cycle time while ensuring transparency, compliance with regulations and full integration with SAP. eFLOW successfully configured the bank's complex invoicing workflow, accommodating their more than 50 competency centers, improving relationships with the bank's suppliers and empowering their Finance & Accounting executives with better access, reporting and control of invoice data.  Satisfied with eFLOW, Raiffeisen invited TIS to propose a solution to replace their outdated, expensive microfiche system storing tens of thousands