ECM

Excellence in Sales Order Entry – From Document to Digital

digital sales orders

Sales orders, the documents with the odor of company success attached to them! Physical (or electronic) proof that your company sells products that your customers like. Proof that you make money and create and retain jobs. So what could there be that is not to like about sales orders? Well, the question here is: Are your sales orders solely creating value and financial success for your company? Or are they also costing you money? Are they slowing down your business? Maybe even creating conflicts with your customers? Fully digital sales order process – why? In a digital world, you should consider automating your sales order entry process from beginning to end. The digital sales order process should start the minute a sales order enters your company, from document to digital. This should be independent from your input channel – whether your sales orders reach you via EDI, email, fax or paper document, make sure to digitize your sales orders when they first touch your company. Many of our customers have EDI in place for 60 – 80% of their sales orders. However, the remaining 20-40% slows down their business, preventing them from having full insight and transparency of the status of ALL sales orders. The impact When our customers started to capture the data also from PDFs, emails and paper documents, they realized how valuable a fully automated a digital process is. With their model from document to digital they turned the sales order process into a fast, customer-friendly and fully transparent process. They now have full insight into the status of any sales order. If a customer has a request referring to a sales order, they can answer it within seconds, independent from its input channel or process status. Reporting and transparency have exponentially improved. Management is now able to track the performance of the sales order process across countries, from month to month or year over year. Now, even the performance tracking task is a simple activity, too. It is fast and it is accurate. Not only for the electronic input channel, but for all sales orders. The information extracted is also proof that with the new integrated sales order automation, customers have been able to cut sales order cycle time in half by also automating the remaining 20-40% of sales orders. Customer relationships have also improved because disputes over orders and invoices or wrong deliveries have reached an all-time low. The analysis of sales orders allows making purchasing recommendations to customers from evaluating other customer orders – those who regularly order specific products in combination with other products. These cross-sell opportunities are well-received by customers as they create value and often help to meet their core business needs. Have you identified a need to further digitize your sales order entry process? Take a look at how OpenText™ Business Center for SAP Solutions helps to improve the sales order process and much more.

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Webinar Outlines a Bright Future as OpenText and Documentum Come Together

Documentum webinar

On February 2, I had the good fortune to participate in a very interesting webinar hosted by AIIM. Inspired by the new union of OpenText and Documentum, the event brought together a variety of experts to discuss what the pairing means to customers of both, the partner network, and the industry in general. And the interest was certainly there — registration numbers were some of the highest AIIM has ever seen. Well, we covered what we set out to, and more! The roundtable discussion and subsequent Q&A session were wide-ranging and dynamic, addressing the concerns of the customer base and future product integration plans, but also delving into a wide open sharing of views around the present and future state of ECM and the skills that organizations are going to need in order to be successful. If you didn’t get the chance to attend the webinar, then setting aside some time to listen to the webinar-on-demand would be 60 minutes of your time well spent. Regardless of your current solution provider or your role in ECM, there’s some thought-provoking perspectives on topics like “the difference between ECM and Content Services” and “the kinds of technology and business competencies an organization needs to have – or develop – in order to embrace this shift toward content services.” I hope you enjoy it as much as I did. Finally, please join us on February 14 as AIIM Chief Evangelist John Mancini and I connect once again to present Next-Gen Information Management — Succeeding in a New Era. We’ll be examining the emerging age of Content Services and what that means to the traditional concept and practice of ECM. Sit in to gain valuable insight into the changing definition of ECM and learn the next steps that will allow you to prepare for the future while maximizing your current investment. Here’s hoping everything OpenText and Documentum do together in the future is as great as our first webinar!

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ECM erfolgreich umsetzen: E-Mail-Management

email marketing

E-Mail ist aus dem modernen Büroalltag nicht mehr wegzudenken. Die elektronische Post dient als Gedächtnisstütze, Protokoll, Informationsvermittler, schnelles Kommunikationsmittel und schriftlicher Beweis für erfüllte Informationspflichten oder übermittelte Dokumente. Gespeichert auf Servern, in Archiven oder auf lokalen Festplatten lässt sich über E-Mail praktisch alles regeln oder nachweisen. Diese eigentlich positive Tatsache hat aber auch nicht zu unterschätzende Schattenseiten. Wenn E-Mails überhand nehmen, wird E-Mail-Kommunikation zum Kostenrisiko Die E-Mail-Flut mit hunderten oder gar tausenden Nachrichten im Posteingang wird für die Mitarbeiter zum Zeitproblem. Und die ständige Unterbrechung durch eingehende Nachrichten macht E-Mail zu einem echten Produktivitätskiller. So gaben 90 Prozent der Teilnehmer einer Studie von Sopra Steria Consulting an, in ihren Unternehmen würden zu viele E-Mails versendet. Doch auch nachdem der Posteingang abgearbeitet ist, kostet die Suche nach den „irgendwo“ abgelegten Dokumenten unnötig Zeit – 22 Minuten am Tag sind es in deutschen Unternehmen durchschnittlich pro Mitarbeiter ECM: Große Volumen von E-Mails effizient managen Heute möchte ich Ihnen ein Unternehmen vorstellen, das mit einer neuen, innovativen Enterprise Content Management (ECM) Strategie seine E-Mail-Flut in den Griff bekam. Dieser Organisation gelang es, durch die effektive Verwaltung der stark wachsenden E-Mail-Massen Risiken und Kosten zu senken. Eine ungebremst steigende E-Mail-Flut ist bekanntlich in vielen Organisationen ein wunder Punkt. Jährliche Wachstumsraten von 500 bis 1.000 Prozent sind dabei durchaus im üblichen Rahmen. Die Folge: die gewohnte „Alle Mails speichern“-Politik funktioniert nicht mehr. Ein Unternehmen nach dem anderen musste feststellen, dass sie so in eine Sackgasse aus genervtem Records Management, verärgerter Rechtsabteilung und explodierenden Speicherkosten gerieten. Aber wie lautet nun das Erfolgsrezept? In einer der meiner Meinung nach besten Kunden-Sessions der Enterprise World Konferenz 2016 berichtete der Pipeline- und Hafenbetreiber NuStar Energy von seinem Weg zur optimalen E-Mail-Verwaltung. Die Geschichte dahinter ist nichts Ungewöhnliches. Als relativ junges Unternehmen konzentrierte NuStar seine Anstrengungen auf jene operativen Prozesse, die das Unternehmen am Laufen hielten. Für die Entwicklung und Implementierung von Richtlinien zur Datenverwaltung und -archivierung blieben weder Zeit noch Ressourcen übrig. So oder so ähnlich berichten das meiner Erfahrung nach viele Organisationen, ganz unabhängig von ihrem digitalen Reifegrad. Das Ergebnis war ebenso vorhersehbar. Überlässt man den Endanwendern die Verwaltung ihres E-Mail-Verkehrs, resultiert das in rapide steigenden Speicherkosten. Dazu kommen Bedenken von Rechtsabteilung und Records Management, ob sich relevante Daten für Rechtsstreitigkeiten oder Compliance-Prüfungen überhaupt wiederfinden lassen. Vereinfachen als Erfolgsrezept Für NuStar war Zeit ein wesentlicher Faktor. Die strategische Entscheidung des Management-Teams zur Eindämmung des E-Mail-Aufkommens: in puncto ECM-Implementierung neue Wege zu gehen. Anstatt des konventionellen Ansatzes, bei dem ECM alle Bereiche eines Unternehmens abdeckt, definierte man ein spezifisches, konkretes Problem – die E-Mail-Verwaltung. Anschließend wurden alle für die Lösung des Problems notwendigen Technologien und Best Practices beschafft und implementiert. Sämtliche Umsetzungsschritte, von der Gestaltung der Richtlinien über das Change Management bis zur Anwenderschulung, wurden auf dieses eine Ziel ausgerichtet. Die Konzentration auf eine einzige, definierte Aufgabe spiegelte sich positiv in den Ergebnissen wider. Durch die tiefe Integration von ECM in den E-Mail-Prozess gewann NuStar größtmögliche Kontrolle über das E-Mail-Aufkommen im Unternehmen. Gleichzeitig steigerte das Unternehmen die Produktivität, in dem es einer neuen Mitarbeiter-Generation ermöglichte, so zu arbeiten, wie es für sie am besten ist. Hinter der Erfolgsgeschichte von NuStar steckt aber noch mehr, zum Beispiel die Technologie von OpenText. Mit dieser konnte das Unternehmen ein einfach zu bedienendes, mehrstufiges E-Mail-Management-Programm installieren und gleichzeitig den Grundstein für ein ECM-System legen, das nun systematisch auf das gesamte Unternehmen ausgeweitet wird. Mehr über die phänomenale Entwicklung von NuStar erfahren Sie hier (Englisch). Übrigens: Genau diese Berichte machen die jährliche Enterprise World Konferenz so spannend. Die Gelegenheit, aus erster Hand zu erfahren, wie ein Unternehmen eine für alle Beteiligten – Records Management, Rechtsabteilung und Businessanwender – befriedigende Lösung seiner E-Mail-Problematik fand, ist Gold wert. Meine Empfehlung: planen Sie die Enterprise World 2017 im Juli in Toronto in Ihren Terminkalender ein. Es lohnt sich! Dieser Artikel wurde aus dem Englischen übersetzt.

