Enterprise information management (EIM) software vendor OpenText is renewing its partner licensing agreement with the X12 electronic data interchange (EDI) standards organisation.
Muhi Majzoub, chief product officer at OpenText, indicated that the renewal would continue to benefit its business network cloud customers when it comes to data exchange across the supply chain.
“EDI is a critical foundation that supports how supply chains and businesses function,” Majzoub said in the announcement.
The idea was to continue building a foundation for a more interconnected and efficient B2B data exchange landscape, Majzoub said.
The ability to communicate business data more efficiently securely and compliantly is seen as critical to advances in transparency that can help, for instance, develop greener, lower-emission supply chains.
When an organisation knows a business partner is, for instance, struggling with a sudden delay, it might be more agile and responsive. However, achieving this means developing new ways to exchange data between separate independent organisations in time for them to respond.
“The integration of X12 standards within OpenText’s business network solutions improves efficiency, accuracy, transparency, and cost-effectiveness for its customers, contributing to a strengthened supply chain ecosystem,” according to the OpenText announcement.
EDI conforming to X12 standards is present in industries from retail, consumer goods, automotive, and manufacturing to insurance, allowing businesses to digitally share data within and across their operations, the vendor explained.
OpenText said it connects over 1.1 million trading partners involving some 33 billion EDI transactions a year.
The X12 standard was chartered by the American National Standards Institute (ANSI) some 40 years ago, with a view to developing worldwide B2B data exchange processes. Members hail from various industries including finance, government, transportation, insurance and more.
X12 has published some 320 transaction sets, 1,400 data elements, and 40,000 codes so far, according to the OpenText announcement.
( Image by Gerd Altmann from Pixabay )
 software vendor OpenText is renewing its partner licensing agreement with the X12 electronic data interchange (EDI) standards organisation.){kind=link}