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Top Image Systems Investors Presentation

Brendan Reidy, CEO

ROTH Conference

March 14, 2017

Our Vision

Driving digital business transformation

that improves customer experiences

through repeatable, end-to-end business

process automation solutions with flexible

deployment.

Founded

1991 1996

Key Partnerships

Solutions

• Content Process Automation

• Financial Process Automation

• Banking Process Automation

• Industry-leading core, cloud& mobile capture platforms

• End-to-end AccountsPayable Automation

• Robust capture & highly secure cloud platforms

2016 Highlights

• Q4 revenues were $7.0 million, up 6% compared to $6.6 million in Q4 2015; annual revenues were $31.6 million;

• Brendan Reidy appointed CEO and Don Dixon, MD Trident Capital, appointed Chairman of Board of Directors;

• Closed sales of convertible notes valued at $5 million to Hale Capital Partners LP; CEO Martin Hale Joins TIS Board;

• Recurring revenues were $19.4 million in both 2016 and 2015, representing 61% of revenues in 2016;

• GAAP expenses for 2016 were $37.4 million compared to $39.7 million for 2015;

• Corporate restructuring program and strict controls on expenses reduced non-GAAP costs by $4.2 million;

• Signed partnership with Xerox; trained Xerox sales and pre-sales teams and achieved initial joint sales;

• Accounts Payable Automation for SAP solution launched, SAP-certified, deployed by early adopters and upsold;

• Consolidated experienced executive management team with CEO, CFO, CTO, CMO, CSO and regional Presidents;

• Operational improvements - consolidations in U.S. and Europe, enhancements of Global Support & Services and core eFLOW platform - to increase efficiency and quality.

5

Don Dixon Appointed Chairman of Board of Directors

• Don Dixon, Managing Director of Trident Capital, a major shareholder in TISA, brings his expertise, experience and network to each of his portfolio companies. Recently, AlwaysOn recognized Don’s investment success on its “Venture Capital 100” list.

• Over the course of his career, Mr. Dixon has had successful exits from 36 companies, including serving on the Board of Affiliated Computer Systems which was later sold to Xerox.

• Mr. Dixon also serves as Co-Chairman of the Advisory Committee of the Princeton University School of Engineering and Applied Sciences and serves on the Advisory Board of the Harvard Kennedy School Center for Public Leadership.

• Prior to founding Trident Capital, Mr. Dixon served as Co-President of Partech Intl., a private equity fund associated with Banque Paribas and before that as Managing Director of Alex. Brown & Sons. Earlier in his career, Don was a Vice President of Morgan Stanley & Co. and a Senior Account Officer at Citibank, N.A.

• Mr. Dixon earned his B.S.E. from Princeton University and his M.B.A. from Stanford Graduate School of Business.

“As a member of the Board of Directors, having also served on the Board of eGistics and having facilitated the

acquisition of eGistics by the Company, I am looking forward to providing additional guidance to accelerate the

Company’s transformational initiatives, improve its performance and deliver customer and shareholder value.”

6

Brendan Reidy Joins as Chief Executive Officer

• Prior to joining TIS, served as President, COO and CTO of XRS Corp. and before that held the position of Chairman, CEO and President of Clarus Systems – in both cases grew value of SaaS model companies;

• In parallel served as a board member of eGistics for ten years priorto its acquisition by Top Image Systems;

• As a Venture Partner at Trident Capital, Inc. served on boards of and held full-time positions with Trident portfolio companies;

• Before that held numerous senior executive positions in the telecommunications industry, including at US WEST. Prior to that position, served in senior management positions at Litton Integrated Automation, the Bank of Oklahoma and at Software Alliance Corporation;

• Mr. Reidy holds an M.B.A. from the Wharton School of the University of Pennsylvania and a B.A. from Stanford University.

“My mandate is to institute with a high sense of urgency the measures necessary to better capitalize on

our market potential; improve our execution, accelerate growth and return value to our shareholders.”

7

Portfolio Strategy

WHAT

Build on our foundation as a leading

global innovator of document capture

technology by extending our business focus to

repeatable process automation applications.

HOW

• Protect and maximize value

from our core remittance and

forms processing business

• Accelerate investments higher

velocity cloud applications

software focusing on accounts

payable automation

WHO

• Leverage our footprint in banking

• Strengthen our strategic partnerships

• Direct sales of our accounts payable

automation suite (eFLOW AP) to mid-

market companies with revenues of

$20 million to $1 billion

WHAT

GTM STRATEGY

HOW WHO

OUR AMBITION

Transform our business to higher velocity

enterprise scalable applications software

company

8

Our Customers Are Our Strength

Global and diversified customer base of over 1,000 installations

9

Our Process

World Class Content Process Automation Platform

A powerful content process automation platform that

drives a wide range of business processes: digital

mailroom, customer onboarding, financial process

automation, and more.

A multi-purpose mobile capture and processing SDK that

enables capture of any document of any size using a

smartphone or tablet device.

10

Selected Examples of Customer Success

Deutsche Post

• Uses eFLOW to process 300.000 documents per day, including 6 million change ofaddress orders per year and 36 million address verification forms

11

Joint mobile imaging project at subsidiary of international cooperation in Brazil

• Partnership with Xerox Brazil to resell the TIS mobile imaging SDK.

