Enterprises Build Digital Foundation for Supply Chain Innovation with OpenText
WATERLOO, Ontario, May 14, 2019 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a global leader in Enterprise Information Management (EIM), will highlight advanced capabilities of OpenText™ Trading Grid™, the world's leading cloud-based supply chain integration platform, and other OpenText Business Network solutions at Gartner Supply Chain Executive Conference, May 13-16 in Phoenix, Ariz. OpenText will also introduce the latest release of OpenText Trading Grid Analytics, featuring new predictive capabilities for supply chain optimization, and supply chain data integration enhancements with the acquisition of Liaison Technologies.
"Supply chains are mission critical to any organization buying or selling goods, but they are increasingly global and complex in nature," said OpenText SVP & CMO Patricia Nagle. "We are helping companies build flexible supply chain ecosystems that digitize and automate many common supply chain tasks, in turn delivering agility and responsiveness to rapidly changing customer and market demands. Enterprises around the world choose OpenText solutions and expertise to transition supply chains from a cost of doing business to a strategic advantage—a source of differentiated customer service and accelerated business growth."
New Predictive Analytics Offer Insight into Supply Chain Performance
New capabilities in Trading Grid Analytics, the OpenText solution for advanced supply chain analytics, empower business leaders with insights to identify underperforming trading partners and sources of risk in the supply chain which could lead to production and fulfillment delays. With control tower-like capabilities and new predictive metrics, supply chain managers may have real-time access to information required to take action on unforeseen disruptions before these disruptions cause broader business impact. Trading Grid Analytics provides insights into both buy and sell side processes in a single platform. The solution also enables data to be shared across a trading partner community for improved collaboration.
Simplified Integration Capabilities Bridge Digital Divide
OpenText Trading Grid provides enterprises with a flexible, configurable digital backbone which enables them to optimize supply chain processes across the entire trading community, not just with larger partners. Trading Grid digital onboarding innovations make it easier for trading partners to connect via self-service trading partner set-up, automated partner provisioning and simple file sharing. A new application, Core for Trading Grid, expands trading partner digitization to smaller suppliers previously challenged to implement advanced integration solutions. Suppliers accomplish this in Trading Grid via an intuitive, drag-and-drop interface for file exchange. Trading Grid picks up, translates and delivers the files directly into backend systems as if trading with a larger supplier via EDI. The acquisition and integration of Liaison Technologies into OpenText accelerates any-to-any data integration across the supply chain and between back-end systems with intelligent mapping and data transformation.
SaaS Solutions Make it Easy to Collaborate across Supply Chain Ecosystems
Agile enterprises require real-time collaboration on supply chain business processes with vendors and customers. Trading Grid offers a suite of SaaS solutions, Active Applications, to streamline and accelerate order management, electronic invoicing, community management and retail deductions management, among other processes. Innovations in Trading Grid Active Applications provide access to broader global e-invoicing compliance, mobile order management, and improved exception management to focus on mission critical issues. OpenText Lens provides shared visibility into multi-enterprise data flows for improved collaboration and issue resolution.
Engage with OpenText at Gartner Supply Chain Executive Conference
Conference attendees can access demos and further information about OpenText supply chain solutions at booth 625 at the Gartner Supply Chain Executive Conference exhibit.
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.
Copyright © 2019 Open Text. All rights reserved. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text or other respective owners.
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