Latest OpenText Business Network Cloud Innovations Drive Seamless Connectivity Across Digital Ecosystems

OpenText Showcases Business-to-Anything Integration at Gartner® Supply Chain Symposium/Xpo 2022

As businesses everywhere reassess their supply chains in response to continued global disruptions, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), a leading provider in supply chain integration solutions, is helping power the future of supply chain operations through their latest Business Network Cloud innovations. The company is set to showcase several of their solutions at Gartner Supply Chain SymposiumXpo™ 2022 .

OpenText logo (PRNewsfoto/Open Text Corporation) (PRNewsfoto/Open Text Corporation)

"Global supply chain disruptions have forced companies to rethink their operations," said Sandy Ono , Executive Vice President and CMO at OpenText. "As leaders accelerate investments in new digital supply chain technologies, ensuring these technologies work efficiently together is a strategic priority. OpenText has a full portfolio of supply chain integration solutions to help businesses digitize their processes, gain end-to-end visibility across their connected business ecosystem, and better respond to changing global trade dynamics."

According to an Accenture survey , eight out of ten chief supply chain officers acknowledge that accelerating digitization of supply chains is essential, but that current digital maturity is still stuck in pilot phase and hindered by aging legacy technologies and lack of funds.

Leader in supply chain integration with unparalleled global delivery capabilities and future-proof technology

OpenText is an indisputable leader in the supply chain market. In fact, 88 per cent of companies listed in Gartner's Supply Chain Top 25 for 2022 leverage OpenText Business Network Cloud solutions.* New to market and designed for companies of all sizes is OpenText Business Network Cloud Foundation (BN Cloud Foundation) . This recent offering provides a single, unified integration environment that allows companies to seamlessly integrate with more than one million pre-connected trading partners, including suppliers, logistics carriers, distributors and financial institutions anywhere in the world. BN Cloud Foundation leverages powerful self-service capabilities and pre-built ERP adapters to empower companies of all sizes to implement and manage their own integration environment. This new offering brings enterprise-grade integration capabilities to mid-market size companies in a more cost-efficient way, while providing a more "future proof" platform that can scale to meet evolving business needs.

"Following recent business mergers and acquisitions, we were in need of a significant change to our existing software in order to integrate the management of our business processes," said Kelly Kleinfelder CIO, Jacent Strategic Merchandising. "We are excited to work with OpenText leveraging their Business Network Cloud Foundation solution to help integrate our businesses information and processes, simplify and accelerate our digital transformation, and offer us the scalability we need for a successful future."

Mastering Business-to-Anything Integrations

The OpenText Business-to-Anything (B2A) integration approach is the future for successful supply chain operations. During the Gartner Supply Chain Symposium/Xpo, Ville Parkkinen , Director, Product Marketing, Business Network, at OpenText is presenting a session focused on the evolution of supplier collaboration, and how a business-to-anything integration approach enables seamless information exchanges between people, systems, and things across the digital ecosystem. Parkkinen will also share insights on how organizations can avoid creating isolated data silos while increasing their use of technology to support better process automation and greater visibility into their supply chain network.

Other Business Network Cloud innovations on display at The Symposium/Xpo's OpenText booth #207 include:

  • OpenText Trading Grid : enables organizations to leverage an ERP application adapter for SAP S/4HANA to support order-based transaction flows and enhanced self-service features. As part of its Business-to-Anything approach, Trading Grid offers a range of connectivity options, including a large library of API connectors for companies that want to optimize and successfully integrate supply chain processes into business systems such as SAP, Oracle, and SalesForce.
  • OpenText Active Access : provides secure, single sign-on access to supply chain information for both internal and external users to facilitate digital collaboration. It enables centralized user management with the ability to delegate admin tasks to partners to lower costs and improve quality of user data.
  • OpenText Active Invoices with Compliance Solution: automates electronic invoicing and ensures compliance with the constantly evolving global e-Invoicing regulations. It eliminates the complexity of varying country regulations in global business and shields users from the risk of increasing regulations impacting Procure-to-Pay and Order-to-Cash business processes.

Leveraging insights from working with the world's leading supply chains, Business Network Cloud releases new innovations every quarter to help customers improve supply chain integration and accelerate digital transformation initiatives. Later this month, OpenText will also announce the latest integrations and product features that will be available in its newest OpenText Cloud Edition.

Join us at the Gartner Supply Chain Symposium/Xpo June 6-8 in Orlando, Florida . Register here for a meeting with OpenText.

Sources:

*Gartner, The Gartner Supply Chain Top 25 for 2022: Masters, Top 25 and Industry Leaders, Mike Griswold , Pia Orup Lund , 25 May 2022 .

GARTNER and SUPPLY CHAIN SYMPOSIUM/XPO are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market-leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn

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 obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Copyright © 2022 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

Further information:

Jaclyn Atwood-Powell
OpenText
publicrelations@opentext.com

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OpenText Strengthens X12 Collaboration to Accelerate the Future of Supply Chain B2B Data Exchange

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, and X12 the ANSI-accredited standards organization, today announced the renewal of their commercial use partner license agreement. This long-standing collaboration underscores OpenText's commitment to and support for X12 standards across its expansive supply chain network.

OpenText logo (PRNewsfoto/Open Text Corporation)

"Electronic data interchange (EDI) is a critical foundation that supports how supply chains and businesses function today," stated Muhi Majzoub, Chief Product Officer and EVP, OpenText. "Working with X12 is more than just a collaboration; it's a testament to our joint dedication to continuous innovation and to laying the foundation for a more interconnected and efficient B2B data exchange landscape for the future."

