B2B Transaction Analytics Software provides supply chain insight.
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Press Release Summary:
Fostering alignment with changing business environments, OpenText™ Trading Grid provides insights needed to make data-driven decisions that will increase supply chain efficacy. UI provides B2B transaction data to address problems and exception conditions as well as summary data to identify performance trends. Along with business applications to enable supply chain, solution offers messaging and B2B Integration services on-premises and via cloud for enabling any-to-any transactions.
Original Press Release:
OpenText Adds Analytics for B2B Transactions to Provide Greater Supply Chain Insight
OpenText Trading Grid Analytics Simplifies, Accelerates & Transforms B2B e-Commerce with the Business Insight to Increase Supply Chain Effectiveness
WATERLOO, Ontario -- OpenText(TM) (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 transformB2B 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 Tohamy(1). "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
Availability
The first release is expected to be available in March 2015.
Learn more about OpenText EIM:
--Â Read OpenText CEO Mark Barrenechea's blog
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About OpenText
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.
Copyright ©2015 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. 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 SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.
CONTACT: Robin Lane, OpenText, 1 301-340-4277, publicrelations@opentext.com; or Sonya Mehan, Investor Relations, OpenText, 519-888-7111 x2446, smehan@opentext.com; or Katie Carbone, Weber Shandwick, 1 617-520-7135, kcarbone@webershandwick.com
