OpenText is adding new capabilities to its Business Network Cloud as part of the Cloud Editions 21.4 launch at OpenText World.
The Business Network Cloud enables companies to digitise their supply chain. Companies connect once and are integrated into the largest trading partner network in the world, with over a million trading partners available through the unified Trading Grid platform. Recently recognised as a Leader in the IDC Multi-Enterprise Supply Chain Collaboration Network, the OpenText platform allows people, systems, and things to connect across the entire digital business ecosystem.
This includes out of the box integration with over 200 API connectors to internal business systems, the industry's only Identity and Access Management (IAM) capability specifically built for supply chains, an integrated IoT platform for shipment traceability and next-generation eInvoicing to improve efficiency and meet diverse regulations around the world.
"As supply chain challenges increase, global businesses need visibility into their supply chain operations and the flexibility to change suppliers quickly," says OpenText CEO - CTO, Mark J. Barrenechea.
"The OpenText Business Network Cloud provides this insight and flexibility to the largest supply chains in the world, empowering them to anticipate and respond quickly to both opportunities and disruptions. With this release, we're bringing this unique capability to companies of all sizes."
The CE 21.4 release brings these capabilities to more customers than before through new self-service functionalities and managed services that provide industry-leading B2B integration capabilities and the ability to connect with trading partners anywhere in the world. There are new integrations with external vendors, improved user experience, and solutions to help global manufacturers automate invoices and compliance.
Enabling companies of all sizes to connect with global trading partners
The new release introduces a tiered approach to business integration so that companies of any size can effortlessly integrate with trading partners worldwide through the Business Network Cloud.
With pre-packaged, self-service capabilities, this expanded offering enables companies to manage their trading partner communities while providing best-in-class integration, analytics and compliance services in an easy-to-use format.
By leveraging a unified integration platform, any company can now join the network and access the same capabilities that much larger businesses have been using to react to supply chain disruption and take advantage of new opportunities.
Expanded compliance and shipment visibility
The capabilities in OpenText Active Applications have been expanded to provide greater invoice compliance and shipment visibility and to integrate with more external vendors and data sources.
The company says these updates are particularly important to businesses looking to expand their operations globally, as Active Applications provides the end-to-end shipment visibility and global tax compliance necessary to enter new markets with confidence.
Improved User Experience
The redesigned user experience for the OpenText IoT Platform makes it easier to collect insights and manage IoT devices in business and developer operations. The upgraded interface provides a number of enhanced self-service developer capabilities, including accelerated device onboarding and the ability to create digital twin environments.
New Solutions for Manufacturers
The new OpenText Compliant eInvoicing for Manufacturing automates invoicing for global manufacturers, empowering them to accelerate cash flow, reduce costs, speed supplier payments, and meet government mandates across 48 countries.