Over 600,000 companies are already connected to OpenText™ Trading Grid and we are adding more businesses every day to support the B2B integration programmes of our customers.
We take a different approach to our network. Many B2B vendors limit their user communities to specific vertical industries or business processes, for example, there are specialised networks for sending invoices, others just for transportation. There are specialised networks just for communicating with suppliers and others for connecting to banks.
OpenText offers an open network model. You can use the Trading Grid to connect to your suppliers, your customers, your banks, your logistics providers, your transportation carriers and your insurance providers. You can use Trading Grid as a single gateway to your entire ecosystem of business partners regardless of what type of relationship you have with them.
Below is a list of the major participants on our network by industry vertical:
- Banks—Large commercial and wholesale banks. We connect banks to their corporate customers to enable Automated Clearing House (ACH) payments, wire transfers, payroll processing, letters of credit and open account services.
- Credit Card Processors—Merchant acquirers and several large credit card networks. We facilitate end-of-day reconciliation and settlement processes between merchants and their acquiring banks.
- Securities—Custodians, broker/dealers and investment managers are connected. They use our network to exchange orders, confirmations, affirmations, allocations, settlement instructions and account reconciliation reports.
Transportation and Logistics
- Transportation Carriers—Ocean carriers, railroads, air cargo and trucking companies. They use our network to exchange load tender, shipment status and freight invoice transactions with corporate customers.
- Logistics Providers—Third-party logistics providers, customs brokers, freight forwarders and consolidators. They use our network to coordinate inventory and shipment movements with transportation carriers and their corporate customers.
Retail and Consumer Products
- Retailers—Grocery, apparel, home improvement and niche retailers. They use our network to support activities such as collaborative demand planning, new product introductions, direct store delivery and warehouse cross-docking.
- Consumer Products Suppliers—Large and small suppliers of food and beverage products; leading apparel, footwear and accessory brands; and consumer packaged goods companies. They use our network to collaborate with their retail customers and upstream suppliers.
- Automotive and Industrial—OEMs and parts suppliers in the vehicle and industrial sectors. They use our network to support collaborative product development, vendor managed inventory and Just-In-Time-based manufacturing models.
- High Tech and Electronics—OEMs, distributors, contract manufacturers, electrical component and semiconductor suppliers. They use our network to support new product launches, vendor managed inventory and service parts management processes in their supply chains.
- Pharmaceuticals—Branded and generic pharmaceutical manufacturers. They use our network to support supply chain interactions with major hospital chains, retail and mail-order pharmacies, regional and national distributors.
- Medical Supplies—Medical/surgical suppliers and device manufacturers. They use our network to support supply chain interactions with major hospital chains, group purchasing organisations, regional and national distributors.