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SI Corporation Adopts Enterprise Content Management Solution from Open Text
Open Text(TM) Corporation, provider of Enterprise Content Management (ECM) software, announced that SI Corporation, a major textiles producer, has selected an Open Text software solution to replace a manual invoicing system in its Accounts Payable department. Part of SI's corporate drive to raise productivity and lower costs, the solution seamlessly integrates into SI's SAP financial system to enable the company to maximize its SAP investment, strengthen its corporate compliance strategy and reduce operating costs.
Charla Hodges, Senior Director of Management Information Services for SI Corporation, said the SI accounts payable team will use Open Text's IXOS Suite for SAP to scan invoices directly into the company's SAP R/3 system for easier tracking, processing and retrieval.
"IXOS Suite for SAP will deliver a faster, more cost-effective way to track, file, and access invoices, but that's just half the story," she said. "This is about a company-wide commitment to improving business efficiency. The aspect of Open Text's ECM approach that most excites us is the opportunity to take a smarter approach to managing our staff and IT resources. By reducing processing time, the solution will free our accounts team to spend more time on activities that deliver more value to our business overall."
Hodges said that the IXOS Suite for SAP solution is also a fundamental part of SI's corporate compliance strategy. "The law requires us to retain invoices for at least seven years, so until now we had to crowd the attics of our manufacturing plants with hundreds of boxes filled with old bills," she continued. "With our new solution, we can scan the invoices into the computer and retrieve them later at a moment's notice. A fast, simple way to locate records is essential because we process more than a thousand invoices every month."
Open Text President John Shackleton said that SI is an excellent example of the way a sound ECM strategy delivers measurable business value. "By improving the way customers capture, share, manage and store documents, Open Text is enabling large organizations like SI to reduce costs, get more from their IT infrastructure, and implement controls for effective management of electronic documents to ensure stronger regulatory compliance practices," he said.
SI conducted a thorough RFP and reviewed several other solutions before choosing IXOS Suite for SAP. Hodges notes that SI was impressed with the Open Text team's experience, level of professionalism, commitment to customers, and close relationship with SAP.
Open Text's IXOS solution suite enables companies to create, deliver, and manage any content throughout their enterprise-business application data, documents, e-mail, Web pages, XML, and rich media-using a common content repository and architecture. IXOS' solutions are highly scalable and deliver maximum application integration with customers' installed systems such as SAP, Siebel, Microsoft Exchange, Lotus Notes, portals, or line-of-business applications.
These capabilities will be among the broad range of solutions Open Text will present at its upcoming annual user conference LinkUp Phoenix 2004, being held this year in Phoenix, Arizona, November 15-18. For more information, go to: http://www.opentext.com/linkup/. For more information on IXOS Suite for SAP, go to: http://www.opentext.com/products/ixos-suite-for-sap/ 15.09.2004, Open Text Corp.
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