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FOR IMMEDIATE RELEASE

Optura announces new enterprise composite applications that create powerful new business processes that enhance existing ERP applications


Phoenix, AZ, April 26, 2004 - Optura, a wholly owned subsidiary of SBI Group, announced today a composite application product line with new solutions including Vendor Invoice Management, Material Data Management, and Customer Order Management. All three products are licensed software solutions that work with existing ERP systems to enhance the efficiency of business processes and increase the availability of ERP content. Optura composite applications are fully compatible with J2EE service oriented architectures (SOAs) such as IBM's on demand framework. The composite application version of Vendor Invoice Management is available today with Material Data Management and Customer Order Management being released later this year.

With the availability of these products, Optura transitions to an established provider of packaged composite applications. "Optura has been optimizing and Web-enabling business processes since 1995," says Sam Ahuja, Optura Vice President and Chief Process Architect. "Our support of J2EE standards and service oriented architectures enables composite applications to integrate seamlessly with existing enterprise systems in a framework that is flexible, scaleable and accommodates future features and market changes."

Transition to Composite Applications
Earlier versions of Optura products resided natively inside legacy applications. By moving to a composite applications platform, Optura supports the trend to add open standards functionality to multiple legacy applications. This results in allowing people or teams - often in different roles, departments or even companies - to be linked in common business processes which are defined by business logic and workflows and draw from legacy applications and data repositories. Composite applications generate savings and reduce cycle times. For example, Optura's Vendor Invoice Management solution improves collaboration between a company and its vendors and typically helps customers reduce AP processing headcount by up to 50%, cut problem invoice turnaround from weeks to days, and substantially lower duplicate invoices and vendor payment support calls.

Optura has specialized in creating business process improvement software solutions for ERP systems and today, many of the world's largest SAP customers are using Optura products. Optura software is fully compatible with IBM's on demand infrastructure and conforms to the IBM service oriented architecture and enterprise services bus (ESB) models. "Optura has been delivering process optimization software in the SAP market for quite some time," said Tom Inman, IBM VP of Product Management and Marketing for IBM WebSphere Software. "As customers require more integration with enterprise systems, Optura's choice of IBM middleware signals an important win for their customers looking to further realize value from their IT investments. We look forward to working with Optura to drive results for our mutual customers."

Driving Business Performance and Time-to-Value
Optura packaged composite applications solve a timely and common enterprise problem with benefits for both finance and operations managers as well as cost savings across multiple organizations. Companies are able to leverage existing investments in legacy systems while adding workflow, content distribution and Web access without significant expense. A short summary of the benefits delivered by Optura's new products includes:
  • Vendor Invoice Management - optimizes and simplifies the process of creating, managing, monitoring and routing purchase orders and invoices for AP personnel and vendors.
  • Material Data Management - facilitates the creation of material masters by any authorized personnel from any location while central management helps enforce creation policy and control input collection and workflow routing.
  • Customer Order Management - provides centralized visibility into the process of generating, tracking and managing orders across departments and between companies, allowing companies to efficiently monitor overall order status, anticipate disruptions, evaluate performance and establish order workflows.
Optura's history of providing high return on investment process optimization solutions uniquely qualifies them to deliver the next generation of packaged composite solutions for customers. "Companies are delighted at the prospect of improving business processes across legacy systems," says Coleman Barney, President of Optura. "Our experience to date shows that the ability to integrate processes, complete with business rules and logic, while leveraging existing ERP systems hits an enterprise sweet spot. We are pleased to be offering solutions that our customers are asking for and be able implement them in short order."


About Optura
Optura, a wholly owned subsidiary of SBI Group, develops Business Process Optimization (BPO) software that help customers capture more value from the significant investments companies have already made in enterprise systems. Optura develops and supports a line of packaged workflow applications under the xCollaboration™ product line. xCollaboration products include Optura Vendor Invoice Management™, Optura Master Data Management™ and Optura Customer Order Management™. For more detail, visit www.opentext.com

Press Contact
Robert Monio
VP, Channel Relations
rmonio@optura.net
(952) 461-4750






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