OpenText™ Trading Grid™ connects enterprise systems, ERP, accounts payable, APIs and supply chain management for operation excellence and a resilient supply chain
OpenText announced the launch of the new OpenText Trading Grid, the world’s leading cloud integration services platform. The launch combines multi-enterprise integration capabilities with a modern, microservices architecture as well as industry-leading data visualization from OpenText ALLOY.
“COVID-19 changes everything, and industries are experiencing massive disruption in their approach to materials, manufacturing and supply chain strategy,” said Mark J. Barrenechea, CEO & CTO of OpenText. “Our new OpenText Business Network 20.2 responds to these radical shifts. Our new unified platform solves for this complexity by vertically integrating all aspects of the modern supply chain, including EDI, ERP and new Cloud services and APIs.”
Improved integration of business-critical information and services provides companies with greater insight into their operations so they can react quickly in the face of unforeseen disruptions or emergent opportunities.”
Today, companies face a new reality of unstable global markets and shifting supplier relationships. In the face of unforeseen supply chain and operational disruption, they need better visibility into multi-enterprise operations, insights into transactions, integrated third-party data sources, and self-service capabilities.
Trading Grid is now the only cloud platform for B2B and A2A integration delivered as a managed service. A single connection to Trading Grid provides a powerful network effect that can reduce time to market, improve operating efficiency, enhance customer experiences, and help comply with regulatory mandates.
“We are seeing a trend where best-of-breed data capabilities are being brought together onto unified platforms to help simplify the complexities of modern data environments,” said Stewart Bond, Director Data Integration Software research at independent analyst firm IDC. “A single platform that can normalize data across any source—whether on-premises applications, cloud applications, trading partner systems, and IoT connected devices—is critical for business process visibility and optimization. Technology is only part of the solution in these complex environments, and many leading organizations are also opting for a managed services approach to implementing unified platforms, freeing valuable technical resources to focus on other priority initiatives.”
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