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Join us for a Special AIIM Webinar Discussing the OpenText Acquisition of Documentum and the Future of ECM

AIIM webinar

The deal is sealed! Today, OpenText announced that we’ve finalized our acquisition of Dell EMC’s Enterprise Content Division, including the Documentum product group. When the proposed purchase was first announced last September, it generated speculation and opinion. Now, as the teams formally begin working together, it’s time to have an honest, straightforward conversation about what this union of leading ECM organizations really means to customers, to the combined partner network, and to the larger ECM marketplace in general. To help answer these questions, I’d like to invite you to a unique webinar on February 2. In partnership with AIIM, it will be part round table discussion, part Q&A session, and all valuable insight providing answers to the questions you may have. The roundtable will feature AIIM Chief Evangelist John Mancini, OpenText product experts, a successful Documentum partner, and the highly respected analyst Alan Pelz-Sharpe from Digital Clarity Group. The wide discussion will range from where ECM has come from, to upcoming integration strategies, and then to where ECM is headed next. Discussion should be lively to say the least! Please join us and register to attend here.

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Die Zukunft der Information: Höchste Zeit für ein Umdenken bei ECM

customer experience

Das Enterprise Content Management (ECM) hat sich weiter entwickelt. Längst geht es um mehr, als das Steuern und Kontrollieren von Informationen. In zunehmend digitalisierten Arbeitsumgebungen soll ECM die Zusammenarbeit fördern, die Produktivität steigern, und basierend auf Unternehmensinformationen wertvolle Erkenntnisse liefern. Um diesen Anforderungen gerecht zu werden, wurde die OpenText Content Suite 16 (Englisch) umfassend überarbeitet und mit verbesserten Features ausgestattet. Wir haben den Leistungsumfang der OpenText Content Suite 16 (Englisch) ausgebaut. Folgendes ist enthalten: Verknüpfte Arbeitsbereiche verbinden: Workspaces verbinden das Content Management mit Geschäftsprozessen und verändern damit das Konzept von ECM grundlegend. Die Vereinheitlichung von Insellösungen und eine verbesserte Zusammenarbeit stellen sicher, dass aus der Vernetzung echter Mehrwert entsteht. Neues Content Server User Interface (UI): Das neue intuitive UI der OpenText Content Suite und Extended ECM basiert auf Responsive Design. Es gestattet rollenbasierte Ansichten, erlaubt den Zugriff auf zuletzt bearbeitete Dokumente und bietet etliche weitere Features, die Anwender produktiver machen und eine bessere Zusammenarbeit ermöglichen. Unsere neue Nutzeroberfläche ermöglicht durch ein vernetztes und konsistentes Nutzererlebnis ein tieferes Engagement und erhöht die Sicherheit mit rollenbasierten Zugriffsrechten auf Informationen. Analytics Integration: Die Suiten-übergreifende Integration von Analytics ermöglicht Echtzeit-Abfragen und Massen-Downloads von Daten aus OpenText ECM-Lösungen für tiefere Einblicke und detaillierte Geschäftserkenntnisse. Integration von „Social“-Formaten: Ein durchgängiges Lifecycle Management von neuen innovativen Content-Formaten (wie Social Media) mit erweiterten Möglichkeiten für Anwender zur Interaktion und gemeinsamer Content-Optimierung sowie eine angereicherte Suchfunktion stärken das Engagement und gewährleisten die Sicherheit und den Schutz von Geschäfts- und IP-Informationen. Enterprise Search mit InfoFusion: Frei skalierbare, sichere und berechtigungsbasierte Suchanfragen für Inhalte aus unterschiedlichen Enterprise Systemen aufbauend auf Content-Analyse und personenbezogener Identifikation von Informationen (Personally Identifiable Information (PII) Identification). Das aktuelle Release der OpenText Content Suite beinhaltet außerdem eine automatische Klassifizierung für große Archivierungsprojekte, einen integrierten HTML-5-Viewer, Drag-and-Drop-E-Mail-Support, Dashboard-Reporting sowie erweiterte Compliance- und Sicherheitsfunktionen. Die Suite ist zudem mit OpenText CORE integriert. Damit wird das Teilen von Dokumenten und die externe Kollaboration in der Cloud zu einer natürlichen Erweiterung der OpenText Content Suite-Umgebung. Es ist an der Zeit, ECM zu überdenken Die OpenText Content Suite 16 (Englisch) geht weit über eine verlässliche Informationssicherheit hinaus. Mit Enterprise Search, umfassender ERP- und Analytics-Integration sowie der Verfügbarkeit in der Cloud können unsere Kunden ihre Produktivität steigern und gleichzeitig Kosten senken. Die OpenText Content Suite 16 (Englisch) hat alles, was Unternehmen brauchen, um ihre Firmendaten zu kontrollieren und zu schützen. Ist dieses Ziel erreicht, lassen sich Informationsprozesse effizient digitalisieren. Erfahren Sie mehr: www.opentext.com/16 (Englisch) Dieser Artikel wurde aus dem Englischen übersetzt.

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ECM Success in the Real World, Part 3: Information Governance

Information Governance

If I were to pare it right down, there are only a handful of sure things when it comes to Information Governance (InfoGov): Every organization needs effective InfoGov. The odds of success are stacked against you without complete control of your information. It’s your most valuable asset. Every organization’s ideal InfoGov recipe is different. Depending on its sector, culture, infrastructure and other factors, each enterprise requires unique ingredients. We can all name some of the general governance concerns: Banks and privacy, Pharma and compliance, Tech and intellectual property, etc. But also factor in mature companies with established systems versus start-ups just developing their core policies. And don’t forget varying employee demographics. The combinations are endless. Every organization is struggling to achieve their InfoGov goals. It’s not just you. The influence of digital technologies on every aspect of the enterprise has redefined and reinvented the creation and flow of information like nothing before. And this is just the beginning of the disruptions to come. We hear about that last bullet a lot. Enterprises are seeing that the InfoGov models they’ve been using for years no longer work. Business applications have changed, the people using them have changed, the use cases for the information involved have changed. About the only thing that hasn’t changed for most organizations is the legacy ECM platform they’re employing to try and manage this new environment — a system most likely implemented years ago as a labor-intensive, one-way repository for information storage. It’s just not enough for today’s business needs. It’s Time to Rethink ECM’s Role in Your Information Governance Strategy Over the past year at events like Enterprise World, I’ve been having conversations with customers and industry leaders about how a new generation of ECM technologies offers an attainable solution to meeting today’s InfoGov needs. Advances in technology now mean ECM solutions have the ability to create a cross-enterprise information grid that integrates into processes and seamlessly aggregates and distributes information to the people that need it. It’s a massive step-change in information management, resulting in huge gains in productivity. And it also means InfoGov policies and practices can be extended to information generated in almost every corner of the enterprise—from social to ERP, BPM, HCM, SCM, CEM, CRM, and just about every other acronym you can think of. The key to fully understanding the potential of this new approach really means a wholesale reset of the concept of ECM—casting aside outdated perceptions to redefine the role of ECM in your organization and what success with ECM can mean. It’s a lot to digest, and hard for some practitioners to even visualize. As with most other things, I’ve seen that real-world success stories and examples help people relate. A great resource right now is the IGI Snapshots series, a compilation of five, unique stories that outline how different enterprises are approaching modern InfoGov, everything from planning through to learnings and insights. Most importantly, they show what’s possible if stakeholders adopt a new approach to ECM. Take a few minutes and let the case studies here inspire your InfoGov thought process. Then explore how OpenText Information Governance solutions can bring it to reality.

