Top Image Systems Ltd.’s eFLOW® Platform was Selected by CBSL Group India for one of the Largest ID Digitization Projects in History
CBSL Group India and TIS Announce Cooperation on the Indian Automated Document Processing Market
Tel Aviv / Cologne – August 14, 2012 - Top Image Systems, Ltd. (NASDAQ: TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, announced today that the Company has been contracted by CBSL Group India, one of India’s primary document management suppliers, to process some 50,000 forms per day for one of the largest ID digitization projects, currently under way in India. In parallel, Top Image Systems and CBSL Group India have reached an agreement to provide enterprise capture and content management solutions across India.
Top Image was selected for the project by CBSL Group India, a leading Indian service provider in the area of digitization and data processing, document imaging, banking equipment and services that processes approximately 1.5 million documents per day. CBSL will use eFLOW to automate the processing, enabling them to efficiently and accurately collect all relevant ID data in various formats and deliver it securely to the project’s master database and core systems.
Top Image Systems is not new to the Indian document management market, having been selected by the Indian Office of the Registrar General (ORGI) in 2001 and again in 2011 to carry out the Indian population census project, the second largest census project in the world.
Remarked Mr. Anuj Khurana, Managing Director of the CBSL Group, “We are extremely pleased that thanks to the high-speed recognition and remarkably high document volume capacity of eFLOW, our team has been able to increase the process efficiency of the process by at least 50%. We have decided to deploy eFLOW Forms as our primary document processing software in Delhi and at other processing centers all around India. We are proud to cooperate with Top Image Systems in India and plan to contend for numerous Indian governmental and enterprise document processing projects e.g. in Tax Administration, Banking, Telecommunications and more.”
“Top Image Systems is proud to be part of this historical undertaking, which is leveraging state-of-the art IT technologies to fulfill clients’ critically important social, economic and demographic goals,” comments Dr. Ido Schechter, CEO, Top Image Systems. “As a component of this ambitious project, eFLOW will combine its capabilities for high performance, high-volume, high-speed intelligent data recognition with the latest innovations in biometrics, data analytics and other related fields that will enable exciting new financial, telecommunication and civic applications that will have relevance not only for India but for virtually every technology market around the world.”
About CBSL Group
Established in the year 1950 under the name of Khurana Brothers by its Chairman and founder Mr. V.P.Khurana, the group has expanded its offerings in varied areas represented by its 5 associated companies. Beginning with manufacturing of Loose Leaf Binders, CBSL later diversified its activities in the high-tech field to Security Printing, Document Imaging, Banking Equipment & Services and Records management services.