OpenText B2B Managed Services Supports Aggressive Growth Strategy with EDI Expertise and Accelerated Trading Partner Onboarding
WATERLOO, Ontario, April 25, 2017 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced that Trimfoot, provider of fashionable, quality footwear for the infant, children, women, and dance markets, has selected OpenText B2B Managed Services. OpenText offers Trimfoot the flexibility and scalability needed to quickly grow its network of global trading partners.
Trimfoot develops and sells quality footwear across North America, offering a broad market spectrum of brand names, including Baby Deer®, Wee Kids, Natural Steps®, School Issue®, Dance Class®, and Lindsay Phillips®, as well as many private labels. With 200 trading partners and limited EDI capabilities in its existing system, Trimfoot needed a solution that could enable better communication within its current network of trading partners and have the flexibility to grow with the company. The company chose OpenText to optimize and automate its supply chain for a better business network.
"Understanding the EDI capabilities and demands for both our wholesale business and third-party logistics, I asked our very small IT department what it would take to enhance it," said Michael Langfitt, chief operating officer at Trimfoot. "After evaluating and discussing an in-house versus outsourced system, it became very clear that outsourcing to OpenText was not just a viable option, it was the prudent business decision. Choosing OpenText B2B Managed Services was a strategic position that would save time, money, and also take the onus off our small IT team, and put it on to a company built to handle it."
Trimfoot's new OpenText solution can now accommodate trading partners of different sizes and in different regions using a variety of EDI formats. Using OpenText B2B Managed Services allows Trimfoot to benefit from OpenText's industry experience and established relationships working with thousands of trading partners globally. Trimfoot is able to continue to provide excellent service and adapt more quickly and effectively, while allowing the company to outsource all facets of the implementation and ongoing management.
"Retail is an ever-changing environment and OpenText will help us maintain our ability to meet the needs of our trading partners," said Langfitt. "We can provide a level of service that enables our trading partners to maintain their market position with the right shoe sizes in the right stores and without excess inventory. That is the advantage of doing business with Trimfoot versus doing business with somebody else."
Langfitt added, "We will also use the OpenText solution to enhance our third-party logistics, because it's now no longer just about what Trimfoot sells, but it includes the companies that we ship shoes for and what they sell. And, our single largest growth option is direct-to-consumer."
Langfitt elaborated on benefits gained by changing their corporate strategy to include a move to the OpenText Cloud, "We were probably one of the last companies to come off of a mainframe operation, but I'm excited about the benefits that come with a move to the cloud—we don't have to own the software, manage the payroll, or take care of technical difficulties."
"We are all completely impressed by the scope, the flexibility, and the engagement level of the people that have met with us face-to-face. They are professional, they are crisp, they are clear. Our impression of OpenText as a company is that I believe we are in the developing stages of what I hope will be a tremendous partnership," concluded Langfitt.
The OpenText EIM portfolio is designed to enable organizations to discover and manage information to spur growth and innovation and decrease time to competitive advantage. The platform consists of comprehensive and integrated product solutions including Content Suite, Process Suite, Experience Suite, Analytics Suite, Discovery Suite and Business Network. OpenText's EIM solutions are available for deployment on-premises, in the cloud and in hybrid deployments.
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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