OpenText Trading Grid Analytics Simplifies, Accelerates & Transforms B2B e-Commerce with the Business Insight to Increase Supply Chain Effectiveness
WATERLOO, Ontario, Feb. 26, 2015 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced it has added new analytics capabilities for OpenText Trading Grid, the world's leading B2B Integration network, powering many of the largest global 2000 supply chains. Enhancing Trading Grid's analytics capabilities will provide companies with the business process insights they need to make data-driven decisions that will increase their supply chains' effectiveness.
As companies have automated their B2B business processes and begun conducting transactions electronically, they require visibility into the information flowing throughout their supply chain to speed decision-making, respond quickly to changing customer and market demands, and optimize their business processes.
"Armed with business insight, companies can be agile and responsive to increase their competitiveness in the marketplace," said Muhi Majzoub, senior vice president of engineering, OpenText. "Enabling customers to identify the areas of their B2B processes that require attention, OpenText Trading Grid Analytics helps transform B2B programs. As we enhance our services for the Digital-First World, OpenText Trading Grid will continue to offer customers the tools they need to increase the end-to-end performance of their B2B processes."
With a simple, intuitive user interface, OpenText Trading Grid Analytics provides both the timely B2B transaction data needed to address problems and exception conditions and the summary data needed to identify performance trends. The business intelligence gathered from the analytics tools will allow companies to lower costs and help align to the ever-changing business environment, making them more competitive.
"The poor quality and fragmentation of data has hindered organizations from generating accurate analytics based on the current state and priorities in the supply chain," finds Gartner Analyst Noha Tohamy1. "Supply chain organizations are grappling with how to mature their analytics capabilities to support digital business and reap return on investment."
With a comprehensive suite of business applications to enable the supply chain, Trading Grid offers messaging and B2B Integration services on–premises and via the cloud enabling any-to-any transactions for small to large trading partners. OpenText Trading Grid is powered by the OpenText Cloud, which processes more than 16 billion transactions per year, representing $6.5 trillion in commerce and integrating 600,000 trading partners for more than 60,000 customers around the globe.
OpenText Trading Grid is a core platform for OpenText Information Exchange which is a set of solutions enabling any type of information exchange between business, ranging from fax, notifications, secure managed file transfer, to B2B integration and B2B applications. OpenText Information Exchange is one of the five pillars of OpenText's Enterprise Information Management strategy, complementing Enterprise Content Management, Business Process Management, Customer Experience Management, and Discovery.
1 Noha Tohamy, "The Supply Chain Strategist's Guide to Analytics Maturity," Gartner, 31 October 2014
The first release is expected to be available in March 2015.
Learn more about OpenText EIM:
OpenText is the leader in Enterprise Information Management, helping customers to create a Digital-First World by simplifying, transforming, and accelerating their information needs. Over 100,000 customers already use OpenText solutions, either on premises or in our cloud. For more information 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.
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