PayStream Advisors Study Cites Open Text Leadership in Accounts Payable



    
    New Imaging and Workflow Automation Study Evaluates Open Text AP
    Offerings for Use With Solutions from Oracle and SAP
    

    CHICAGO, Sept. 22 /CNW/ - Open Text(TM) Corporation (NASDAQ:   OTEX,
TSX: OTC), a global leader in enterprise content management (ECM), today
announced that an imaging and workflow automation study by PayStream Advisors
concludes that Open Text has emerged as a clear market leader in accounts
payable (AP) content management solutions for use with solutions from Oracle
and SAP AG. According to the report, Open Text's AP solutions help customers
significantly lower cost-per-invoice processing, reduce invoice processing
time, and slash invoice resolution time, thus freeing finance department
personnel to pursue more strategic activities.
    PayStream Advisors is a specialized consultancy that provides third-party
research, technology vendor consultation and corporate consultation, covering
areas such as risk assessment, and solutions options implementation
preparation.
    For this report, PayStream Advisors analyzed Open Text's Livelink ECM -
Accounts Payable Extensions for Oracle and Livelink ECM - Vendor Invoice
Management (VIM) for use with SAP(R) solutions. The report states: "Each of
the Livelink solutions feature advanced ECM functionality, and, as integrated
modules or as individual stand-alone platforms, deliver best-of-breed document
management, collaboration, records management, archiving, imaging, report
management, digital asset management, advanced workflow, business process
management, information retrieval, and web content management."
    On the Livelink ECM - Accounts Payable Extensions for Oracle, the report
states: "The AP Extension platform vastly improves upon Oracle's user
interface, reporting tools, and core business processing, while incorporating
next-generation technologies such as XML data modulation, BPEL, and three-way
match. The end-result is increased business-intelligence, top-to-bottom
visibility, and the transformation of AP as strategic for working capital
optimization."
    On the VIM solution, PayStream Advisors found that "using VIM, AP
personnel can focus on value-added activities. Open Text's Vendor Invoice
Management tool goes far beyond the 'proverbial tip of the iceberg' of AP
automation, i.e. reducing headcount, offering a suite of functionality that
drives strategic working-capital decisions. Rapid rollout and high acceptance
rates, in addition to the solution's service oriented architecture, create
rapid ROI and facilitate spend and cash visibility, thus enabling further
improvements, customizations, and optimizations. Adopters see reduced
duplicate and late payments, while improving vendor relations, opportunities
for outsourcing, and strategic working capital."
    As a final impression, the report concludes: "Open Text is a strong
player in the Enterprise Content Management marketplace, and clearly sees
product innovation as the key to maintaining its position. As Oracle's Fusion
continues to evolve, Open Text and its customers will clearly reap the
benefits of integrating and adapting to the new architecture. Both solutions
readily demonstrate Open Text's expertise in content management. Given the
strength of its solutions for SAP and Oracle ERP applications, Open Text has
emerged as a market leader in AP."
    "Given the current economic conditions and increased competitive
pressures from globalization and other factors, it behooves companies to look
for every opportunity to lower costs and improve operations," said Kirk
Roberts, President, Integrated ECM Operating Group at Open Text. "Getting a
handle on all the unstructured content surrounding an Oracle or SAP
solution-based AP system and automating AP workflows, as PayStream Advisors'
research suggests, offers rapid payback on investment and long-term
efficiencies for the enterprise."
    To obtain the full report, go to:
http://opentext.com/2/landing-leadership-accounts-payable.htm?WT.mc_id=NA41480
858. For more information on Open Text AP solutions go to:
http://www.opentext.com/2/sol-business/sol-bus-finance/sol-bus-finance-account
s-payable.htm

    Open Text at Oracle OpenWorld 2008

    Open Text will be showing its ECM solutions for Oracle at Oracle
OpenWorld 2008 this week in San Francisco in booth No.3424, West Exhibit Hall.
For more information, go to:
http://www.opentext.com/2/ex_event.html?evtype=events&id=70120000000ANvAAAW

    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
46,000 customers and millions of 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.

    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 Livelink 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, 2008. 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) 2008 by Open Text Corporation. LIVELINK ECM and OPEN TEXT
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.





For further information:

For further information: Richard Maganini, Open Text Corporation, (847)
267-9330 ext.4266, rmaganin@opentext.com; Stephanie Dodge, Open Text
Corporation, (519) 888-7111, x2429, sdodge@opentext.com; Brian Edwards,
McKenzie Worldwide, (503) 577-4583, briane@mckenzieworldwide.com


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