Archive for OpenText

OpenText’s New Content Management Services To Be Delivered Through SAP Cloud Platform

Posted in Commentary with tags on May 8, 2019 by itnerd

OpenText has announced that its new cloud services will work with SAP Cloud Platform and other SAP solutions to harmonize data and content services. Developed on OT2, OpenText’s Content Management Services delivered through the SAP Cloud Platform is planned for availability in Q4 2019.

The solution builds on the long standing partnership between OpenText and SAP. OpenText has been an SAP partner for more than 25 years and was recently received 2019 SAP Pinnacle Award as SAP Solution Extension Partner of the Year.

The new services address the need to manage structured data and unstructured content across applications and intelligent business processes and will include standard and premium services such as extended content management, Office 365 integration, capture and document generation services.

 

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OpenText’s New Cloud & Hybrid Offerings For SAP Solutions

Posted in Commentary with tags on May 4, 2019 by itnerd

OpenText has announced the immediate availability of OpenText Core for SAP® SuccessFactors® solutions – a native cloud offering delivered via the latest OT2 release. The OT2 release allows for rapid construction of purposefully built cloud applications which transform business workloads through a micro services-based platform that extends existing cloud applications. With several additional solutions also announced today, OpenText continues to deliver a platform for innovation where customers can leverage their information, foster collaboration and make better decisions.

OpenText is announcing a number of innovative cloud and hybrid solutions for SAP customers, including:

  • OpenText Core for SAP SuccessFactors (sold by SAP as SAP SuccessFactors Document Management by OpenText) addresses the demands of the digital workforce through the simplification and transformation of current HR processes. OpenText Core for SAP SuccessFactors manages employee file content with an easily deployed cloud solution to simplify HR processes and boost employee engagement. These solutions provide customers with access to relevant information at their fingertips that enable them to effectively manage talent from hire to retire, transform HR processes and meet the expectations of today’s workforce with the first cloud application for SAP solutions built on OpenText OT2.
  • OpenText Extended Enterprise Content Management for Engineering (sold by SAP as SAP Extended Enterprise Content Management by OpenText, add-on for capital projects and operations) is a targeted solution for engineering, operations and maintenance teams expanding the market-leading Extended Enterprise Content Management platform for SAP solutions from OpenText. It helps increase production uptime and revenue by speeding task and project completion, supporting efficient external and internal collaboration, reducing time to milestones and helping boost compliance. Offered both on-premises and in the cloud, it efficiently controls engineering and asset information, work processes and risk across the lifecycle of projects and operations.
  • OpenText Extended ECM for Microsoft® Office 365™ (sold as SAP Extended Enterprise Content Management by OpenText, add-on for Microsoft Office 365) is a cloud solution connecting Office 365 directly into SAP ERP, CRM and related business applications, integrating Microsoft Teams, Groups, Outlook Online and SharePoint Online into key processes. This provides a better collaboration experience and automates governance and control of documents. Based on best practices, customers can automate the creation and decommissioning of Teams without losing the related content as part of the typical project or case lifecycle. Office Online integration provides co-authoring sessions directly from Extended ECM or any integrated Business Application (i.e. SAP Fiori®) without worrying about versions or edits.
  • OpenText Information Extraction Service for SAP Solutions (IES) (sold by SAP as SAP Information Extraction by OpenText) uses machine learning and optical character recognition (OCR) to capture and extract the targeted information from incoming communications. The software allows high levels of automation via a robust service, completely integrated into SAP solutions to help capture any incoming document, including invoices, sales orders, quotations, delivery notes, order confirmations and passes this information, in the right business context, to the relevant SAP process.
  • OpenText has also expanded the scope of the existing OpenText Vendor Invoice Management for SAP Solution (VIM) (sold by SAP as SAP Invoice Management by OpenText and SAP Invoice Management by OpenText for SAP S/4HANA®). VIM will ingest information from delivery notes, order confirmation documents and apply digital processing and reporting. Replacing manual processing for these new document types helps increase compliance, control and visibility.

For more information on the SAP and OpenText partnership, click here.

OpenText Tapped By Pandora For Asset Storage And Management

Posted in Commentary with tags on April 11, 2019 by itnerd

OpenText today announced Pandora, the largest streaming audio provider in the U.S., selected OpenText Media Management as the asset storage and management application for its audio and display advertising.

Powered by the Music Genome Project, Pandora delivers its users personalized music that continually evolves with their tastes. An important element of this customization is an intelligent media strategy. Providing advertisers with an engaging, targeted, scalable platform is an integral part of Pandora’s business strategy. Hosted on AWS via Risetime managed services, and partnering with Cyangate on implementation services, OpenText Media Management will support the production and management of over 35,000 advertisements per year. Pandora is available on mobile, web and over 2,000+ CE devices.

The digital media business is incredibly complex. With a huge volume of advertising assets, a streamlined process and the ability to search for and reliably access these assets is critical to keep up with demand. OpenText Media Management serves the entire enterprise by helping users extend business processes with digital media workflows and digital asset management (DAM) services for controlled access to digital media assets – inside and outside the firewall.

For more information on OpenText Media Management, click here.

OpenText collaborates With Pharmascience To Provide Critical Information Management

Posted in Commentary with tags on March 28, 2019 by itnerd

OpenText has announced Pharmascience, a leading Canadian manufacturer of branded and generic pharmaceutical drugs, has deployed OpenText Content Suite to help manage its complex document management requirements.

Pharmascience produces over 2,000 products with sales in over 60 countries worldwide. In Canada alone, more than 45 million prescriptions a year are filled with Pharmascience products. The company needed a scalable Enterprise Content Management (ECM) solution to manage and secure its document lifecycle and help respond to increasing regulatory demands. It needed a full range of document governance tools, including workflow management, version control and audit trails. OpenText Content Suite and OpenText Regulated Documents, helped to build a strategic, centralized repository for its most valuable business content.

