Open Text Delivers SAP® xApps Certified Application for Contract Management
New Composite Application Lets Enterprises Use SAP Solution-based User Roles to Simplify Processes, Improve Quality and Ensure Compliance
SAPPHIRE '06 PARIS - 2006-05-31 - Open Text Corporation (Nasdaq: OTEX, TSX: OTC), a leading provider of Enterprise Content Management (ECM) software, announced today that it is delivering a contract management application that has received the SAP® xApps Certified Powered by SAP NetWeaver® designation. A composite application, the Open Text Contract Management solution (version 1.0) provides role-based views into all contract documents and SAP solution-based data to help companies streamline processes, increase consistency and enhance regulatory compliance. The announcement was made today at SAPPHIRE® 06 Paris, SAP s international customer conference.
SAP xApps composite applications combine Web services and data from multiple systems in an application design based on SAP composite tools such as the SAP Composite Application Framework (SAP CAF) within the SAP NetWeaver platform. The Open Text Contract Management solution takes advantage of this platform to manage contract documents across multiple departments and user roles such as sales, legal, service and quality assurance.
The application helps companies using SAP NetWeaver Portal to automatically track and manage contracts and related documents in one easy-to-implement, packaged application that builds on their existing IT environment. Companies can reduce the cost of administering contracts, increase consistency and improve compliance with contract terms and policies, thus helping to meet Sarbanes-Oxley regulations.
Using the new contract management solution, enterprises can store and access contracts from a central location, with transparent authentication using SAP single sign-on. It also provides multiple views based on the user s role, such as account manager, internal sales support, contract administrator or sales manager. It supports the contract management lifecycle, providing integrated functionality in the following areas:
- Sales Initiate contracts and create notes defining contract terms
- Internal Sales Support Create contract documents and attach standard documents
- Contracts/Legal Review and approve documents added by the sales team
- Delivery Review and update documents and master data for fulfillment
Open Text is an SAP Software Partner and an active member of the SAP Enterprise Services (ES) Community that facilitates the definition of enterprise services and the adoption of the enterprise services architecture (ESA), SAP s blueprint for a business process-driven approach to service-oriented architecture (SOA).
The certification of Open Text s Contract Management solution adds to the company s rich history of SAP certified integration. Components of Open Text s Livelink ECM Suite for SAP Solutions have received a range of SAP certifications for all major releases of SAP software, including being certified for SAP ArchiveLink and achieving Powered by SAP NetWeaver qualification, among others.
All SAP xApp Certified applications undergo a rigorous testing procedure administered by SAP to ensure performance and conformance to SAP specifications. For more information on the Open Text Contract Management solution, go to: http://www.opentext.com/2/sol-products/sol-pro-extensions-sap/pro-ll-sap-contract-mgmt.htm. For more information on Livelink ECM Suite for SAP Solutions, go to: http://www.opentext.com/products/sap/.
About Open Text
Open Text is a leading provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com
Trademark
Copyright © 2006 by Open Text Corporation. LIVELINK, LIVELINK ECM and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. SAP, xApps, SAP NetWeaver, SAPPHIRE, mySAP, SAP ArchiveLink and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Release Disclaimer
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements relating to the success of any of the Company s strategic initiatives, the Company s growth and profitability prospects, the benefits of the Company s products to be realized by customers, the Company s position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2005. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
For more information, please contact
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
Richard Maganini
Open Text Corporation
1-847-961-0662
rmaganin@opentext.com
Brian Edwards
McKenzie Worldwide
+1-503-577-4583
briane@mckenzieworldwide.com
