Open Textâ¢ Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), today announced that it has expanded its portfolio of ECM solutions for OracleÂ® Applications with the introduction of new content access and accounts payable solutions. Using these Open Text offerings, enterprises can associate Oracle transactions with business content to increase process efficiency, reduce operating costs and more effectively manage risk.
In any company there are two primary streams of information. One is the structured-data side driven by Oracle Applications. The second is the flow of electronic and paper content assets that surround a transaction, ranging from simple email confirmations to formal contracts as well as paper documents. Enterprises that can successfully correlate these two streams of information can realise significant productivity gains. That is where Open Text ECM solutions for Oracle come in, enabling customers to take full advantage of the Open Text ECM Suite.
âWe have a long-standing, relationship with Oracle and are committed to continued development using Oracle Fusion middleware to deliver innovative ECM technology and solutions integrated with Oracle Applications,â said Rich Buchheim, Vice President of Oracle Solutions at Open Text. âToday we are announcing completely new capabilities to help Oracle customers significantly improve content access and archiving, while also introducing extensive enhancements to our leading accounts payable solution for Oracle.â
Open Text Content Access for Oracle
Open Text Content Access for Oracle is a new offering that provides a single point of access to Oracle and non-Oracle data and content assets from either the Oracle user interface or from the Open Text ECM Suite. It enables companies to organise and manage all content, including legacy content, in virtual folders and provides an easy and low-cost way to archive documents.
Organisations often must reuse the same business content throughout multiple applications, even though parts of documents are tied to specific applications such as ERP or CRM. Open Text Content Access for Oracle provides a means of sharing this business content across different applications for a single face to customers, partners or employees.
While regulations vary around the world, they all require that organisations track, manage, and retain business information. Open Text Content Access for Oracle addresses evolving compliance requirements by leveraging the ECM Suite to securely store content for designated periods, link related information, provide an audit history for corporate content, and enable organisations to quickly access any document on demand.
Open Text Accounts Payable for Oracle
Part of the Open Text ECM Suite, Open Text Accounts Payable for Oracle is a complete solution that streamlines the procurement to-pay cycle. It leverages Oracle Fusion Middleware to integrate into the OracleÂ® E-Business Suite, Oracleâs PeopleSoft Enterprise, and Oracleâs JD Edwards EnterpriseOne. Key capabilities include invoice routing and approval, invoice management, document and data capture, workflow management, content storage, and process reporting.
The latest release of Open Text Accounts Payable for Oracle, version 3.0, features extensive enhancements that improve usability, increase configuration flexibility, provide more robust auditing, enhance process archiving, and simplify administration. To help staff members access the right information at the right time, comments and attachments can now be added at any step in the workflow process.
In addition, the new release supports JD Edwards EnterpriseOne 8.12 (and above) and delivers tighter integration with ERP financial modules. It allows distributed processing (coding, review, approval, and vouchering) inside or outside of the JD Edwards system. This approach helps eliminate bottlenecks and distributes workload by allowing the people âin the knowâ to review, approve, and enter the invoice data directly into the Open Text solution without the need for JD Edwards user licenses or direct accounts payable involvement, unless desired.