OpenText Professional Services worked with the expert team at Pharmascience to execute this ambitious digital transformation. The Pharmascience team brought their understanding of the regulatory and governance challenges to the table, while OpenText was able to deliver proactive solutions leveraging EIM expertise developed by working with 20 of the top 20 Life Sciences organizations worldwide.

Reinforcing its IT operational agility, Pharmascience is now working with OpenText Managed Services to handle ongoing Enterprise Information Management functions, ensuring in-house experts can focus on other critical business needs.

OpenText, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText visit opentext.com.

Diversity And Innovation Are Inseparable Says OpenText CEO

Posted in Commentary with tags on March 8, 2019 by itnerd

Achieving gender equality is a shared responsibility for communities, companies and global economies. In celebration of International Women’s Day 2019, OpenText CEO and CTO Mark Barrenechea has written a blog, reaffirming OpenText’s commitment to programs such as its signing of the Catalyst Accord and its membership in the 30% Club Canada. OpenText also sponsors yearly hour of code initiatives for youth at its global offices and is working toward the implementation of a mentorship program to support the career growth of its highest performers.

OpenText is taking these steps because it believes diversity and innovation are inseparable. OpenText has also produced a video called Our Voice which emphasizes the importance of listening to and incorporating everyone’s perspective:

AI, Cloud, and Security Are Top Priorities for Enterprise Legal Departments: OpenText

Posted in Commentary with tags on February 7, 2019 by itnerd

OpenText, the global leader in Enterprise Information Management (EIM), today announced findings from a new report indicating two thirds of legal professionals believe spending on artificial intelligence (AI) will increase in 2019. Survey results, previewed at Legaltech 2019 in conjunction with Ari Kaplan Advisors, demonstrate the convergence of multiple disciplines and the expanding responsibilities of corporate legal operations professionals. Today’s corporate legal leaders are shaping IT strategy with an eye towards litigation-readiness and partnering with security teams on data breach response plans.

The rise of the cloud and the emergence of AI represent progress, but technology adoption will be a long-term endeavor, and this study highlights the willingness to adopt new technologies. With discussions increasingly focused on innovation, efficiency and the next generation of legal practice, legal operations leaders are at the forefront of piloting new technology, executing strategic initiatives, and helping senior leadership navigate the evolving risk and compliance landscape.

Key findings from the survey include:

  • Movement toward the cloud continues: The majority of respondents, 83 percent, rated their organization’s current use of cloud-based tools at a three or above on a 1-5 scale. Further, an impressive 94 percent rated their company’s openness to implementing cloud solutions in the coming year at three or higher.
  • The use of AI is growing: Within legal departments, 34 percent of respondents currently use AI (up from 23 percent in 2017). However, 66 percent of respondents believe that spending on AI solutions will increase in 2019.
  • Focus on security is strong, but sensitive: A full 91 percent reported the legal department’s influence on information security decisions has increased, with 49 percent claiming the legal team is much more involved in information security. Having a seat at the table is significant as 91 percent of respondents also reported they have data security concerns around distributing electronically stored information to multiple discovery vendors and law firms.
  • The GDPR is driving major eDiscovery, privacy and security changes: With 80 percent of respondents advising data privacy concerns are affecting how they handle discovery and investigations, the impacts of regulations such as GDPR are starting to be realized by legal professionals. 49 percent of respondents reported the volume of government or regulatory investigations has grown over the past 12 months.
  • ECM joins the legal tech development conversation: 74 percent of participants reported if their ECM systems were integrated with their eDiscovery systems, it would be beneficial for the legal department.

OpenText provides the legal market with a broad and diverse set of solutions for enterprise-grade eDiscovery, forensic data collection, legal documents management, AI-assisted search, contract analysis, and more. OpenText continues to invest in the legal sector and on January 31, 2019 announced the acquisition of Catalyst Repository Systems, Inc. (Catalyst), a leading provider of eDiscovery solutions for corporate legal departments and top law firms. Catalyst will be integrated into OpenText’s Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText’s continued investments in innovation.

Integrated products and services from OpenText support the business practices, information management, electronic discovery reference model (EDRM) needs, and proactive compliance requirements of the legal industry. For more information visit: https://www.opentext.com/products-and-solutions/industries/legal.

Research methodology

Ari Kaplan Advisors interviewed 35 legal operations leaders with Fortune 500 and 1000 companies between July and August 2018 (17 of whom were interviewed for the 2017 report). Eighty percent served as their organization’s director of legal operations (or in an equally senior role). Most had traditional responsibilities for outside counsel and vendor management, legal technology administration and budgeting, while others participated in or led initiatives related to e-Discovery, advanced strategic planning, talent utilization and business process improvements. Forty-nine percent were from companies with revenues of more than $10 billion and 83 percent were with organizations with revenues of more than $5 billion. Two-thirds were at companies with more than 10,000 employees and 91 percent were with organizations maintaining more than 5,000 employees.

OpenText Buys Catalyst Repository Systems

Posted in Commentary with tags on January 31, 2019 by itnerd

OpenText a global leader in Enterprise Information Management (EIM), today announced it has acquired Catalyst Repository Systems, Inc. (Catalyst), a leading provider of eDiscovery solutions for corporate legal departments and top law firms.

Catalyst will be integrated into OpenText’s Discovery Solutions, helping customers further leverage their technology investments and benefit from OpenText’s continued investments in innovation.

The purchase price of the acquisition is approximately $75 million in an all-cash transaction. Further information for investors, including an overview presentation regarding Catalyst, can be found at: investors.opentext.com/mergers-and-acquisitions.