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20 Years and 3 Minutes: The Most Thought-Provoking Comments from Energy Industry Leaders

energy

I admire leaders who make you think, long after their presentation or keynote is over. Here are three ideas I found “most thought-provoking,” after I reflected on all the industry events I attended this past quarter. I hope you will share your own reactions and comments about my selections, but also share any great points you have gleaned from your industry interactions. 1 – “We want to make decisions within three minutes” This is how a panelist from Chevron defined Engineering Information Management, a super-set of Enterprise Content Management, at AVEVA World this October. There was silence, and a long pause among the rapt audience as this comment sunk in. It was not about technology. It was not about process integration. It was about how the company could increase business agility in utilities or power plants, once all the technical innovation was in place. What I like about this comment is that it brings to life a best practice we strongly believe in at ECD – leading with your business objectives. It also expresses the business vision in a statement that is both simple and controversial. By starting with this well-articulated goal of three minutes, the right conversations will undoubtedly start happening: “Then we would need to access approvals from our smart phones.” “We would have to add automation to the offshore piece of the process.” You can imagine how much faster the brainstorming could occur and utilization of technology could begin, if you start with this kind of statement. 2 – “How do you shoot a cannon?” It turns out that firing a cannon includes a process step of pausing, as I learned from the “Transforming Engineering Project Delivery” panel at AVEVA World. When cannons were used during times of war, this step prevented accidents and human injury. Modern firing equipment, however, no longer requires such efforts – yet it still took twenty years to eliminate this step. To me, this is a relevant insight applicable to Enterprise Content Management in today’s multi-faceted enterprise. Perhaps it was multiple acquisitions, staff turnover, or fondness for tradition, but whatever the cause, many of today’s plant processes have never been revisited or improved. As digital transformation takes hold, companies are now starting to approach their workflows with an open mind. Do we really need legal review of a document before it has been through VP approval? Why are we still storing architectural drawings on paper? What good is a photo badge ID if 90% of our workers are remote? As this speaker emphasized, some processes are carried into modern times even though they are not needed anymore. There is no reason to let outdated issues wait years before phasing them out. By breaking habits and looking at our work anew, we may save time or better service customers. 3 – “Raise your hand if….” This panelist at our recent Digital Transformation in the Energy Industry breakfast asked the crowd for a show of hands if anyone is able to enter an asset tag number into a system and quickly locate all the documentation about that asset – enough to get your job done. Surprisingly, NO HANDS went up. This exemplifies how fundamental document management is so critical to basic operational efficiency. With all this talk of digital transformation, big data and predictive analytics, it seems that we have a long way to go with getting practical and down to earth with the simple stuff. This can be made easier these days, as ECM solutions are delivered in more modular ways, and the cloud allows greater elasticity. Bonus – We Still Need Humans I’d like to add one bonus round to this collection. It’s not exactly a number four, because it actually relates to all of the points above. What I heard at more than one of these events is that we cannot assume technology will take the place of human determination or human judgment and setting standards. In at least two cases, presenters shared how they used to have paper document controllers and central ownership over content. In both cases, once they digitized (without staff accountability or a structured system), the organization lost its standardized approach to retaining and sharing knowledge. Either each person individually updated a document in different ways, or each thought the other would update a document — until nobody updated documents consistently at all. No process steps, standardization rules or workflows were developed together with the technology. As the pace at which companies deliver services and interact with stakeholders only accelerates, I would argue there is an even stronger need to standardize. Using ECM together with your human experts brings efficiencies to new levels, tapping the strengths of both. This is one of many reasons why we design in features like vertical-specific standards, the ability to collaborate with multiple reviewers, and track changes to as-built documentations. So as we look ahead to more digital transformation and continuous improvement in our industry, let’s think about the points these smart leaders have shared. What can you add to this list? Have you heard great points from other industries that still apply to the energy sector?

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Wrapping Up 2016

For many, this time of year is full of the hustle and bustle of the holidays, preparing for time with families, and pondering what the New Year has in store. For Team ECD it’s no different, only this year there’s additional activities, excitement and anticipation about the road ahead as we prepare to join forces with OpenText.  With this in mind, I wanted to take a moment and provide an update on progress to date and unwrap a little of what’s to come. Do You Hear What I Hear? It’s hard to believe that we just passed the 90-day mark since signing the agreement with OpenText in September. Since then, the focus has been primarily been on you, our valued customers and partners. We’ve spent hundreds of hours talking with you and receiving feedback at events in the U.S., Momentum Europe in Barcelona, and a multitude of 1:1 meetings across the globe. As always, our goal is to be as transparent as possible with our ECD family and ecosystem, and we hope you’ve found these interactions as valuable as we have. On a tactical level, the main driver behind our “hustle and bustle” has been to ensure consistency and continuity – everything from the products to the processes to the people – we want to make the transition as seamless as possible for you. It’s Beginning to Look a Lot Like Closing… There has also been tremendous effort focused on delivering the items that are needed for regulatory approvals and closing the deal. I’m pleased to report that everything seems to be moving ahead as planned. Just as we were all fortunate to participate in the close of the Dell EMC deal, the team is looking forward to celebrating this next step for ECD in the New Year. As we get closer to finalizing a close date, we will share opportunities for you to get involved and celebrate with us. A Toast to You It’s been an amazing 2016, with big, successful events like ECD Ready, Momentum in Las Vegas and Barcelona, and Customer.Next. We’ve delivered more than 65 products, solutions and betas over the past 12 months, with major initiatives across the product families, including the release of 5 LEAP apps and the LEAP Platform beta; Documentum 7.3 with significant updates to the full Documentum family and vertical solutions; and the introduction of extreme archiving with InfoArchive 4.0 and Clinical Archiving 2.0. We’ve been recognized as a leader by five industry analyst firms, including our 13th time as a leader in the Gartner Magic Quadrant for Enterprise Content Management, and have won multiple product and strategy awards. And it’s all for, and because of, you. On behalf of the entire ECD team, I’d like to raise a virtual toast to you – for your continued business, loyalty and friendship. Cheers and best wishes for a happy holiday season and a joyous new year!

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Long Term Archiving for “in-memory” ERP Systems? Really?

