SAP to Resell OpenText Extended ECM as SAP® SuccessFactors® Extended Enterprise Content Management by OpenText
WATERLOO, Ontario, June 15, 2017 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), a global leader in Enterprise Information Management (EIM), today announced its global reseller agreement with SAP (NYSE: SAP). As part of the agreement, SAP will resell OpenText Extended ECM as SAP® SuccessFactors® Extended Enterprise Content Management by OpenText. Designed exclusively for SAP SuccessFactors HCM Suite, the new cloud-based solution helps organizations manage human resources (HR) and employee documents from generation to disposition in a secure and compliant manner. Available immediately, the solution helps businesses to improve organizational performance and increase HR efficiency and productivity by centralizing the way they digitalize, create, store, manage and access employee documents.
"More than any other department, HR professionals are responsible for a vast amount of information which is pivotal to the organization," said Adam Howatson, chief marketing officer at OpenText. "Helping companies manage their essential employee records through a single, cloud-based source is a significant step for companies wanting to more effectively manage an increasingly global, digital workforce. SAP SuccessFactors Extended ECM by OpenText offers HR professionals a solution uniquely designed to help reduce the time and complexity associated with document management."
With SAP SuccessFactors Extended ECM, customers will be better able to manage employee documents according to country- and region-specific requirements, more easily locate information through powerful search functionality, and generate HR documents and employee correspondence through the availability of set templates, content and pre-defined workflows. Integrated within SAP SuccessFactors HCM Suite, the solution helps ensure that relevant employee file content is readily accessible to HR professionals, managers and employees within the context of the appropriate HR business processes and workflows.
"HR digital transformation is about removing the many manual tasks that are tedious and complicated, and that expose the organization to security and compliance risks," said Yvette Cameron, senior vice president of Strategy at SAP SuccessFactors. "As workforces expand and businesses become increasingly global, HR cannot afford to spend hundreds of hours each year manually storing, managing and retrieving employee documents. With SAP SuccessFactors Extended ECM, we are fulfilling our commitment to helping our customers achieve efficiency and accuracy as they operate on a global scale."
Additional highlights include:
- Centralized Digital Employee Files – Pre-defined HR folder structures and taxonomy help simplify the processing, managing and securing of large volumes of employee, retiree, contractor and job applicant documents from one location.
- Document Management – Version control, audit trails, metadata, document search and employee workspaces help organize, control and locate documents.
- Records Management – Document-level rules for access, retention, deletion and legal compliance support regulatory compliance, and help minimize the risks associated with audit and litigation.
- Employee File Completeness Check – Completeness check alerts notify HR managers of missing or out-of-date documents.
- HR Document Generation – Robust document-generation platform supports HR document creation requirements.
- Integration to SAP SuccessFactors HCM Suite and SAP ERP HCM – Solution integration provides centralized management of employee documents in a hybrid environment.
OpenText enables the digital world, creating a better way for organizations to work with information, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Open Text Corporation