AI, Intelligent Capture and Advanced Process Automation Deliver
Intelligence and Efficiency for Global Leader in Chemistry Products
and Services
WATERLOO, Ontario, Jan. 17, 2020 /PRNewswire/ -- OpenText™ (NASDAQ:
OTEX), (TSX: OTEX), a global leader in Enterprise Information
Management (EIM), today announced Univar Solutions EMEA, a leading
distributor of chemical ingredients and services in Europe, is working with OpenText Professional
Services to upgrade their deployment of OpenText™ Vendor Invoice
Management for SAP® Solutions to further transform its accounts
payable operations with new AI, intelligent capture and automation
capabilities.
OpenText™ Vendor Invoice Management for SAP® routes invoices
automatically to the right person for resolution, approval and
payment. New enhancements to the solution will boost Univar
Solutions EMEA's operations by giving the company access to OCR
line item recognition, improving invoice training and automating
previous manual freight processing and costing.
"Deep integration between OpenText and SAP is helping us
continuously streamline our accounts payable processes, while
continuing to find productivity gains through automation and
innovation," said Brian Morgan, IT
director EMEA, Univar. "We are working with OpenText Professional
Services to take advantage of new capabilities in AI and process
automation, ensuring that our people are focused on the
customer-facing work which matters most to our business. The fewer
touchpoints on an invoice, the better for our team and our
clients."
Powerful optical character recognition combined with machine
learning and intelligent automation enables content to be matched
against supplier delivery notes. This helps Univar Solutions EMEA
continuously identify and remove bottlenecks and automatically
correct errors or inefficiencies before they impact customer
satisfaction. Advanced analytics and reporting tools give Univar
Solutions EMEA greater visibility over its accounts payable
processes, helping ensure governance, compliance and clarity.
"OpenText helps companies connect business applications, digital
business processes and proprietary company content. With technology
that brings together information previously siloed across the
business, OpenText can help transform content-intensive processes
from complex and costly pain-points to sources of intelligence that
boost customer satisfaction and provide an information advantage,"
said Patricia Nagle, Chief Marketing
Officer at OpenText.
OpenText is SAP's largest solution extension partner with
more than 20 years of experience helping SAP customers with
intelligent integrations for content-intensive business processes
and models.
About OpenText
OpenText, The Information
Company™, enables organizations to gain insight
through market leading information management solutions,
on premises or in the cloud. For more information about OpenText
(NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Connect with us:
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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 © 2020 Open Text. All rights reserved. OpenText is a
trademark or registered trademark of Open Text. 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 or other respective
owners.
OTEX-G
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SOURCE Open Text Corporation