WATERLOO, Ontario– WEBWIRE– Thursday, March 28, 2024
OpenText (NASDAQ: OTEX), (TSX: OTEX), the details business, and X12, the ANSI-accredited requirements company, revealed the renewal of their industrial usage partner license arrangement. This enduring partnership highlights OpenTexts dedication to and assistance for X12 requirements throughout its extensive supply chain network.
Electronic information interchange (EDI) is a crucial structure that supports how supply chains and services operate today, mentioned Muhi Majzoub, Chief Product Officer and EVP, OpenText. “Working with X12 is more than simply a partnership; its a testimony to our joint commitment to constant development and to laying the structure for a more interconnected and effective B2B information exchange landscape for the future.
X12 requirements play an important function in EDI, acting as the main avenue for services throughout varied markets, consisting of retail, durable goods, automobile, modern, basic production, and insurance coverage. These requirements permit organizations to digitally share essential info perfectly within and throughout their operations.
The combination of X12 requirements within OpenTexts organization network services enhances performance, precision, openness, and cost-effectiveness for its consumers, adding to a strengthened supply chain community.
We are happy to sign up with forces with OpenText ahead of time the advancement of X12 requirements and derivatives, stated Cathy Sheppard, CEO of X12. Together, we are not simply forming requirements; we are cultivating a future where innovation supports and improves international operations throughout the markets we serve.
With the worlds biggest service network, OpenText links over 1.1 million trading partners, assisting in the exchange of more than 33 billion EDI deals each year. As a relied on EDI partner offering robust options for smooth organization file exchange, OpenText is happy to be officially acknowledged as an X12 licensing partner with a thorough long-lasting contract that includes its consumers from the past, present, and future.
About X12
X12, chartered by the American National Standards Institute (ANSI) for more than 40 years, establishes and keeps business-to-business information exchange requirements to drive organization procedures worldwide. X12s varied subscription consists of devoted technologists and organization procedure specialists in healthcare, insurance coverage, transport, financing, federal government, supply chain, and other markets. X12s consensus-building online forum makes it possible for members to fulfill frequently to establish syntax-neutral information exchange requirements collaboratively. With more than 320 released deal sets, 1,400 information aspects, and more than 40,000 codes offered for usage, the body of X12s work can be utilized to perform almost every element of business-to-business operations. Find out more about X12 licensing at x12.org/ licensing.
About OpenText
OpenText, a worldwide leader in info management, makes it possible for companies to acquire insight through market-leading details management services, powered by the OpenText Cloud. To find out more, visitwww.opentext.com.
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