Top Image Systems has announced that the British Bank Association (BBA) has undertaken a campaign to recommend that UK businesses deploy solutions such as eFLOW INVOICE to optimize their financial operations in order to improve their eligibility for qualifying for and receiving commercial loans.
The campaign is designed to drive the U.K. banking community to increase lending to commercial businesses in light of the recent financial crisis.
According to the terms of the agreement, over a period of some six months Top Image Systems will have the opportunity to respond to enquiries made by BBA member banks’ customers considering implementation of eFLOW INVOICE, TIS’ end-to-end multichannel AP Automation solution, in order to improve the businesses’ chances to be granted a commercial loan at preferable terms.
These prospects are large SME organizations looking to improve their financial operations by conforming to best practices and streamlining their financial processes.
"Top Image Systems is pleased to team with a respected organization such as the BBA to promote our innovative solutions," remarked Barry Richards, Managing Director EMEA, Top Image Systems.
"We share the BBA’s underlying premise that improved financial and operational efficiency cause enterprises to be more competitive; going a step further to provide incentives to these companies that by leveraging technology to become more efficient they are more likely to be eligible to receive loans for funding new business activities is a welcome and positive win-win initiative that ultimately drives digital business and serves the entire market."