Open Text Corporation
NASDAQ : OTEX
TSX : OTC

Open Text Corporation

July 20, 2005 09:15 ET

Open Text ECM Solution Enables Sony to Improve its ERP Implementation ROI by One Year

CHICAGO, ILLINOIS--(CCNMatthews - July 20, 2005) -

Solution Helps Sony Migrate Two Million Invoices in Two Weeks, Offers Single Point of Access to Over Seven Years of Invoices to Cut Costs, Improve Productivity

Open Text™ Corporation (TSX:OTC)(NASDAQ:OTEX), the leading independent provider of Enterprise Content Management (ECM) software, said today that its legacy decommissioning solution has enabled Sony Global Treasury Services (GTS) to improve return on investment in its ERP solution by one year. Open Text's legacy decommissioning capabilities, part of the company's Livelink ECM Solutions, allow customers to move large volumes of information from legacy systems to SAP solutions.

Sony GTS acts as the internal banking system for the Sony Group, providing a cashless environment within Sony by consolidating all finance into one central place. With revenues of $8 billion, Sony GTS' services are critical to the rest of the Sony Group.

When Sony decided to deploy an SAP solution within its GTS division, its legacy billing system became the by-product of a complete system overhaul, holding seven years worth of invoices. The problem of integrating its core Treasury and invoicing systems, while dealing with a legacy, yet still critical COBOL billing system, became a real challenge for Sony.

The new Open Text capabilities gave Sony a highly scalable solution that allowed the migration of two million invoices in less than two weeks, and the creation of a single access point, so that users could retrieve data within seconds via the SAP user interface.

Within three months of the Open Text solution being implemented, documents previously accessible via COBOL could be accessed from within the SAP application itself. This saved Sony GTS substantial amounts in legacy system support costs.

Tony Griffin, Senior Manager, IT Planning at Sony GTS said: "Now we are no longer having to rely on COBOL to access documents, and as a result, significant savings are being made. With the help of Open Text, we've been able to see a return on investment (ROI) on our SAP solution implementation within two years. If we hadn't decommissioned our COBOL system and kept the mainframe running, we wouldn't have seen an ROI for at least three years."

About Open Text

Open Text™ is the leading independent provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports almost 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com.

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 realized by customers, the Company's position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text 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. These risks and uncertainties include, among others, risks involved in 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 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, 2004. 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) 2005 by Open Text Corporation. LIVELINK and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or 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 Open Text Corporation or other respective owners.

Contact Information

  • Open Text Corporation
    Margaret Dobbin
    Director, Industry Analyst Relations
    +1-519-888-7111 ext.2410
    mdobbin@opentext.com
    or
    Open Text Corporation
    Richard Maganini
    Director, Corporate Communications
    +1-847-267-9330 ext.4266
    rmaganin@opentext.com