OpenText Capture and Optical Character Recognition Services Now Featured
in SAP Cloud for Travel to Help Simplify and Increase Speed of Travel
WATERLOO, ON, May 13, 2013 /CNW/ - OpenText™ (NASDAQ: OTEX, TSX: OTC),
the global leader in Enterprise Information Management (EIM), today announced that its powerful capture and optical character
recognition (OCR) services are now included in the SAP® Cloud for
Travel solution (formerly known as SAP Travel OnDemand), a cloud-based
application for travel management. Further strengthening the
partnership between OpenText and SAP, the offering is expected to make it easier for business travelers to
file expense reports using information scanned from receipts using
scanners or mobile devices.
Delivering a mobile user experience designed for today's business
traveler, SAP Cloud for Travel is a subscription-based cloud solution
that helps customers manage expenses without any additional hardware or
services. SAP customers can now have cost-efficient access to proven
OpenText Capture Center technology, which is recognized as one of the
leading multi-channel capture solutions available today.
In what OpenText believes underscores the strength of its technology,
Forrester Research, Inc. ranked OpenText a leader in its report, "The Forrester Wave: Multichannel Capture, Q3 2012." OpenText received the highest possible scores in the OCR support,
multichannel input, mobile capture, and document classification
categories, now available as a service in SAP Cloud for Travel. In its
evaluation, Forrester also recognizes OpenText as a leader in the
"OpenText has been innovating alongside SAP for more than two decades to
provide customers with transformational technologies that can set them
apart from the competition," said Patrick Barnert, senior vice
president, partners and alliances at OpenText. "The new OpenText
cloud-based service offering within SAP Cloud for Travel is yet another
step forward in our partnership, reinforcing OpenText's commitment to
empowering customers with EIM cloud solutions. This and future cloud offerings are expected to further help ensure
organizations have flexible access to the EIM solutions they need to
help drive business."
"OpenText's OCR technology greatly enhances the SAP Cloud for Travel
offering," said Tobias Dosch, senior vice president, Product Management
Cloud, SAP. "It helps to reduce costs and increase usability and
efficiency of our customers in the expense reporting process."
OpenText will be demonstrating its EIM solutions at the SAPPHIRE® NOW conference, which will take place in Orlando, Fla., May 14 - 16.
Attendees can visit the OpenText booth 1025 to experience how OpenText
and SAP solutions can help empower customers to fully capitalize on the
untapped value of their unstructured data and help deliver solid
At the event, SAP will officially recognize OpenText with a 2013 SAP
Pinnacle award as a Solution Extension Partner of the Year, making it the sixth consecutive SAP Pinnacle award OpenText has
received. These awards are presented annually to the top SAP partners
that have excelled in developing and growing their partnership with SAP
and driving customer success. Finalists and winners are based on field
recommendations, customer feedback and performance indicators in the
following four categories: co-innovation, market expansion, service
delivery and sustainability.
OpenText Capture and OpenText's Optical Character Recognition Services
are available immediately as part of the SAP Cloud for Travel solution.
To learn more about OpenText solutions for SAP software and EIM:
OpenText provides Enterprise Information Management software that
enables companies of all sizes and industries to manage, secure and
leverage their unstructured business information, either in their data
center or in the cloud. Over 50,000 companies already use OpenText
solutions to unleash the power of their information. To learn more
about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.
Certain statements in this press release may contain words considered
forward-looking statements or information under applicable securities
laws. These statements are based on OpenText's current expectations,
estimates, forecasts and projections about the operating environment,
economies and markets in which the company operates. These statements
are subject to important assumptions, risks and uncertainties that are
difficult to predict, and the actual outcome may be materially
different. OpenText's assumptions, although considered reasonable by
the company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ materially
from the expectations set out herein. For additional information with
respect to risks and other factors which could occur, see OpenText's
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other
securities filings with the SEC and other securities regulators. Unless
otherwise required by applicable securities laws, OpenText disclaims
any intention or obligations to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Copyright ©2013 Open Text Corporation. OpenText is a
trademark or registered trademark of Open Text SA and/or Open Text ULC.
SAP, SAPPHIRE and all SAP logos are trademarks or registered trademarks
of SAP AG in Germany and several other countries. The list of
trademarks is not exhaustive of other trademarks, registered
trademarks, product names, company names, brands and service names
mentioned herein are property of Open Text SA or other respective
owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.
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are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as "anticipate,"
"believe," "estimate," "expect," "forecast," "intend," "may," "plan,"
"project," "predict," "should" and "will" and similar expressions as
they relate to SAP are intended to identify such forward-looking
statements. SAP undertakes no obligation to publicly update or revise
any forward-looking statements. All forward-looking statements are
subject to various risks and uncertainties that could cause actual
results to differ materially from expectations The factors that could
affect SAP's future financial results are discussed more fully in SAP's
filings with the U.S. Securities and Exchange Commission ("SEC"),
including SAP's most recent Annual Report on Form 20-F filed with the
SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
SOURCE: Open Text Corporation
For further information:
Ogilvy Public Relations for OpenText