in-memory

Unlike other hype trends in IT, implementation of in-memory databases is a trend that has really taken off. Today, leading ERP system providers push “in-memory” as the only option for their customers. Enterprise IT now accepts the idea (which was once perceived as crazy and/or dangerous) that it is preferable to have all their precious ERP data in RAM memory instead of on a “good old” SAN storage array. Has this trend made long term archiving obsolete? Long term archiving is still a valid (and actually must have) requirement – even in the “in-memory” world.  Compliance requirements haven’t disappeared with the in-memory rise. You’ll still have to keep your invoicing data verifiably unchanged for some 5-10 years depending on your legislation. You’ll have to make sure you can prove to your auditors that nobody could have tempered with your data since it was created. When to start with data archiving Is there a right time for archiving your data? Most probably, you’ll be “forced” to archive your historical data before you migrate to an in-memory system. Forced is an exaggerated expression, of course, but it can quickly become your truth if your other option is to purchase the in-memory hardware that is 3+ times the size of your current data volume. If you were ignoring data archiving before (since the SAN DB storage cost was so low, right?) you’ll want to run it before the in-memory ERP onboarding project.Now your ERP system is running in-memory. What’s next? For sure you’ll focus in the upcoming months on getting the best out of your new in-memory system. But sooner or later you’ll have to return to archiving again. Storing the data on the Flash storage will not be recognized as a compliant option in case of an audit. Refresh your data archiving skills since you’ll have to start archiving your data even from the new in-memory ERP. Ideal archive characteristics What should be the main characteristics of the ideal target archiving platform? Have these changed in the last years? It would be a pity to archive in a closed, siloed archive and have the data de-facto locked there. You want to make sure that your historical data can be used even after archiving it – in analytics, business warehouse scenarios, from call center operators – in the same way as your current data. The same platform should support not only your data archiving requirements but also your document archiving needs (all those outgoing invoices and reports have to be stored safely for a number of years). Your requirements for the new archiving platform shouldn’t stop there. I’d propose that you add to your wish list the following: Open design: Vendor lock-in is not cool any more. Ask for industry standard design patterns (like OAIS – Open Archival Information Systems), ask for universality and support of both structured and unstructured data. Open access: If you’re not locked in with one vendor then ensure that your data isn’t locked in your archive either. It should be possible to reuse it throughout the enterprise. Hadoop Analytics and REST API design are the least that you should request to be able to gain value from your historical data. JDBC would be a nice-to-have on top of the below requirements – you’ll be able to stick with your current reporting tool (by letting it connect to the new archiving platform). Cost predictability: One of the reasons you’ll start with archiving data from in-memory ERP systems is to avoid unnecessary cost. In the days of cloud and SaaS solutions you have the right to ask for clear and predictable cost and licensing terms for your archiving platform as well. You shouldn’t be accepting obscure product bundles with complex licensing terms and limitations. Instead ask for simple and predictable licensing – good example: per terabyte of data managed in the system. The “in-memory ERP” era didn’t put data archiving into retirement. It’s just the opposite. Long term archiving is becoming more important today than it was before. And if you’re asking yourself what archiving platform to pick – talk to us about InfoArchive.

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Die Zukunft der Information: Mit CEM (Customer Experience Management) die gesamte Customer Journey abbilden

customer experience

Die viel beklagte „Servicewüste Deutschland“ gehört definitiv der Vergangenheit an. Denn bei vergleichbaren Produkten in annähernd gleicher Qualität wird ein hochwertiger und engagierter Kunden-Service heute zum entscheidenden Faktor für den Erfolg. Immer mehr Unternehmen sind sich dessen bewusst und erkennen auch ihren Nachholbedarf in diesem Bereich. Laut einer aktuellen Studie gehört bei 61 Prozent der Befragten die Kundenzufriedenheit zu den Antriebsfaktoren für Investitionen in Customer Experience Technologien. Das Customer Experience Management rückt als ein wichtiger Baustein der Kundenzufriedenheit in den Fokus der Marketingmanager, die 2016 deutlich mehr in diesen Bereich investieren als noch 2015. Customer Experience Unter Customer Experience versteht man die Summe aller Erfahrungen, die ein Kunde während seiner Beziehung zu einem Unternehmen macht. Die Basis einer konsistenten Kundenerfahrung sind vereinheitlichte Kundendaten. Egal über welchen Kommunikationskanal oder welches Endgerät, das Erlebnis muss immer gleich sein. Um die Erwartungen der Kunden zu übertreffen, muss die Kommunikation anhand von Informationen oder Erkenntnissen über den jeweiligen Kunden maßgeschneidert sein. Im permanenten Kampf um Marktanteile ist genau diese Art Kundenbindung über positive Erfahrungen ein wichtiges Differenzierungsmerkmal. Für die Digitalisierung der gesamten Customer Journey benötigt Ihre Organisation eine Software, die komplexe Daten schnell verarbeiten kann. Die OpenText Experience Suite 16 wurde für genau diese Anforderungen entwickelt und beinhaltet Anwendungen für Medienmanagement (MM), Web Experience Management (WEM) und Kundenkommunikation. Mit der OpenText Experience Suite 16 (Englisch) gewinnen Sie mehr Erkenntnisse über die Customer Journey und können diese besser steuern als jemals zuvor. Und zwar an jedem Punkt der Reise und für sämtliche Assets. Sie erhalten das Werkzeug, um Markteinführungen durch bereichernde, personalisierte und interaktive Erfahrungen zu unterstützen. Neu in der OpenText Experience Suite sind unter anderem: Embedded Analytics: Mit Dashboards, die die Nutzeraktivitäten verfolgen, erhalten Sie Erkenntnisse über die in verschiedenen Kommunikationskanälen, Endgeräten oder Anwendungen genutzten Inhalte, Assets und Ereignisse. Dieses Wissen über die Nutzer erlaubt Ihnen die Bereitstellung von maßgeschneiderten Erfahrungen. Communications Center und Kompatibilität: Die neugestaltete Benutzeroberfläche (User Interface) und die verbesserte Customer Communications Management (Kundenkommunikation, CCM) Funktion bieten unseren Kunden eine noch stärkere Integration mit Cloud-basierten Customer Relationship Management (CRM) Anwendungen. Diese hochgradige Konnektivität gilt für alle Stationen der Customer Journey und für jede Art von Korrespondenz. So wird nicht nur die Kundenerfahrung optimiert und individualisiert, sondern auch die der Lieferanten und Mitarbeiter. Anpassungsfähige Medienbereitstellung: Eine flexible Lösung für die Bereitstellung von Medien in unterschiedlichen Formaten (Internet, Kiosksysteme, Tablets, mobile Endgeräten usw.) schafft Konsistenz. Ein einheitliches Multi-Channel-Markenerlebnis sorgt für stärkere Kundenbindung und schützt Ihre Marke(n). Eingebundene Widgets für OpenText WEM und MM: Automatisches Aktualisieren von Assets bei Anbindung oder Integration in andere Anwendungen. Durch einfaches Kopieren eines Einbettungscodes lassen sich Assets und Ordner auch in anderen Applikationen nutzen. Das stellt markenkonforme, konsistente Erfahrungen sicher. Integration von ECM und Communications Center CRM: Die web-basierte Generierung von Dokumenten nutzt CRM-Frontend-Daten aus Salesforce sowie Unternehmensdaten aus SAP oder OpenText Content Server. Für nahtlose Abläufe sorgt die Software von OpenText. Die Integration aller wichtigen Enterprise-Systeme Ihres Unternehmens versorgt Sie mit einer einzigen, zuverlässigen Informationsquelle. Verbesserte Benutzeroberfläche (UI) für mehr Produktivität: Durch eine individuell anpassbare Einstiegsseite und das neugestaltete Responsive HTML5-UI können sich alle Nutzer ein ihren Bedürfnissen entsprechendes Arbeitsumfeld gestalten. Die Anpassungsmöglichkeiten an das jeweilige Endgerät sorgen dabei für ein ansprechendes digitales Erlebnis. Wer in der digitalen Welt erfolgreich sein will, sollte – statt zuerst an mobile Endgeräte zu denken – die Nutzer in den Mittelpunkt seiner Überlegungen stellen. Die OpenText Experience Suite unterstützt Ihre Organisation bei der Gestaltung der Online-Präsenz und der Übermittlung ihrer Korrespondenzen. Das stärkt Ihre Online-Marketing-Strategie. Sie sind in der Lage, globale Marken zu verwalten, Social Media-Aktivitäten zu integrieren und jederzeit eine effektive Kundenkommunikation zu betreiben. Die Nutzer bleiben dabei stets Ihre oberste Priorität. Selbstverständlich sind alle Softwarepakete innerhalb des OpenText Release 16 mit den entsprechenden Analytics-Funktionen ausgestattet. Erfahren Sie mehr unter: www.opentext.com/16 (Englisch). Dieser Artikel wurde aus dem Englischen übersetzt.

