WATERLOO, Ontario, Sept. 17, 2013 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM), today announced that it has unveiled a powerful, new integrated solution that leverages the enhanced collaboration features of OpenText Transmittal Management with the speed and security of OpenText Managed File Transfer (MFT). Through this integrated solution, OpenText is enabling businesses to transmit large, critical document packages to their customers and partners outside the firewall up to 30 times faster than traditional methods, such as file transfer protocol (FTP), while greatly improving user efficiency, security, and addressing regulatory compliance.
Businesses in a wide variety of industries, such as engineering, energy, and mining, use transmittals to transfer critical documents – such as contracts, drawings, specifications, calculations, and other information – between their customers or partners, usually for review, approval, or implementation purposes. These packages are an official business record, forming the basis for many contractual decisions and results, and are often used in determining liability and documenting due diligence in litigation or claims. Attempting to send these critical files through old practices, such as FTP services, USB flash drives, DVDs and personal email are inefficient, prone to error, complex and create security risks for the companies and individuals involved.
"Increasingly, electronic information is transcending the boundaries of the traditional enterprise. Agile companies need a simple and secure method for sharing large volumes of information across the extended enterprise – between engineering, procurement, and construction management (EPCM) firms, suppliers or services companies, and owner-operators," said Muhi Majzoub, senior vice president, engineering at OpenText. "By integrating Managed File Transfer with Transmittals Management, OpenText delivers the governance and security of traditional document control processes, married with the speed and flexibility that the modern mobile workforce has come to expect."
Files over 10MB in size are typically prevented from being sent through email due to their size. Through the use of OpenText's integrated EIM solution, businesses can now use the Transmittal Management interface to send these large transmissions faster and more securely to customers and partners outside of the firewall, greatly improving user efficiency, delivery times and corporate compliance.
"Managed and secure information sharing is the foundation of engineering and project management excellence. Ensuring that engineering and contract management document packages can be efficiently organized and confidently exchanged with partners, suppliers and contractors is critical to enforcing accountability, minimizing errors, and resolving contract disputes," said Sid Snitkin, vice-president, Enterprise Advisory Services, ARC Advisory Group.
Availability OpenText's integrated Transmittal Management and Managed File Transfer solution is available immediately directly from OpenText and through the company's global partners.
This integration is an example of a solution combining technologies from two of the five foundational pillars of OpenText's Enterprise Information Management (EIM) strategy, OpenText Enterprise Content Management (ECM) and OpenText Information Exchange (IX). This type of integration demonstrates the power of EIM, as it helps organizations to take full advantage of enterprise information and gain better business insight, create a positive business impact, increase process velocity, reduce risks related to information governance, and protect intellectual property from internal leaks and external threats. OpenText Enterprise Content Management (ECM) helps businesses manage information through its lifecycle, improve business productivity, mitigate risk, and control costs of growing volumes of content. OpenText Information Exchange solutions help facilitate efficient, secure, and compliant exchange of information inside and outside of the enterprise.
Learn more about OpenText EIM:
- Read the blog of Mark Barrenechea, OpenText's CEO
- OpenText EIM Resource Center offers the latest customer videos, whitepapers and more
- Register to attend OpenText Enterprise World 2013 in Orlando, Florida, November 17-21
- Connect with OpenText:
About 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.
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SOURCE Open Text Corporation