• Deployed mobile onboarding project for international corporation that serves > 3,000 sites across Brazil.

• Solution provides automated management of customer contracts using mobile devices for content capture

First Data Corporation

• 8 distributed data centers, millions of remittance images monthly

• Reduced paper storage costs, enhanced risk management, compliance

Bosch SSC

• Automated recognition of invoice data on over 300K invoices monthly

• High field recognition rate greater than 80%

Banking Process Automation

Financial Process Automation

Content Process Automation

Cloud Process Automation

An advanced remittance portal that enables

distributed access to remittance transactions.

Delivered as a cloud service.

A cloud-based document storage and archival

platform that provides capture, storage, and

protection of your business documents in a

location that is accessible from anywhere, at any

time.

eFLOW Remit Transaction Value

$ 360 billion in annual transaction value

13

Financial Process Automation

Extract Control Resolve Supplier Portal

Invoice recognition Invoice verification Exception handling workflow

Supplier communication portal

Cloud Archive

Cloud Archive

14

Mid-market & Cloud ERP Opportunities

Cloud Adoption

47% of mid market companies with less

than $1 billion in revenues plan to move

their core ERP systems to the cloud within

the next 5 years;

AP Automation Adoption

Accounts Payable Automation

is an under served market

opportunity with only 39% of

SMBs with deployed AP

workflow automation

Source: Paystream AdvisorsSource: Gartner Research

Excerpt from Figure 3: Cloud ERP Adoption Plans by Organization Size

15

Accounts Payable Automation Maturity: Only 23% High Levels of Straight Through Automation

High23%

Medium48%

Low29%

Source: Institute of Finance & Management16

Annual Revenuesin USD millions

21.8

28.7 31.3

29.1

35.9 33.8

31.6

17

GAAP P&L YTD 2016in USD thousands

Q1-16

Actual

Q2-16

Actual

Q3-16

Actual

Q4-16

Actual

2016

Actual

Revenues 8,457 8,486 7,681 7,011 31,635

Cost of Revenues 4,250 4,212 4,059 4,282 16,803

Gross Profit 4,207 4,274 3,622 2,729 14,832

% of Revenue 50% 50% 47% 39% 47%

Expenses

Research & Development 1,291 1,024 1,241 1,012 4,568

Sales & Marketing 2,163 1,933 1,650 1,658 7,404

General & Administrative 1,489 1,410 1,285 3,185 7,369

Restructuring 1,066 3 - 73 1,142

One Time Termination expenses 117 117

Total Operating Costs 6,126 4,370 4,176 5,928 20,600

Operating Income (Loss) (1,919) (96) (554) (3,199) (5,768)

Financing Expenses (Net) (78) (196) (169) (510) (953)

Other Income (Net) 5 1 - 6 12

Income (Loss) before taxes on income (1,992) (291) (723) (3,703) (6,709)

Tax Expenses (Income) 123 (117) (427) 72 (349)

Net Income (Loss) (2,115) (174) (296) (3,775) (6,360)

Net Income (attributable to non-

controlling interest) (2) (6) (3) - (11)

Net Income (Loss) (2,117) (180) (299) (3,775) (6,371)

Adjusted EBITDA (113) 582 45 (1,072) (559)

Non GAAP Net Income (600) 329 136 (1,812) (1,948)18

Quarterly EBITDA Expensesin USD millions

19

Cost Reduction Run Rate:Q1 2016 $0.5 millionQ2 2016 $1.2 million Q3 2016 $1.5 millionQ4 2016 $1.0 million

6.5 7.0

7.7 8.3

8.6

6.6 7.0

7.7

8.7

7.9

6.6 6.6

12.2

9.1

7.6

6.9

8.0

8.8 9.1

8.1

Q1 Q2 Q3 Q4

20

1.90 1.85 1.95 2.10

1.91 2.16 2.23

2.40 2.61

2.78

5.04

5.38

4.80

5.20

4.69 4.75

5.03 4.85 4.91

4.58

25% 23% 23%

29% 28%

34%

28% 30%32%

34%

53% 54%58%

52%52%

72%

60%57%

64% 65%

-30%

-10%

10%

30%

50%

70%

-

1.00

2.00

3.00

4.00

5.00

6.00

7.00

Q1

12

Q2

12

Q3

12

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q4

16

Total Revenue % of Recurring Revenues out of Total Revenue

Recurring Revenues in USD millions

Nasdaq –TISA: 2 top-tier

anchor private equity firminvestors

Excel in scalability,

flexibility, scope and security

Enterprise process

automation applications

solve real-world problems

Blue-chip install base – 4 of 5

top U.S. banks, leaders in energy, gov’t, logistics

& manufacturing

State of the art capture, cloud &

mobile technology drive new AP Automation

solutions

Senior Management

team > 100 yrsexperience

driving technology

INVESTMENT HIGHLIGHTS Investment Highlights

21

Contacts

Company Contacts

Brendan Reidy, CEO

Yossi Dagan, CFO

Top Image Systems

Tel 214-256-4600 | www.topimagesystems.com

Investor Relations

James Carbonara, Regional VP

Hayden IR

Tel 646 755 7412 | www.haydenir.com

Nasdaq: TISA22

THANK YOU