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The Season of Thanks

Thanksgiving is the occasion that always signifies the beginning of the holiday season in some regions of the world, including here in the US. I think it’s very appropriate that the first thing on which we focus as we enter into the holidays is being thankful. Thankfulness is a globally relevant idea. It engenders grace, humility and reminds us to not take all our blessings for granted amidst our fast paced business lives. While this is a business conversation, first and foremost we must be thankful to our families and friends who provide the very foundation on which our business lives rest. We must thank them for their generosity with our time that we devote to our work lives. Today, I am also thankful for the fantastic and unique road that we with the Enterprise Content Division (ECD) have traveled over the past year. When we began 2016, few people could have anticipated what the future had in store for our organization. But in so many ways, the journey we have taken together has brought us closer and made us stronger both as a team and an organization. So, to start the holiday season, we’d like take a moment to express thanks for the following: • First, of course, we are extremely thankful for our team. Time and again through the year’s transformation, we’ve received glowing compliments about our tenacity, industry knowledge, innovative mindset and customer focus. These are all things that allow us to feel very confident about our future together in seasons to come. • We are thankful for our partner community. Our partners have not only joined with us in a renewed commitment to delivering superior results to our customers, but have also maintained a focused commitment to providing a superior customer experience all along the digital transformation journey. • We are thankful for our customers. They have been our thought partners and have continued to challenge us to get better. They have also been able to see beyond market noise and have maintained faith that ECD always has and will continue to provide the solutions that will best support their digital transformation and content management goals, both now and into the future. • We are thankful for those who joined us at our Las Vegas and Barcelona Momentum events and Customer.NEXT roadshows. The support and collaboration that so many of you brought back to us was great inspiration and confirmation of our efforts to provide the best user experience in the industry. We’d like to wish you all the happiest of Thanksgivings, as well as a holiday season that is as full of blessings as the ones for which we are so grateful.

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ECM erfolgreich umsetzen – die Basis: digitales Dokumentenmanagement

ECM Enterprise Content Management

Was ist ein Dokument? Noch vor wenigen Jahren wäre die Antwort darauf eindeutig ausgefallen: ein offizielles Schriftstück mit wichtigen Inhalten auf Papier, unterschrieben, notariell beglaubigt oder behördlich signiert. Als Beispiele wurden Verträge, Ausweise oder Bescheide genannt. Die digitale Transformation hat allerdings auch die Definition von „Dokument“ nachhaltig verändert. In unserer digitalen Welt ist ein Dokument die gesammelte Information zu einem Kontext, gespeichert in einer oder mehreren Dateien. Viele Dokumente existieren mittlerweile sogar nur noch digital in Datenbanken. Dass die Verwaltung und Archivierung der Dokumente damit einfacher würde, ist jedoch ein Irrglaube. Insellösungen, uneinheitliche Ablagesysteme und fehlende Namenskonventionen verwandeln ein Dokument in die sprichwörtliche Nadel im Heuhaufen. Eine Situation, mit der sich auch die Johanniter Unfallhilfe konfrontiert sah. Mit der Einführung eines Dokumentenmanagement-Systems macht die Hilfsorganisation 2011 den ersten Schritt auf dem Weg zum erfolgreichen ECM (Enterprise Content Management) – und profitiert seither von schnelleren und effizienteren Arbeitsabläufen. Ein guter Anlass, sich etwas näher mit erfolgreichem ECM zu befassen und es wieder zum Gesprächsthema zu machen. Was bedeutet erfolgreiches ECM? Und wie können Sie das in der Praxis umsetzen? Die ECM-Umgebung spielt in Unternehmen eine immer größere Rolle Warum wir uns damit beschäftigen sollten? Nun, in den nächsten zehn Jahren wird eine passende ECM-Umgebung in Ihrem Unternehmen eine große Rolle spielen. Nur wenn sie richtig gestaltet ist, treibt sie die digitale Transformation voran und ist Ihrer Organisation, ganz unabhängig von Ihrem Geschäftsfeld, von größtmöglichem Nutzen. In vielen Fällen entscheidet das ECM sogar zwischen Wettbewerbserfolg und dem Versinken in Bedeutungslosigkeit. Aber von Anfang an: Im Juli dieses Jahres veranstalteten wir unsere jährliche Enterprise World Konferenz. Dort wurde jede Menge an wirtschaftlichen und technischen Informationen über Hintergründe und Umsetzung von erfolgreichem ECM vermittelt. Wie jedes Mal stammten einige der besten Beiträge zu diesem Thema aus den Kunden-Sessions. Wir sprechen hier also von Leuten, die zumindest Teile der OpenText™ Content Suite (Englisch) in ihre bestehenden Systeme integriert haben. Und die damit ihren ECM-Zielen ein großes Stück näher kamen. Ihre Erfahrungen mit den Möglichkeiten, Herausforderungen und Potenzialen von ECM im Einsatz stammen also aus erster Hand. Ein perfektes Beispiel dafür ist die Immobiliengesellschaft DDR Corp (Englisch), die in der Nähe von Cleveland ansässig ist. DDR besitzt und verwaltet mehr als 10,5 Millionen Quadratmeter Verkaufsfläche in den USA. Um ihren vielen Mietern einen effizienten Service zu bieten, muss das Unternehmen eine beträchtliche Anzahl rechtsverbindlicher Dokumente verwalten. Ebenso müssen analoge oder digitale Auslöser für die Dokumentenerstellung koordiniert werden. Zusätzlich hat eine börsennotierte, eigenständig verwaltete REIT (Real Estate Investment Trust) auch noch hohe Compliance-Anforderungen zu erfüllen. Beginnend mit der Einführung eines digitalen Dokumentenmanagements verlief die ECM-Entwicklung bei DDR mustergültig Dahinter stand die Vision von IT Vice President Kim Scharf, durch ECM die Produktivität aller Prozesse zu steigern. Sie leitete die mehrjährige Initiative, die das Unternehmen verändern sollte. Statt Ordnern buchstäblich durch das gesamte Bürogebäude hinterher zu jagen, verfügt das Unternehmen nun über ein adäquates digitales System. Das System erfüllt die Anforderungen von Führungskräften, Vertrieb, Rechtsabteilung, Archiv und allen Backoffice-Mitarbeitern, die mit diesen Daten arbeiten. Erfolgreiches ECM bedeutet für DDR eine papierlose Dokumentenmanagement-Umgebung, die die Effizienz fördert, optimalen Kundenservice ermöglicht und alle Compliance-Anforderungen erfüllt. Kim Scharf ist überzeugt, dass die Zusammenarbeit mit OpenText einer der Gründe für den Erfolg war. Ihrer Meinung nach war es aber noch wichtiger, Menschen statt Technologie in den Vordergrund zu stellen. Deswegen wurden die Stakeholder des Unternehmens in jede Phase der Spezifikation und Implementierung eingebunden. Dazu gehörte die Unterstützung durch das Top-Management ebenso wie die Bedarfserhebung, das Changemanagement und die Schulung der Mitarbeiter. Und das ist nur einer der innovativen Ansätze dieses Unternehmens. Lesen Sie hier die ganze Story von DDR (Englisch) und erfahren Sie mehr über die digitale Transformation und Enterprise Content Management. Dieser Text wurde aus dem Englischen übersetzt.

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OpenText Named a Leader in the Gartner Magic Quadrant for ECM Again!

enterprise content management

The more things change…” OpenText has been recognized as a leader in the Gartner™ 2016 Magic Quadrant for ECM—for the 13th year in a row. Now, being recognized as an industry leader every year for over a decade is no easy feat in the rapidly changing software sector. Trends come and go, new technology replaces existing benchmarks, business models evolve, even the attitudes and approaches of end users morph over time. Researching and developing Enterprise Content Management solutions that keep you ahead of the curve for that amount of time is a huge achievement. But that’s just part of the reason we here at OpenText are thrilled to once again be recognized by the highly respected analysts at Gartner. This year’s Gartner 2016 Magic Quadrant for ECM accolades are especially rewarding for us, given that the rigorous evaluation process centered on the ability to execute and completeness of vision found in our new OpenText™ Content Suite 16. In our opinion, OpenText is on target in offering a new generation of ECM solutions that meet the needs of digital organizations. It’s Time to Rethink ECM–and what Success with ECM means Our belief that the very concept of ECM has to change is central in this. Yesterday’s definition of ECM is no longer sufficient to meet the needs of tomorrow’s enterprise. Simply viewing an ECM platform as a one-way repository for information storage and compliance doesn’t cut it anymore. Digital enterprises, and the knowledge workers that drive them, need so much more from technology in today’s digital environment: Effortless, light-touch collaboration is now critical, and increasingly decentralized business functions have created siloes of hidden-gem data that need to be bridged for information to flow freely to those that need it. A new generation of ECM technologies must facilitate this. They have the sharing and social capabilities to be the enterprise standard for collaboration. They have the integration capabilities to act as a central information hub, using metadata to push information in the right context at the right time to those who need it to enhance productivity. They have the ability to automate governance for security and risk management. This new approach to ECM is so pivotal, we believe Gartner amended their internal definition of what comprises an effective ECM platform in today’s digital environment. As a result, the 2016 MQ had two fewer leaders compared to the previous year resulting in a decrease from six to four. So, yes, the ECM landscape is definitely changing. And OpenText is proud to be recognized as a leader in this new era of information management. Regardless of your current ECM position, analyst reports provide excellent insight into the evolving state of the industry as well as in-depth analysis of the major vendors. They’re pretty much required reading for anyone involved in ECM. Take some time to download them here, here, and here. Then, start your own journey to ECM success by exploring the OpenText™ Content Suite. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. This Gartner document is available to download here.

