UK Mobile Operator Digitally Transforms Complex Legal and Invoice Processes with OpenText
WATERLOO, Ontario, Nov. 28, 2017 /CNW/ -- OpenText™ (NASDAQ: OTEX,TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced that Lycamobile, the world's largest mobile virtual network operator (MVNO), has selected OpenText to provide a digital back office for its legal and accounts payable departments. Lycamobile will use multiple products from the OpenText Release 16 platform, including Process Suite, Content Suite, and Contract Center to help cut costs and increase efficiency by digitally transforming its legal and invoice processes.
Lycamobile is the world's largest mobile virtual network operator, operating in 23 countries across five continents. It is the market leader in the international prepaid mobile calls market, with over 15 million customers worldwide and a new one joining every two seconds.
For the first phase of the project, Lycamobile has deployed OpenText Process Suite to digitize and automate the accounts payable process, and OpenText Contract Center to support its legal teams. Both of these solutions feed into OpenText Content Suite, providing a single, secure source-of-truth for accounts payable and legal documents, while reducing the burden of administering physical documents. Lycamobile teams will generate invoices and contracts digitally, automating key parts of the approval and processing workflows with using Content Suite to store and index documents. Lycamobile plans to expand its use of Content Suite to support the whole head office, encompassing all invoices and contracts and extending the solution to other departments.
"We chose OpenText because of its proven enterprise-grade technology and powerful integrations," said Prem Sivasamy, deputy chairman at Lyca Group. "We wanted a set of solutions that would integrate with our existing digital systems and support the changes we make in the future. We believe OpenText could deliver just what we needed on that."
"We are looking forward to using OpenText's digital back office to digitize our infrastructure and processes," said Sivasamy. "With OpenText's platform, including the ability to work across all devices, our processes flow much more smoothly."
About OpenText OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on-premises or in the cloud. For more information about OpenText (NASDAQ: OTEX,TSX: OTEX) visit 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.