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Warner Music Streamlines Digital Processes with OpenText Business Network
Warner Music Streamlines Digital Processes with OpenText Business Network Warner M...
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[{"type":"text","content":"\n\n\n\nWarner Music Streamlines Digital Processes with OpenText Business Network\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWarner Music Streamlines Digital Processes with OpenText Business Network\nCanada NewsWire\nWATERLOO, Ontario, May 24, 2016\n\n\n\nOpenText Managed Services and Active Invoices with Compliance (AIC) Enable the Music Company to Handle a Significantly Higher Volume of B2B Transactions\n\n\n\n\nWATERLOO, Ontario, May 24, 2016 /CNW/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that Warner Music France, the French entity of the Warner Music Group, the world's third largest music company, has strengthened its partnership with OpenText to manage critical B2B information flows with its global retailers.\n\n\nA long-standing OpenText customer, Warner Music France processes more than 70% of all B2B transactions with large retailers via the OpenText Business Network. In March 2016, the company saw a 250% increase in transactions from two of its largest trading partners. \n\nWarner Music France looked to OpenText to handle the significant increase in B2B transactions with a secure trading platform to streamline and automate order-to-cash processes critical to the efficient management of the organization. In addition, Warner Music France has deployed OpenText Active Invoices with Compliance, a single solution to support e-invoicing processes and maintain tax compliance for electronic invoicing.\n\n\"Our main goals were to automate orders entries processing, provide greater visibility into orders flows and avoid errors and litigations by eliminating manual data entry,\" commented Jacques Prost, CIO, Warner Music France.\n\nBy standardizing and outsourcing all the transactions in France using OpenText B2B Managed Services, Warner Music France has:\n\n\nStreamlined B2B information exchange, resulting in increased speed and reduced costs for the business. \nProvided a high-quality service to customers by responding quickly to retailers' specifications and connectivity needs. \nIncreas...