SAP to Resell Open Text Vendor Invoice Management (VIM) and Invoice Capture Center to Help Customers Optimize Cash Flow
ORLANDO, Fla. and WALLDORF, Germany — Open Text™ Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in enterprise content management (ECM), and SAP AG (NYSE: SAP) announced today that SAP will resell Open Text Vendor Invoice Management (VIM) under the name the SAP® Invoice Management application by Open Text. As part of this agreement, SAP will also resell Open Text’s document capture solution Invoice Capture Centre, from Open Text’s recent acquisition of Captaris, under the name optical character recognition (OCR) option for SAP Invoice Management. Today’s announcement builds on the reseller agreement signed by the two companies last year and demonstrates continued evidence of SAP’s ecosystem strategy to deliver additional choice and flexibility to customers looking to extend the value of their SAP investments. The announcement was made at Open Text Content World, being held Nov. 18–20 in Orlando, Florida.