X12 standards play a crucial role in EDI, serving as the primary conduit for businesses across diverse industries, including retail, consumer goods, automotive, high-tech, general manufacturing, and insurance. These standards allow businesses to digitally share vital information seamlessly within and across their operations.

The integration of X12 standards within OpenText's business network solutions improves efficiency, accuracy, transparency, and cost-effectiveness for its customers, contributing to a strengthened supply chain ecosystem.

"We are delighted to join forces with OpenText in advancing the development of X12 standards and derivatives," said Cathy Sheppard , CEO of X12. "Together, we are not just shaping standards; we are fostering a future where technology supports and enhances global operations across the industries we serve."

With the world's largest business network, OpenText connects over 1.1 million trading partners, facilitating the exchange of more than 33 billion EDI transactions annually. As a trusted EDI partner offering robust solutions for seamless business document exchange, OpenText is proud to be formally recognized as an X12 licensing partner with a comprehensive long-term agreement that includes its customers from the past, present, and future.

About X12
X12 , chartered by the American National Standards Institute (ANSI) for more than 40 years, develops and maintains business-to-business data exchange standards to drive business processes globally. X12's diverse membership includes dedicated technologists and business process experts in health care, insurance, transportation, finance, government, supply chain, and other industries. X12's consensus-building forum enables members to meet regularly to develop syntax-neutral data exchange standards collaboratively. With more than 320 published transaction sets, 1,400 data elements, and more than 40,000 codes available for use, the body of X12's work can be used to conduct nearly every facet of business-to-business operations. Learn more about X12 licensing at x12.org/licensing .

About OpenText

OpenText, a global leader in information management, enables organizations to gain insight through market-leading information management solutions, powered by the OpenText Cloud. For more information, visit www.opentext.com .

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SOURCE Open Text Corporation

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Information Management Experts Gather to Explore How AI Elevates Human Potential at OpenText World Europe 2024

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, is set to host OpenText World Europe 2024 April 15 18, 2024, with a series of in-person customer conferences taking place in London Munich and Paris . The event series will bring together industry leaders, innovators, and customers to discuss how technology can enable global organizations to build for growth, experience, and sustainability.

OpenText logo (PRNewsfoto/Open Text Corporation)

"AI is revolutionizing the business world as a force multiplier for human potential. At the center of this force is trust and authenticity. Our enterprise customers need trusted, governed data to fuel the possibilities of AI. When advanced cloud technologies are applied securely to private data, organizations can get newfound value from their existing IP and begin to build trust with autonomous decisions from AI," said Mark J. Barrenechea , CEO and CTO, OpenText. "At OpenText World Europe, we look forward to showcasing how our OpenText Aviator solutions are empowering organizations to redefine roles and elevate their employees to be their best."

OpenText World Europe will provide an inspiring overview of the company's next generation developments in the cloud and at the edge. From IOT to AI-persona assistants, the innovations to be unveiled will inspire attendees to reimagine their daily work and experiences. From the CIO to the software quality engineer to the IT service manager to insurance claims agent – tomorrow's workplace will be transformed by bringing together automation and AI to disrupt our traditional cultures of knowledge.

Attendees will also learn more about OpenText Aviator – the company's family of generative AI capabilities that leverage large language models (LLMs) and private data sets to solve specific use cases. Attendees will learn first-hand from experts detailing their experiences implementing industry-specific solutions, and challenges they overcame along the way.

Event Dates:

  • London : April 15th , QEII Centre, Central London
  • Munich : April 16-17th , MOC – Event Center Messe Munich
  • Paris : April 18th , Maison de la Chimie, Central Paris

Event Highlights:

  • A keynote from OpenText CEO & CTO Mark J. Barrenechea, on AI as a force multiplier for human potential and how our next generation of information management, Edge, AI, and Security are solving tomorrow's most complex problems.
  • A keynote from Chief Product Officer Muhi Majzoub, who will dive into OpenText's cloud roadmap with Titanium X to showcase how security, trust, and governance are at the center of serving our customers.
  • Distinguished customer speakers including Carsten Trapp , CIO, Carl Zeiss , set to take center stage in Munich , and Leon Van Niekerk , Senior Manager of Test Center of Excellence, Pick-N-Pay, presenting in both London and Paris , will demonstrate how their work with OpenText has propelled their organizations forward and provide their unique industry perspectives on the future challenges and opportunities presented by AI.
  • Guest speaker Bertrand Piccard, the force behind Solar Impulse, the first airplane to fly around the world without a drop of fuel, will highlight the environmental protection goals of his recently launched World Alliance for Efficient Solutions, sharing how he envisions ecology through the lens of profitability, promoting clean and profitable solutions that are "logical" more than just "eco-logical".
  • Breakout sessions featuring updates on the combination of Aviator with each of the OpenText clouds – AI & Analytics, Content Services, Business Network, Digital Experience, Cybersecurity, IT Operations Management (ITOM) and Application Delivery Management (ADM).
  • Turbo talks that dive into the market trends, challenges, and areas of strategic interest that matter most to organizations in Europe.
  • Interactive labs offering the opportunity to experience the latest OpenText innovations, complete training courses, and contribute to product roadmaps.
  • Extensive networking opportunities to connect with OpenText experts, partners and industry peers throughout all the events.

Registration is now open, and the full agendas are available for OpenText World Europe – London , Munich and Paris . Come reimagine work with OpenText and chart your journey to the Future of AI.

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

Connect with us:

OpenText CEO Mark Barrenechea's blog

Twitter | LinkedIn

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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website ( https://investors.opentext.com ). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

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SOURCE Open Text Corporation

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