OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced it has added new analytics capabilities for OpenText Trading Grid, the world’s leading B2B Integration network, powering many of the largest global 2000 supply chains. Enhancing Trading Grid’s analytics capabilities will provide companies with the business process insights they need to make data-driven decisions that will increase their supply chains’ effectiveness.
As companies have automated their B2B business processes and begun conducting transactions electronically, they require visibility into the information flowing throughout their supply chain to speed decision-making, respond quickly to changing customer and market demands, and optimise their business processes.
“Armed with business insight, companies can be agile and responsive to increase their competitiveness in the marketplace,” said Muhi Majzoub, senior vice president of engineering, OpenText. “Enabling customers to identify the areas of their B2B processes that require attention, OpenText Trading Grid Analytics helps transform B2B programmes. As we enhance our services for the Digital-First World, OpenText Trading Grid will continue to offer customers the tools they need to increase the end-to-end performance of their B2B processes.”
With a simple, intuitive user interface, OpenText Trading Grid Analytics provides both the timely B2B transaction data needed to address problems and exception conditions and the summary data needed to identify performance trends. The business intelligence gathered from the analytics tools will allow companies to lower costs and help align to the ever-changing business environment, making them more competitive.
“The poor quality and fragmentation of data has hindered organisations from generating accurate analytics based on the current state and priorities in the supply chain,” finds Gartner Analyst Noha Tohamy1. “Supply chain organisations are grappling with how to mature their analytics capabilities to support digital business and reap return on investment.”
With a comprehensive suite of business applications to enable the supply chain, Trading Grid offers messaging and B2B Integration services on–premises and via the cloud enabling any-to-any transactions for small to large trading partners. OpenText Trading Grid is powered by the OpenText Cloud, which processes more than 16 billion transactions per year, representing $6.5 trillion in commerce and integrating 600,000 trading partners for more than 60,000 customers around the globe.
OpenText Trading Grid is a core platform for OpenText Information Exchange which is a set of solutions enabling any type of information exchange between business, ranging from fax, notifications, secure managed file transfer, to B2B integration and B2B applications. OpenText Information Exchange is one of the five pillars of OpenText’s Enterprise Information Management strategy, complementing Enterprise Content Management, Business Process Management, Customer Experience Management, and Discovery.
1Noha Tohamy, “The Supply Chain Strategist’s Guide to Analytics Maturity,” Gartner, 31 October 2014