OpenText announces travel receipts management solution for use with SAP applications

Issued by Global Research Partners for Open Text
Johannesburg, 10 Aug 2011

OpenText Corporation, the pre-eminent provider of enterprise content management (ECM) software, today introduced a solution that works in concert with the SAP Travel Management application, to eliminate the need to move paper receipts around in order to process expense reports.

This can help companies significantly lower the cost and time involved with processing reimbursements, while also reducing the burden on travelling employees. The new solution will be resold by SAP as the SAP Travel Receipts Management application by OpenText.

“SAP Travel Receipts Management is a great example of how ECM technology fully optimises SAP solutions by integrating content - in this case travel receipts - into SAP business processes,” commented Patrick Barnert, Vice-President, SAP Solutions at Open Text. “We continued to see strong demand among customers for better ways to manage all forms of business content within the context of their SAP solution-based environments using OpenText solutions.”

SAP Travel Receipts Management by OpenText gives users of SAP Travel Management a full set of tools to eliminate the hassle associated with processing paper receipts. It integrates with multifunction devices, scanning applications, fax machines and e-mail to make it easy to capture images of receipts. With mobile device support, travelling employees can simply use digital cameras or phones to capture receipt images. The digitised receipts are then stored in a repository and linked to appropriate trip information and accessible through standard SAP user interfaces.

The payoff from fully automating travel receipts processing can be substantial. In a recent survey report entitled: “Travel & Expense Management Benchmarking”, PayStream Advisors writes: “On average, a company spent approximately $22.15 to process an expense report, if the process was entirely manual. This was twice as much as the processing costs accrued by companies that are fully automated. Organisations that have some automation in place have been successful in driving down processing costs per transaction to $18.67, whereas companies that are fully automated and using an integrated system have a per transaction cost as low as $10.68.”

Beyond lowering costs, fully automated solutions such as SAP Travel Receipts Management lighten the burden on travelling employees, since they can simply use e-mail and self-service applications to submit receipts rather than having to prepare and mail paper receipts. In turn, because paper documentation no longer needs to be routed around, approval and processing cycles are shorter, leading to quicker reimbursements. Should questions arise, managers have immediate access to a comprehensive audit of receipt source documents.

“SAP Travel Receipts Management by OpenText extends the SAP Travel Management value proposition by providing optical archival of digitised travel receipts and subsequent direct integration with SAP Travel Management,” added Hendrik Vordenbaeumen, Vice-President, SAP Travel Management Solutions, SAP. “This is yet another example of the growing arsenal of business optimisation tools provided jointly by SAP and OpenText, designed with the goal of providing customers superior corporate efficiency.”

OpenText, SAP partnership

OpenText is the industry leader in ECM solutions for use with SAP applications, building on two decades of partnership and co-development with SAP, and expertise gained from delivering solutions to more than 4 000 SAP customer sites around the world. SAP has had great success reselling multiple OpenText solutions for document access, archiving and invoice management, and digital asset management. In June 2010, the companies announced an expansion of the agreement that enables SAP to resell OpenText Employee File Management, continuing the strategy of long-term investment protection for customers. In May, OpenText was awarded two 2011 SAP Pinnacle awards: Global Software Solution Partner of the Year and Global Enterprise Support Partner of the Year.

For further information, please contact Rob Shaw: tel +27 83 626-3811, fax +27 86 646-4178, e-mail rshaw@opentext.com.

OpenText

OpenText, the pre-eminent enterprise content management software, helps organisations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting 50 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts to help organisations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness.

In southern Africa, OpenText's business partners are Business Connexion, Datacentrix, eTechnologies, iFuture Consulting, NokusaEI and SAP Africa; and, its customer base includes organisations from across both the private and public sectors such as ABSA, Anglo Platinum, BMW, Department of Environmental Affairs, Department of Tourism, Distell, Engen, Exxaro Resources, Mittal Steel, Nedbank, Office of the President, Provincial Government of the Western Cape, SABMiller, Sasol, Standard Bank, Telkom SA and Toyota.

Safe harbour statement under the Private Securities Litigation Reform Act of 1995

This news release may contain forward-looking statements relating to the success of any of the company's strategic initiatives, the company's growth and profitability prospects, the benefits of the company's products to be realised by customers, the company's position in the market and future opportunities therein, the deployment of OpenText ECM Suite and our other products by customers, and future performance of OpenText Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the company's customers, demand for the company's products and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2009. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

Copyright (c) 2010 by OpenText Corporation. OPENTEXT and OPENTEXT TRAVEL RECEIPTS MANAGEMENT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of OpenText Corporation or other respective owners.

For more information on OpenText, go to: http://www.opentext.com

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