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SI Corporation Adopts Enterprise Content Management Solution from Open Text
Integrates to SAP for More Efficient Accounts Payable, Reduced Costs
Chicago, IL. - 2004-09-14 - Open Text™ Corporation (Nasdaq: OTEX, TSX: OTC), the world’s largest provider of Enterprise Content Management (ECM) software, announced today that SI Corporation, a major textiles producer, has selected an Open Text software solution to replace a manual invoicing system in its Accounts Payable department. Part of SI’s corporate drive to raise productivity and lower costs, the solution seamlessly integrates into SI’s SAP financial system to enable the company to maximize its SAP investment, strengthen its corporate compliance strategy and reduce operating costs.
Charla Hodges, Senior Director of Management Information Services for SI Corporation, said the SI accounts payable team will use Open Text’s IXOS Suite for SAP to scan invoices directly into the company’s SAP R/3 system for easier tracking, processing and retrieval.
“IXOS Suite for SAP will deliver a faster, more cost-effective way to track, file, and access invoices, but that’s just half the story,” she said. “This is about a company-wide commitment to improving business efficiency. The aspect of Open Text’s ECM approach that most excites us is the opportunity to take a smarter approach to managing our staff and IT resources. By reducing processing time, the solution will free our accounts team to spend more time on activities that deliver more value to our business overall.“
Hodges said that the IXOS Suite for SAP solution is also a fundamental part of SI’s corporate compliance strategy. “The law requires us to retain invoices for at least seven years, so until now we had to crowd the attics of our manufacturing plants with hundreds of boxes filled with old bills,” she continued. “With our new solution, we can scan the invoices into the computer and retrieve them later at a moment’s notice. A fast, simple way to locate records is essential because we process more than a thousand invoices every month.”
Open Text President John Shackleton said that SI is an excellent example of the way a sound ECM strategy delivers measurable business value. “By improving the way customers capture, share, manage and store documents, Open Text is enabling large organizations like SI to reduce costs, get more from their IT infrastructure, and implement controls for effective management of electronic documents to ensure stronger regulatory compliance practices,” he said.
SI conducted a thorough RFP and reviewed several other solutions before choosing IXOS Suite for SAP. Hodges notes that SI was impressed with the Open Text team’s experience, level of professionalism, commitment to customers, and close relationship with SAP.
Open Text’s IXOS solution suite enables companies to create, deliver, and manage any content throughout their enterprise—business application data, documents, e-mail, Web pages, XML, and rich media—using a common content repository and architecture. IXOS’ solutions are highly scalable and deliver maximum application integration with customers’ installed systems such as SAP, Siebel, Microsoft Exchange, Lotus Notes, portals, or line-of-business applications.
These capabilities will be among the broad range of solutions Open Text will present at its upcoming annual user conference LinkUp Phoenix 2004, being held this year in Phoenix, Arizona, November 15-18. For more information, go to: www.opentext.com/linkup. For more information on IXOS Suite for SAP, go to: www.opentext.com/products/ixos-suite-for-sap
Charla Hodges, Senior Director of Management Information Services for SI Corporation, said the SI accounts payable team will use Open Text’s IXOS Suite for SAP to scan invoices directly into the company’s SAP R/3 system for easier tracking, processing and retrieval.
“IXOS Suite for SAP will deliver a faster, more cost-effective way to track, file, and access invoices, but that’s just half the story,” she said. “This is about a company-wide commitment to improving business efficiency. The aspect of Open Text’s ECM approach that most excites us is the opportunity to take a smarter approach to managing our staff and IT resources. By reducing processing time, the solution will free our accounts team to spend more time on activities that deliver more value to our business overall.“
Hodges said that the IXOS Suite for SAP solution is also a fundamental part of SI’s corporate compliance strategy. “The law requires us to retain invoices for at least seven years, so until now we had to crowd the attics of our manufacturing plants with hundreds of boxes filled with old bills,” she continued. “With our new solution, we can scan the invoices into the computer and retrieve them later at a moment’s notice. A fast, simple way to locate records is essential because we process more than a thousand invoices every month.”
Open Text President John Shackleton said that SI is an excellent example of the way a sound ECM strategy delivers measurable business value. “By improving the way customers capture, share, manage and store documents, Open Text is enabling large organizations like SI to reduce costs, get more from their IT infrastructure, and implement controls for effective management of electronic documents to ensure stronger regulatory compliance practices,” he said.
SI conducted a thorough RFP and reviewed several other solutions before choosing IXOS Suite for SAP. Hodges notes that SI was impressed with the Open Text team’s experience, level of professionalism, commitment to customers, and close relationship with SAP.
Open Text’s IXOS solution suite enables companies to create, deliver, and manage any content throughout their enterprise—business application data, documents, e-mail, Web pages, XML, and rich media—using a common content repository and architecture. IXOS’ solutions are highly scalable and deliver maximum application integration with customers’ installed systems such as SAP, Siebel, Microsoft Exchange, Lotus Notes, portals, or line-of-business applications.
These capabilities will be among the broad range of solutions Open Text will present at its upcoming annual user conference LinkUp Phoenix 2004, being held this year in Phoenix, Arizona, November 15-18. For more information, go to: www.opentext.com/linkup. For more information on IXOS Suite for SAP, go to: www.opentext.com/products/ixos-suite-for-sap
About Open Text
Open Text™ is the market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Throughout its history, Open Text has matched its tradition of innovation with a track record of financial strength and growth. Today, the company supports more than 17 million seats across 13,000 deployments in 67 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com
Trademark
Copyright © 2004 by Open Text Corporation. OPEN TEXT is a trademark or registered trademark 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.
Release Disclaimer
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. These risks and uncertainties include, among others, risks involved in 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 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, 2002, and Form 10-Q for the quarters ended March 31, 2003, June 30, 2003, September 30, 2003, December 31, 2003 and March 31, 2004. 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
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com
