OpenText lands payment management operations deal

Opel will use payment management solutions to integrate AP and payment systems, among other functions

June 4, 2018
Purchasing B2B

WATERLOO, ON—Opel Automobile GmbH has selected OpenText to digitize the organization’s payment management processes, streamlining the information flow and payment processes between Opel and its global supply chain—including suppliers, dealerships and financial institutions.

Opel will use OpenText payment management solutions to integrate accounts payable and payment systems, streamlining electronic funds transfers to provide real-time visibility into cash, liquidity and financial positions. OpenText will also provide Opel’s Payment team with strengthened control and delegation procedures, as well as improved support for global suppliers and dealerships, the company said.

“Opel has a complex global supply chain, with many thousands of suppliers, partners and customers,” said Karsten Mecklenburg, director information technology, Opel Automobile GmbH. “An efficient and streamlined invoicing and payment process across our entire supply chain is a vital component in ensuring the success of our business. By utilizing OpenText’s Business Network and Managed Services we have been able to provide real-time financial reporting to the business, enabling Opel to make strategic, global funding decisions with greater insight and certainty.”