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Momentum Barcelona: Where a Spark Becomes a Fire

Momentum Barcelona

Momentum Barcelona 2016 – after every Momentum, I am given the unenviable task of trying to recapture each amazing iteration of this event in vivid detail, to effectively recount the keynotes, the various breakout sessions, and all of the fun and community that make Momentum such an amazing event for our customers, our partners and, yes, our employees. So, while it may be nearly impossible, let me take a moment to relive Momentum Barcelona and to celebrate the return of this great event to Europe. For those of you that were unable to join us for Momentum Europe, I’m truly sorry you weren’t able to experience the incredible atmosphere and beautiful location that is Barcelona. What an incredible city in which to host our Momentum Conference, full of history, life, vitality and, of course, never-ending fun. I can’t think of a better backdrop for an event that celebrates our customers and their successes with our technology. And, to the more than 800 registered attendees and, in particular, our customer and partners, I want to simply say thank you for sharing the experience with us and helping to make it an event that practically defies description. Before I get into the highlights of the conference, I also wanted to share with you an observation from one of the sessions this past week, a view that the team from the Enterprise Content Division has long had an undeniable spark, a spark that seems to burn even brighter during important times like Momentum, and in particular, Momentum Europe. You see, at events like Momentum or our Customer.NEXT roadshows, we are at our best, surrounded by the customers and partners that have made ECD great. We are with our “community.” Better yet, we are amongst friends. During these moments, this ECD community has achieved incredible success, building upon the present and always looking forward to the future. The reason is clear: it’s because each of us – customer, partner and employee – shares a common goal, as well as the commitment to see one another succeed, to realize the incredible value that organizations can achieve working with our technology. This is the spark we experienced this week, one that has continued to burn brightly through all of the years and across every Momentum. And, as we look toward the end of a very eventful year, we’re also looking toward the amazing opportunities that lie before us to fan this flame into an even bigger blaze in the years to come. Perhaps never before has the name Momentum been more appropriate for our conference, or for our organization. This is evidenced by all of the activities and announcements that accompanied this year’s Momentum Europe. As you likely know, at ECD, we are focused on digital transformation and enabling our customers to achieve true competitive advantage in this digital age. You probably also know that much of the rest of the industry has recognized our vision and is now beginning to share our understanding of the importance of enabling transformation. ECD has continually delivered on its promise of providing a complete content strategy and set of solutions that will enable our customers to achieve their transformational goals. At Momentum Barcelona, we launched groundbreaking new solutions, including new LEAP apps and the  new LEAP Platform, as well as the next release of InfoArchive, InfoArchive 4.2, which brings exciting new capabilities for our Financial Services customers (on the heels of the recently announced InfoArchive 4.1/Clinical Archiving 2.0). We also provided a number of exciting updates to our Documentum products that make them easier than ever before to deploy, upgrade and manage in hybrid environments. Finally, we shared updates on a few of our industry solutions, designed to meet specific vertical needs, including new features in the Documentum Asset Operations 2.1 that offer compelling opportunities for the Energy and Engineering industries and Documentum Life Sciences Suite 4.2 , which now provides support for medical device documentation, as well as enhanced features for pharmaceutical organizations. And this is really just the beginning. Momentum Barcelona 2016 also featured three entertaining keynotes, starting with the opening keynote with Rohit, Muhi Mazjoub from OpenText, and three customers who shared how our products are enabling their digital transformation. Our second keynote included two analysts from IDC, Roberta Bigliani and Max Claps, and focused on key trends in Digital Transformation. And the climactic, closing keynote featured noted futurist, Beau Lotto, who offered an exciting vision of things to come. Other highlights of Momentum Barcelona included: 750+ Labs completed, with customers working directly with our technology 748 #MMTM16 mentions 439 Momentum app downloads 300 attendees at our Momentum Partner Summit 200 Hack-a-thon participants 200 Partner Summit attendees 146 trees planted 87 LEAP personality quizzes completed 65 hours of Product & Industry sessions 54 1:1 meetings with media and analysts 33 Life Sciences user group attendees 30 Genius Lab sessions with our Professional Services team 26 customers speaking in sessions 25 partner sponsors 9 Mo & Tim videos recorded 8 sessions dedicated to LEAP 6 partner innovation award winners 1 President’s Award winner for Customer Satisfaction And, just so you don’t get the impression that we were all business, one surreal party But, for those of you who may already know those details, our valued customers and partners, thank you again for being with us at Momentum Barcelona. If we missed you this time, we sincerely hope to see you at one of our future events. It’s a very exciting time for ECD and we can’t wait to share it with you. The spark has ignited, the flame is growing higher, and there is room around the fire for everyone. Congratulations and thank you, everyone, for a fantastic Momentum 2016 in Barcelona!

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OpenText Live Webinar Series – Upcoming Schedule

OpenText Live Webinar Series

We are fast approaching the holiday season with the New Year peeking just around the corner, but before you get swept up into the hustle and bustle of this “most wonderful time of the year,” we at OpenText™ Live invite you to check out a few webinars that we have lined up for November and December. With the latest release of OpenText™ Release 16 Enhancement Pack 1 (EP1), our Experience Suite has undergone major changes with the additions of powerful Customer Communications and Experience Management solutions such as TeamSite, Exstream, MediaBin, Qfiniti, Explore and more! These enhancements mark the revolution of customer communications in the digital world, and we want to give you an exclusive first hand look into what these solutions can offer your business. November 15: OpenText™ ECM Content Migration (11:00AM EDT) Need help migrating ECM content? OpenText partner FME demonstrates best practices in this webinar. We’ll show you: – Migration and upgrade best practice pathways to OpenText™ Content Suite 16 – Cost savings with migration-center for your content migration – A short live demo Register here November 29: Convert Correspondence into Engagements with OpenText™ Communications Center (11:00AM EDT) Learn more about OpenText Communications Center and its enhanced interactivity with other OpenText product suites including Content Suite, Process Suite, Business Network and Analytics. Turn engagement into insight. Register here December 1: What’s New in OpenText™ Digital Asset Management? (11:00AM EDT) What’s new for OpenText Digital Asset Management (DAM) and the Enhancement Pack 1 (EP1) release? If you’re using Media Management or MediaBin, you’ll want to check out this session to find out what our Product Management team has in store. Learn about the latest features and product strategy. Register here December 6: The Latest Innovations in Exstream 9.5 and Delivery Manager 3.0 (11:00AM EDT) Join us for an overview of Exstream 9.5 which was announced late September and Delivery Manager announced in October. Product experts will be showing live demonstrations. Register here December 8: Syntergy Content Sentry: The Next Generation of Data Loss Prevention (11:00AM EDT) OpenText partner Syntergy will demonstrate a new Data Loss Prevention (DLP) solution for OpenText™ Content Server. The capabilities of this powerful solution allow it to learn what constitutes normal activity for users and what alerts or triggers automated policy reactions when suspicious activity is detected. Register here  December 13: How the Contact Center is Driving the Customer Experience (11:00AM EDT) Attend this session to learn more about OpenText™ Qfiniti and how Workforce Optimization (WFO) solutions are monitoring the customer experience through call recording, coaching employees, measuring the Voice of the Customer (VoC), and leveraging powerful analytics to make every interaction the best it can be. Register here December 15: OpenText™ CEM Strategy Update for WCM Products (11:00AM EDT) We’re creating a powerful new Website Content Management platform, and we want you to learn all about it. With the release of Enhancement Pack 1 (EP1), the WCM platform welcomes OpenText™ TeamSite to the mix, rounding out an effective customer communications program that surpasses the industry standard. Register here The OpenText Live team is committed to delivering content that keeps you updated on the latest OpenText product releases, trends and demands within the digital world as well as demos that exemplify the best solutions features for your business. Communicate directly with the experts and receive the technological know-how for implementing and managing your OpenText products. All of our webinars are recorded and available to registered customers at My Support. Visit our website for more information or sign up to receive weekly invitations to our webinars.

