Open Text Shortens Time to ROI with New Release of Vendor Invoice Management for Use with SAP Solutions

    New Version Goes Beyond Traditional Accounts Payable Applications with
    Extensive Pre-Configured Invoice Processing Scenarios, Plus Other

    CHICAGO, Sept. 24 /CNW/ - Open Text(TM) Corporation (NASDAQ:   OTEX, TSX:
OTC), the largest independent provider of enterprise content management (ECM)
software and solutions, today announced the availability of the latest version
of its popular Livelink ECM - Vendor Invoice Management (VIM) for use with
SAP(R) solutions that now incorporates an expanded set of pre-configured
invoice processing scenarios, along with numerous other customer-driven
enhancements. VIM is a complete application for optimizing vendor invoice
processes in SAP applications, along with built-in reporting and analytics to
continuously improve processes.
    The new features in VIM Version 5.1 provide an easy way for companies to
jump start invoice process optimization initiatives and realize significant
return on investment in less time. Some of the most important issues that need
to be considered when managing invoices concern how to handle exceptions such
as missing goods receipts, incorrect pricing or incorrect tax. With the latest
version of VIM, Open Text is providing 35 best-practice workflows for handling
exceptions along with wizards to streamline the process of setting up a
baseline configuration.
    For existing customers using SAP solutions, such as Energen Corporation,
VIM offers a cost-effective way to optimize business processes. At Energen,
VIM enabled the company to reduce the number of steps required to process an
invoice by 41 percent, from 14 down to nine. When factored across 60,000
invoices annually from some 8,000 vendors this represents a significant cost
    "We are fully optimized with a streamlined process flow that takes full
advantage of our SAP application-based system," said Brunson White, Vice
President and CIO at Energen. "Our team now has time to take a more strategic
approach and focus on high-value functions such as vendor analysis and
negotiation. And we are also able to consistently take advantage of vendor
discounts for rapid payment. One of the main reasons this was so successful is
the Open Text application's tight integration with SAP solutions. It's
impossible to tell when the SAP piece ends and the Open Text piece begins."
    According to Brunson, VIM has also helped to significantly increase
overall vendor satisfaction with Energen by simplifying interaction with the
company and ensuring rapid payment. Energen has also deployed VIM's built-in
vendor self-service portal that lets vendors use the Web to securely check the
status of invoices payments, to provide missing information or to review
purchase orders.

    Other new capabilities in the latest version of VIM include:
    -   Enhanced Vendor Self Service Portal capabilities
    -   Enhancements to VIM Analytics to increase performance and offer more
        reporting flexibility
    -   New document processing workflows
    -   New diagnostic tools to speed up configuration and deployment.

    "These new features in VIM reduce the cost and time needed for customers
to optimize their procure-to-pay processes, while giving them deeper insight
into the performance of their supply chain," said Patrick Barnert, Vice
President for SAP Applications at Open Text. "This is a proven, robust
application that meets today's IT challenges around security, scalability, and
performance. It helps customers reduce costs, improve cash management and
comply with corporate governance regulations."

    VIM Delivers Efficiency, Visibility, Compliance

    For many organizations, the process of receiving paper invoices, routing
for data entry, resolving problems, and reporting is typically inefficient.
Often, most of the time spent on these processes involves manual labor and can
be very costly.
    To optimize vendor invoice handling, VIM routes problem invoices to
appropriate individuals for resolution and approval. It includes elements for
Web-based self-service for vendors and approval capabilities for internal
users who don't normally use SAP solutions. VIM also provides increased user
adoption of SAP applications, which helps maximize return on investment for
SAP solutions. VIM uses imaging, workflow, and best-practice design to
increase efficiency. An open design makes it possible to accept invoices
electronically as well as via paper. Purchase orders, goods receipts, invoice
transaction screens, invoice images, and transaction notes are all linked in
one place to ensure timely problem resolution with a minimum of effort.
    Organizations using VIM, including many Fortune 1000 companies, have
significantly improved efficiencies in invoice processing, and enjoy benefits
such as dramatically lower cost per invoice, improved on-time payment
performance, Sarbanes-Oxley compliance, more captured discounts, reduced
duplicate invoices and payments, better reputation with suppliers and more
leverage for terms and price negotiation. To learn more about Livelink ECM -
Vendor Invoice Management for use with SAP solutions go to:

    About Open Text

    Open Text(TM) is the world's largest independent provider of Enterprise
Content Management software. The Company's solutions manage information for
all types of business, compliance and industry requirements in the world's
largest companies, government agencies and professional service firms. Open
Text supports approximately 46,000 customers and millions of users in 114
countries and 12 languages. For more information about Open Text, visit

    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, 2007. 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) 2007 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,; Brian Edwards, McKenzie Worldwide,
(503) 577-4583,; Michele Stevenson, Open Text
Corporation, (519) 888-7111 ext. 2594,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890