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OpenText Trading Grid vs SWIFTnet FIN comparison

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OpenText Trading Grid
Read 1 OpenText Trading Grid review
595 views|424 comparisons
50% willing to recommend
SWIFT Logo
SWIFTnet FIN
Read 1 SWIFTnet FIN review
1,028 views|840 comparisons
100% willing to recommend
Comparison Buyer's Guide
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Buyer's Guide
Business-to-Business Middleware
April 2024
Executive Summary

We performed a comparison between OpenText Trading Grid and SWIFTnet FIN based on real PeerSpot user reviews.

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To learn more, read our detailed Business-to-Business Middleware Report (Updated: April 2024).
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Featured Review
VARUNKUMAR
Industry-leading, easy to implement, and has good mapping specification guidelines
OleksiiShcherbatiuk
Has strong stability and professional support
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The solution is easy to implement."

More OpenText Trading Grid Pros →

"It provides the ability to interact with financial institutions and apply the same rules."

More SWIFTnet FIN Pros →

Cons
"Technical support needs to be better."

More OpenText Trading Grid Cons →

"I would like for them to work in real-time."

More SWIFTnet FIN Cons →

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Questions from the Community
What do you like most about OpenText Trading Grid?
Top Answer:The solution is easy to implement.
What is your experience regarding pricing and costs for OpenText Trading ...
Top Answer:The pricing is moderate. I'd rate the solution three out of five in terms of affordability.
What needs improvement with OpenText Trading Grid?
Top Answer:If you are on Trading Grid and you're trying to fetch the data, for example, the IDoc from SAP or the transfer data, sometimes there are system glitches wherein you will not be able to download the… more »
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Earn 20 points

Ranking
10th
out of 27 in Business-to-Business Middleware
Views
595
Comparisons
424
Reviews
1
Average Words per Review
783
Rating
8.0
7th
out of 27 in Business-to-Business Middleware
Views
1,028
Comparisons
840
Reviews
0
Average Words per Review
0
Rating
N/A
Comparisons
Also Known As
Trading Grid, GXS Trading Grid
Learn More
OpenText
SWIFT
Overview

OpenText Trading Grid (formerly GXS) is a unique global integration platform that enables and streamlines cross enterprise business processes. With extreme flexibility and a service-oriented, business-to-business e-commerce platform, the Grid helps companies automate global trading communities by shielding complexity from rapidly changing standards, eliminating manual and duplicative efforts and enabling a new level of process integration and business intelligence.

FIN enables financial institutions to exchange individual structured (MT and ISO 15022 message formats) financial messages securely and reliably. FIN is used by over 10,800 financial institutions and their corporate customers worldwide to exchange over 22.3+ million messages per day across a wide range of business areas within the banking and securities industries.

FIN value-added processing includes:

  • Message validation to ensure messages are formatted according to SWIFT message standards.
  • Delivery monitoring and prioritization.
  • Message storage and retrieval.

It is based on a distributed processing architecture with full, built-in redundancy to ensure maximum availability.

Sample Customers
Autoliv, Hella, Hutchinson, Michelin
Alcatel-Lucent, Bank of Tokyo-Mitsubishi UFJ, Canadian National Railway, General Electric Company, Huawei, Novartis International, Standard Bank, UniCredit, Volvo
Top Industries
VISITORS READING REVIEWS
Computer Software Company17%
Manufacturing Company12%
Retailer10%
Financial Services Firm8%
VISITORS READING REVIEWS
Financial Services Firm57%
Computer Software Company9%
Comms Service Provider4%
Retailer4%
Company Size
VISITORS READING REVIEWS
Small Business25%
Midsize Enterprise13%
Large Enterprise62%
VISITORS READING REVIEWS
Small Business11%
Midsize Enterprise7%
Large Enterprise82%
Buyer's Guide
Business-to-Business Middleware
April 2024
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Find out what your peers are saying about SAP, MuleSoft, IBM and others in Business-to-Business Middleware. Updated: April 2024.
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769,789 professionals have used our research since 2012.

OpenText Trading Grid is ranked 10th in Business-to-Business Middleware with 1 review while SWIFTnet FIN is ranked 7th in Business-to-Business Middleware. OpenText Trading Grid is rated 8.0, while SWIFTnet FIN is rated 9.0. The top reviewer of OpenText Trading Grid writes "Industry-leading, easy to implement, and has good mapping specification guidelines". On the other hand, the top reviewer of SWIFTnet FIN writes "Has strong stability and professional support". OpenText Trading Grid is most compared with IBM Sterling B2B Integration Services, TrueCommerce EDI, SPS Commerce Fulfillment (EDI), SEEBURGER Business Integration Suite and SAP Cloud Platform, whereas SWIFTnet FIN is most compared with SWIFT InterAct.

See our list of best Business-to-Business Middleware vendors.

We monitor all Business-to-Business Middleware reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.