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Fighting Fraud Through Better ECM

Fighting Fraud

Headlines these days often point to data security cases such as the breach at Yahoo!, affecting millions of users. But in the financial services industry, including insurance, it’s not just about data theft. It’s about fraud. As we continue to drive implementations of InfoArchive, there is a very positive use case emerging that I think is worth blogging about – fraud detection. In particular, the ability to search many content types to perform forensics and analysis. This can turn up insider employees siphoning funds, or external parties manipulating processes for financial gain. Either way, the ability to digitize content and leverage it to protect yourself seems an essential skill in our digitally-transforming economy. How can you get started? Here are three suggestions:  1 – Capturing Content Take a look at your current methods for capturing content as it comes into your organization. Are applications filled out online? Is there a bot on your web site asking for information? Are you using webcams and video, or online voice collaboration? Don’t forget to consider how and where smart phones or devices can be leveraged for first point of capture. Understanding how your stakeholders naturally communicate with your enterprise may turn up new types of content formats. Assessing these for today’s use, then projecting where you expect interactions to grow – say, more voice-collected information – can solidify your requirements. This can help your architects better align recognition, extraction, and classification technologies to fit your fraud detection use case. 2 – Retaining Content One of many reasons I love the idea of extreme archiving is that the right content is always there when you need it. Nothing is worse than detecting some type of financial fraud, and finding you have no pools of content or history to investigate it and recover damages. Regulatory compliance will require you retain content long-term, so might as well leverage the same effort for multiple benefits and use cases. Start by designing a content retention component into your content management strategy. Consider disaster recovery needs and compliance requirements, and the content formats you discovered in step one above. 3 – Searching Content Perhaps one of the most important considerations for the use case of fraud detection is search and query capabilities. It’s one thing to be smart about what content you can find and save, and quite another to search it quickly when something serious happens. (Just ask Bangladeshi bank officials, who realized only too late they had transferred billions of dollars to hackers). Consider where your investigators may be physically located, and what types of devices they may use to query your content. Of course, run through multiple scenarios to ensure the right combination of content format, syntax, language and other search nuances are available to aid in their investigation. Fortunately the financial services sector is already investing in fraud prevention methods. Considering OpenText as part of your fraud detection strategy can deliver a solid ROI on content management solutions, while reusing the capture, retention and search tools you need anyway for managing regulatory compliance. How are you leveraging OpenText for business benefits such as fraud detection? Share your feedback below.

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Saving Trees Could be Saving Your Business

Saving Trees

For the last quarter century, the use of paper has given way to digital images. But the switch goes far beyond awareness or an effort to save trees. The move toward digital in the enterprise started with an eye toward the bottom line; reducing physical space needs, automating manual processes and improving records retrieval. The notion that going green saves some green has taken on a broader impact for business more recently. Cutting paper use improves key drivers like productivity, accessibility and compliance. In fact, according to AIIM, the biggest driver for organizations’ adopting scanning and data capture is improved search and share (53%). Only 27% of organizations point to an environmental policy for ditching paper. For the last two decades, capture technology has been used as a best practice to eliminate paper. But many companies have yet to implement capture in their processes. It’s hard to understand why because digital assets benefit both organizations and their customers. Digital capture frees data from file cabinets, making it accessible by all employees and, ultimately, their clients as well. Email import is a great example. Companies receive an email with an invoice, doc, or other attachment. The recipient prints it, processes it, and then maybe scans it again to send it back. But why? Technology is available now to eliminate the urge to create more paper. Innovative companies leverage capture technologies to automatically open and process emails and attachments. Not only is the email auto-classified for content, but also the attachment can be opened and transaction processed with no manual interaction. Here’s a great use case. A top insurance company and current customer in the Netherlands has fully automated their email processes, and cut that staff from 34 to 5. In the old paper-based, manual processing world, the staff had to: Open and read each incoming email Open and print the attachments Push the attachments through a manual mailroom process to route and classify the content By automating email with capture, the company not only eliminated paper, but also drastically reduced the element of human error inherent in manual processes. Automated email processing also improves customer satisfaction, allowing companies to interact with customers quickly and accurately. In fact, according to AIIM, the biggest benefit of paper-free processes is faster customer response (43%). The insurance company now sends customers an immediate response and auto launches claims management processes. As a result, they arrive at settlements much faster and drive higher customer satisfaction. But simply streamlining is not enough. It’s crucial to examine fundamental business practices and blow up the internal status quo before being left behind by an outside “disruption.” Take a look at taxi companies, who did not develop apps to allow payment, tracking, and driver ID before Uber came along and forced their hand. Mobile capture is helping organizations make these leaps forward. Many banks now offer mobile check deposit to their customers, eliminating age-old, tedious and inconvenient in-person interactions with tellers. Other advances include using mobile devices to snap and send pictures of a W2 or other document for a loan application. This is a real-life example from a leading financial services organization that embedded Captiva’s mobile capture capabilities into their mobile app. Customers get fast service and real-time interactions anywhere, anytime. The lender, using great image quality and OCR, immediately ingests data and processes transactions much faster. No paper needed! Mobile capture solutions create a direct interface to customers, helping organizations understand consumer behavior patterns. What do customers want? When is an interaction successful? Such insight is invaluable, and drives innovation. Few advancements in technology have led to more “disruption” than the introduction of the cloud. We hear many B2B customers are planning a SaaS buy with capture services in the next two years. Capture as a Service (CaaS) allows organizations to hone in on eliminating paper at the edges of their organizations, like at branch offices. The CaaS provides an alternative to paper processing at remote locations by using intuitive capture apps that process without the heavy footprint of a dedicated scan client. Our LEAP app, Snap, opens the door to these capabilities by providing them in an ergonomic capture interface. Because it’s cloud-based, a Snap environment and Snap users can be provisioned in minutes enabling remote users access to the same rich set of functionality such as real-time auto-classification and field validation that users expect faster than ever. As an example, LEAP Snap drives innovation by providing these capabilities proven capture services in a CaaS environment. Paper may never go away fully, at least not in the near future. But companies can create clear, measurable business benefits by reducing or eliminating paper and paper based manual processes. AIIM reports that 59% of organizations achieved a payback in less than 12 months from their paper-free projects, including 26% in 6 months or less. 84% achieved payback in less than 18 months – the highest AIIM has ever recorded. But eliminating paper is not a destination, it’s a journey. Truly innovative companies find ways to fundamentally change the way they do business by interfacing with customers at their first point of contact, and eliminating paper in the process. In honor of AIIM’s World Paper Free Day #WPFD, today we celebrate the digital business.

