Stonebridge Companies Turns to Open Text to Manage Business Content with Livelink ECM
Leading U.S. Developer and Manager of Hotels Selects Open Text to Improve Productivity, Reduce Costs in Key Business Processes
Chicago, IL - 2007-05-30 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), the largest independent provider of enterprise content management (ECM) software and solutions, today announced that Stonebridge Companies, a leading U.S. hotel development and management company, has selected Open Text s Livelink ECM for use with SAP® applications to reduce costs and increase productivity by improving the way large volumes of invoices, contracts and other key documents are managed throughout the organization.
Founded in 1991 with headquarters in Denver, Stonebridge Companies is a fast-growing organization that has developed or operated more than 75 hotels since its inception. Today the company operates close to 40 hotels in the United States, comprising approximately 6,000 guest rooms and holds franchise licenses with Hilton Hotels, Marriott International, Starwood Hotels and Resorts, among others. Stonebridge Companies employs some 1,400 people across the U.S.
The company chose Open Text s Livelink ECM Solutions for use with SAP applications as part of a broader implementation of Duet Software for SAP, a solution that allows users to interact with business processes and data through Microsoft Office applications. Stonebridge chose Open Text because it needed a solution that could help the company manage content from its SAP applications, including invoices, contacts and human resources information.
Eliminating expensive paper processes and high overnight and mail handling costs were two key reasons for shifting to Open Text s solution. The risks of losing paperwork and time delays trying to find archived documents interfered with productivity. The company used shared drives, saving scanned documents into semi-organized folder structures. But with the company s rapid growth, the volume became unwieldy, with employees sometimes accidentally misplacing documents and folders.
Open Text s solution allows Stonebridge to move to a paperless environment, with a centralized document depository and workflows to manage key, document-intensive processes. The solution also gives Stonebridge Companies the ability to track documents and invoices, while gaining greater security. The solution will be extended across all of Stonebridge Companies departments and involve about 150 users, primarily property management and corporate staff.
"We chose Open Text over EMC Documentum because of its proven integration with SAP applications and Open Text's strategic relationship with SAP, said Kevin Mahoney, COO of Stonebridge Companies.
"Open Text will ultimately enhance communication, business processes and can help us increase efficiency and maximize our productivity by transitioning to a paperless environment. We are excited to build our future on systems with solid infrastructures that deliver increased performance, data security, integrity, reliability and transparency, said Nasim Mansurov, Director of IT at Stonebridge Companies. Open Text gives us an ECM solution that can grow with us and become a key part of our information infrastructure.
Longer term, according to Mansurov, the company is looking to use the system to move more paper-based processes online, as well as to help address their compliance needs with regulations such as the Sarbanes Oxley Act.
The team at Stonebridge Companies took a hard look at all the ways they managed information and how that was impacting their business, said John Wilkerson Executive Vice President of Global Sales, Services and Support at Open Text. They set high standards something that is critical in the hotel business and they clearly wanted a leading-edge solution to maximize productivity and reduce costs. By choosing proven solutions from Open Text and SAP, they are getting systems that will power their business as they grow.
Open Text s Solutions for Use With SAP Applications
Open Text is a leader in ECM solutions that extend SAP applications. Open Text s solutions help customers improve the way they manage content from SAP applications to enhance efficiency in key processes, manage compliance and reduce costs. Open Text offers a complete range of capabilities for managing and archiving business content -- incoming/outgoing invoices, orders, delivery notes, quality certificates, human resources documents that originate from customers SAP applications. Open Text s solutions for use with SAP applications include:
- Records management solutions that allow customers to apply records retention and disposition rules to content in SAP applications.
- Solutions to help customers enhance process efficiency and reduce costs, including accounts payable, vendor invoice management and contract management.
- Archiving solutions, which give customers a secure, scalable, long-term archive, with specific capabilities to address complex process requirements or compliance mandates.
- Solutions that consolidate and archive content from multiple SAP applications and/or legacy systems to help customers speed their transition of enterprise business functions such as accounting or human resources to new SAP applications.
About Open Text
Open Text is the world's largest independent provider of Enterprise Content Management software. The Company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit www.opentext.com.
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, 2006. 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.
Copyright © 2007 by Open Text Corporation. LIVELINK 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. 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.
For more information, please contact
Richard Maganini
Open Text Corporation
1-847-961-0662
rmaganin@opentext.com
Brian Edwards
McKenzie Worldwide
+1-503-577-4583
briane@mckenzieworldwide.com
Michele Stevenson
Open Text Corporation
519-888-7111 ext. 2594
mstevens@opentext.com
