OpenText Expands Reach of Its Cloud-based Solutions Now Included in SAP® Cloud for Travel Solution
OpenText Capture and Optical Character Recognition Services Now Featured in SAP Cloud for Travel to Help Simplify and Increase Speed of Travel Expense Processing
WATERLOO, ON, May 13, 2013 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM), today announced that its powerful capture and optical character recognition (OCR) services are now included in the SAP® Cloud for Travel solution (formerly known as SAP Travel OnDemand), a cloud-based application for travel management. Further strengthening the partnership between OpenText and SAP, the offering is expected to make it easier for business travelers to file expense reports using information scanned from receipts using scanners or mobile devices.
Delivering a mobile user experience designed for today's business traveler, SAP Cloud for Travel is a subscription-based cloud solution that helps customers manage expenses without any additional hardware or services. SAP customers can now have cost-efficient access to proven OpenText Capture Center technology, which is recognized as one of the leading multi-channel capture solutions available today.
In what OpenText believes underscores the strength of its technology, Forrester Research, Inc. ranked OpenText a leader in its report, "The Forrester Wave: Multichannel Capture, Q3 2012." OpenText received the highest possible scores in the OCR support, multichannel input, mobile capture, and document classification categories, now available as a service in SAP Cloud for Travel. In its evaluation, Forrester also recognizes OpenText as a leader in the market.
"OpenText has been innovating alongside SAP for more than two decades to provide customers with transformational technologies that can set them apart from the competition," said Patrick Barnert, senior vice president, partners and alliances at OpenText. "The new OpenText cloud-based service offering within SAP Cloud for Travel is yet another step forward in our partnership, reinforcing OpenText's commitment to empowering customers with EIM cloud solutions. This and future cloud offerings are expected to further help ensure organizations have flexible access to the EIM solutions they need to help drive business."
"OpenText's OCR technology greatly enhances the SAP Cloud for Travel offering," said Tobias Dosch, senior vice president, Product Management Cloud, SAP. "It helps to reduce costs and increase usability and efficiency of our customers in the expense reporting process."
OpenText will be demonstrating its EIM solutions at the SAPPHIRE® NOW conference, which will take place in Orlando, Fla., May 14 - 16. Attendees can visit the OpenText booth 1025 to experience how OpenText and SAP solutions can help empower customers to fully capitalize on the untapped value of their unstructured data and help deliver solid business results.
At the event, SAP will officially recognize OpenText with a 2013 SAP Pinnacle award as a Solution Extension Partner of the Year, making it the sixth consecutive SAP Pinnacle award OpenText has received. These awards are presented annually to the top SAP partners that have excelled in developing and growing their partnership with SAP and driving customer success. Finalists and winners are based on field recommendations, customer feedback and performance indicators in the following four categories: co-innovation, market expansion, service delivery and sustainability.
OpenText Capture and OpenText's Optical Character Recognition Services are available immediately as part of the SAP Cloud for Travel solution.
To learn more about OpenText solutions for SAP software and EIM:
- Visit http://www54.sap.com/solutions/tech/cloud/software/travel-on-demand/index.html
- View our recent press release announcing OpenText as the proud recipient of its sixth consecutive SAP Pinnacle award
- Read the blog of Mark Barrenechea, OpenText's CEO
- Visit the OpenText EIM Resource Center to view the latest customer videos, whitepapers and more
- Come meet with us in person at our upcoming OpenText EIM Days
- Follow OpenText on Twitter @opentext and on Facebook at http://www.facebook.com/opentext
OpenText provides Enterprise Information Management software that enables companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 50,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.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. Copyright ©2013 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. SAP, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and several other countries. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
SOURCE Open Text Corporation
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