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Lucky Number 13

ECM

I have never been the superstitious type; full moons, cemeteries, ghosts, vampires, etc., just don’t bother me. Werewolves, on the other hand are a different story, but that is childhood trauma that I will save for another day. So when it came time to participate in the Gartner Magic Quadrant for Enterprise Content Management, I didn’t put much thought into the notion we were shooting for our 13th consecutive report positioned as a leader, because I like to deal in facts, and that fact is ECM is more important today than it has ever been, and our offering is again recognized as a Leader. As avid ECM practitioners we all know the importance of content and if you are like me (old),then you have seen how the role of content had evolved over the years. This evolution has not been lost on us, over the last 13 years we have constantly enhanced our ECM portfolio so our customers can address their current and future ECM needs. ECM used to be about how organizations take control of their content and while it is still a basic tenet, it’s not where we believe customers will receive the most value. We released LEAP because it is clear to us that the future of ECM is heading away from the notion of a single massive repository to a place where heterogeneous ECM systems work together to support the needs of the business; where purpose built applications that address different use cases, yet share a common API, can leverage content irrespective of where it lives. Fundamentally, the focus is on business outcomes and customer experience, where content apps seamlessly integrate with enterprise apps and enhance the experience of both customers and employees. Both LEAP and our solutions portfolio have key strengths making people way more productive, improving business outcomes and enhancing customer experiences, as demonstrated through the following apps: LEAP Courier – a new way to power business processes that depend on structured document exchange across organizational boundaries, providing a consumer-grade user experience for secure and structured document exchange, validation and tracking LEAP Snap – automatically captures, categorizes and organizes documents and related document information in real-time, turning unstructured content into actionable digital business information LEAP Concert – enables the creation of documents in a collaborative but controlled environment with the ability to identify and assign work to be done, and the use of simple review workflows that allow review and approval LEAP Express – easily browse, access, search and approve all content, no matter where it lives, on multiple form factors including web, tablet and mobile LEAP Focus – allows for fast, yet detailed reading and reviewing of business documents on mobile devices, eliminating “pinch-to-zoom” functions by automatically reformatting the document It is little wonder then, that we believe LEAP and our solutions portfolio are viewed as key strengths by our customers, partners and the industry at large. After all, these strategic initiatives make people way more productive, improve business outcomes and enhance customer experience, but perhaps equally important is the fact that our vision provides customers with a roadmap that enables their Digital Transformation initiatives. Much has been written about Digital Transformation and its disruptive impact to incumbents and while there is massive potential for disruption there is also massive potential for innovation. In the Digital Transformation era customer expectations are at an all-time high and successful organizations will need to address these expectations. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Partnership Transforms Everything at #MMTM16

MMTM16

We’re getting ready to kick off our Partner Summit at Momentum Europe in Barcelona today, and I’m excited to be spending time with our European partners and team, discussing the opportunities ahead. It’s one of the things I love about heading up the global partner program – partnership transforms everything – and with Digital Transformation as a key theme of our event, the timing for these discussions couldn’t be better. In another post, I’ll share some key takeaways from my partner interactions, but for now let me share some of the ways our partners are driving transformation. Below is some of the exciting news they’re announcing as part of their Momentum participation: Life Sciences Transformation Informed Products today announced the release of two new products, both designed to help transform the Life Sciences industry. A great complement to our recently announced Documentum Life Sciences Solution Suite 4.2, these Informed Products share our focus on making transformation easier, faster and more cost effective, while maintaining compliance. Informed Products’ SharePoint for Life Sciences (SPA4LS) takes the SharePoint integration with Documentum one step further by integrating it with Documentum’s Life Sciences Suite and adding specific Life Science functionalities. In addition, Informed Products’ Enterprise Quality Management Solution Light (EQMS Light) is an integrated Quality Management module for the Documentum® Life Sciences Solution Suite. EQMS Light enables Life Sciences companies to comply with FDA and EMA Quality Management rules instantly and affordably, while being flexible enough to cater to company-specific needs. Healthcare Transformation In the Lutech wHospital® announcement, Lutech explains how “Digital disruption is real and it’s affecting every sector, every market and our daily lives…It’s important to be aware of this transformation and be ready for it.” And they’re right! We’re excited to be working with Lutech wHospital team to help drive efficiency, ensure traceability and integrate with critical systems across Q&M. We’re also excited that #MMTM16 provides us with an opportunity to talk to our healthcare customers about their digital choices. Digital Workforce Transformations Celebrating both its 10-year anniversary and 10-year relationship with the Enterprise Content Division (ECD), Docbyte explained how our organizations work together to assist organizations with their digital transformation challenges by providing smart digital workplace and archiving solutions. These help organizations gain full and flexible control over all documents and optimize business processes. When it comes to content and business process management, the organizations are focused on delivering the right tools to their customers to help them build the next digital enterprise. The relationship has also been instrumental in extending Docbyte’s solution portfolio across different sectors, including Financial Services & Insurance, Healthcare, Life Sciences and more.  Application Transformation Digital transformation also occurs when organizations eliminate applications they don’t need, reinvest those dollars for innovation, and use inactive data to provide insights for a competitive advantage. ASSET Technology Group is doing just this with its recently Certified Solution, ARROW Correspondence Management Solution and ASSET Suite for InfoArchive. ASSET has successfully met a comprehensive set of criteria for superior design, development and implementation. ASSET has demonstrated that it understands customer challenges, such as data volumes growing exponentially and stricter regulations increasing. Now organizations can tap into an easily accessible and agile solution that can scale to meet their needs, increasing operational efficiency and tapping into the power of data for digital transformation. Partnering for Transformation It’s also exciting to see our partners take their own transformations to the next level. Today, MetaSource, the largest distributor of ApplicationXtender (AX) announced that it is partnering with inovoo for its dedicated sales and technical support partner for the EMEA region. Additionally, Metasource’s MetaSTOR product (AX in the cloud) will be available for the EMEA region and offer cloud-based archiving and workflow solutions built around ApplicationXtender & Captiva software, plus inovoo’s NOVO Mail and NOVO Mobile. I’m pleased to see that partner platforms like our Springboard program, are bringing partners together to transform themselves, and ultimately their customers. These are just a few of the announcements we expect to see, and certainly just the tip of the iceberg when it comes to our focus on digital transformation.

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What is the Future of Data Governance for the Financial Services Sector?

data governance

In the past few years, the Financial Services sector has been working to comply with a range of regulations that have called for data governance to be embedded in their business, including the likes of Solvency II and BCBS 239. Many companies are probably relaxing a little as dates for these regulations have now passed or are imminent. But what is next? Can Financial Service companies stop focusing on data and data governance? I promote the benefits of data governance to everyone, so obviously, you’d expect me to say no, of course, they cannot, or should not abandon data governance. But let’s be clear, the reason I say no, is not based on an evangelistic stance of managing data for the greater good. Firstly, meeting the existing regulatory requirements was not a one-off project. They require an ongoing commitment to manage and protect the quality of your data going forward. In addition, there are several new regulatory requirements and changes coming in the sector that will lead to an increased focus on data. This is certainly not the time to stop managing your data proactively. The new regulations may not spell out that “data governance” is needed, but if you have implemented data governance properly, your Data Governance Framework should sit at the centre of all your data activities, ensuring that everything is aligned with both each other and the corporate strategy of your company. So, let’s look briefly at a few of the themes that are going to impact the Financial Services sector over the next few years: GDPR No blog on this topic would be complete without mentioning GDPR. The General Data Protection Regulation coming into force in May 2018. That may sound a long way off, but the requirements to manage personal data are likely to require a significant change in how you manage your data. I have found that the Data Protection Officers want to mature their data governance approach, as some of the GDPR requirements have a direct link to data governance. For example, you need to prove data accuracy, data integrity and, to enact the right to be forgotten (i.e. data erasure), you need to know what data is stored where on your systems and where better to hold that than in a data repository? Improving your Data Governance Framework leaves you in a better place to meet these GDPR requirements. Digital Transformation This term is much used of late and sometimes not understood. According to Wikipedia, it relates to “the change associated with the application of digital technology in all aspects of human society”. Digital transformation is going to rely on the technology being able to find the right and consistent data. If you are not confident that your data is well defined, understood and of good quality, then you need to mature your data governance approach before you embrace these technologies, or you may not get the results you were expecting. Operating Model Programmes Operational Excellence and Target Operating Model Programmes are prevalent in the industry at present. However, not all are getting the expected results and that maybe because they have not focused on data. Companies in the know are including a data work stream in such programmes. New systems and streamlined processes are unlikely to achieve the desired efficiencies if sub-standard or missing data is ignored. Indeed, in one instance it was discovered that many of the manual and time consuming processes they were trying to streamline had arisen because of data issues. It should be a fundamental part of such programmes to identify what data is needed where and of what quality to run your business better. In summary, now is the time to evolve and embed your Data Governance Framework to ensure that you can meet new regulatory requirements and get the results you expect from big change initiatives. Build on what you have delivered to date and extend it to other data in your organisation. Maturing your data governance capability will leave you not only able to comply with regulatory requirements but in a great position to support your company as it embraces the digital advance.

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