New Introductions Put Open Text at Forefront of Growing Trend to Link Oracle Transactions to Business Content
WATERLOO, ON, Dec. 7 /CNW/ - Open Text(TM) Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), today announced that it has expanded its portfolio of ECM solutions for Oracle(R) Applications with the introduction of new content access and accounts payable solutions. Using these Open Text offerings, enterprises can associate Oracle transactions with business content to increase process efficiency, reduce operating costs and more effectively manage risk.
In any company there are two primary streams of information. One is the structured-data side driven by Oracle Applications. The second is the flow of electronic and paper content assets that surround a transaction, ranging from simple email confirmations to formal contracts as well as paper documents. Enterprises that can successfully correlate these two streams of information can realize significant productivity gains. That is where Open Text ECM solutions for Oracle come in, enabling customers to take full advantage of the Open Text ECM Suite.
"We have a long-standing, relationship with Oracle and are committed to continued development using Oracle Fusion middleware to deliver innovative ECM technology and solutions integrated with Oracle Applications," said Rich Buchheim, Vice President of Oracle Solutions at Open Text. "Today we are announcing completely new capabilities to help Oracle customers significantly improve content access and archiving, while also introducing extensive enhancements to our leading accounts payable solution for Oracle."
Open Text Content Access for Oracle
Open Text Content Access for Oracle is a new offering that provides a single point of access to Oracle and non-Oracle data and content assets from either the Oracle user interface or from the Open Text ECM Suite. It enables companies to organize and manage all content, including legacy content, in virtual folders and provides an easy and low-cost way to archive documents.
Organizations often must reuse the same business content throughout multiple applications, even though parts of documents are tied to specific applications such as ERP or CRM. Open Text Content Access for Oracle provides a means of sharing this business content across different applications for a single face to customers, partners or employees.
While regulations vary around the world, they all require that organizations track, manage, and retain business information. Open Text Content Access for Oracle addresses evolving compliance requirements by leveraging the ECM Suite to securely store content for designated periods, link related information, provide an audit history for corporate content, and enable organizations to quickly access any document on demand.
Open Text Accounts Payable for Oracle
Part of the Open Text ECM Suite, Open Text Accounts Payable for Oracle is a complete solution that streamlines the procurement-to-pay cycle. It leverages Oracle Fusion Middleware to integrate into the Oracle(R) E-Business Suite, Oracle's PeopleSoft Enterprise, and Oracle's JD Edwards EnterpriseOne. Key capabilities include invoice routing and approval, invoice management, document and data capture, workflow management, content storage, and process reporting.
The latest release of Open Text Accounts Payable for Oracle, version 3.0, features extensive enhancements that improve usability, increase configuration flexibility, provide more robust auditing, enhance process archiving, and simplify administration. To help staff members access the right information at the right time, comments and attachments can now be added at any step in the workflow process.
In addition, the new release supports JD Edwards EnterpriseOne 8.12 (and above) and delivers tighter integration with ERP financial modules. It allows distributed processing (coding, review, approval, and vouchering) inside or outside of the JD Edwards system. This approach helps eliminate bottlenecks and distributes workload by allowing the people "in the know" to review, approve, and enter the invoice data directly into the Open Text solution without the need for JD Edwards user licenses or direct accounts payable involvement, unless desired.
Open Text is a partner in the Oracle(R) PartnerNetwork. For more information on the solutions, go to: http://www.opentext.com/2/global/sol-products/sol-pro-extensions-oracle.htm
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 50 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts(TM) to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit www.opentext.com.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through certified Specializations. Specializations are achieved through competency development, business results, expertise and proven success. Specialized partners are preferred by Oracle and recognized by customers. For more information, visit http://www.oracle.com/partners.
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Open Text ECM Suite and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2009. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (C) 2009 by Open Text Corporation. OPEN TEXT and Open Text ECM Suite are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
SOURCE Open Text Corporation
For further information: For further information: Richard Maganini, Open Text, (847) 961-0662, email@example.com; Adam Lee, Europe, Open Text, 44 (0) 1189 848000, firstname.lastname@example.org; Leonie Cusack, Asia, Open Text, +61 (0) 2 9026 3400, email@example.com