Wal-Mart Selects SAP |
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By: SAP AG Posted: 2007-10-18 13:11:38 |
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Demonstrating ongoing leadership in providing innovative solutions to retailers worldwide, SAP AG (NYSE: SAP) today announced that Wal-Mart Stores, Inc. (NYSE: WMT) will enhance its financial information systems using SAP. Wal-Mart chose SAP(R) ERP Financials for its ability to support the retailer's global expansion and its need to efficiently respond to changes in the business and regulatory landscape.
Wal-Mart recently conducted a thorough evaluation of its financial information systems to determine what was needed to support the company's $350 billion business as well as its next stage of growth. Wal-Mart plans to implement SAP globally in phases, with the first phase expected to be completed in calendar year 2010. This solution will replace some legacy systems while integrating with other internal Wal-Mart systems. "Technology has played a central role in the growth and success of our business," said Rollin Ford, executive vice president and chief information officer, Wal-Mart. "We believe SAP's experience in helping global companies with their financial systems will bring more flexibility and scalability to our growing business." "SAP has a proven track record of helping retail customers worldwide achieve their goals for leadership and growth, resulting in competitive advantage with happier consumers and lower overall business costs," said Bill McDermott, president and CEO, SAP Americas and Asia Pacific Japan. "Today's announcement is further evidence of SAP's dedication to its customers by providing top-rated solutions that address complex retail business needs. We are extremely excited to add the world's largest company to our growing family." About SAP SAP is the world's leading provider of business software*. Today, more than 43,400 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at (*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management,customer relationship management, product life-cycle management and supplier relationship management. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Copyright (C) 2007 SAP AG. All rights reserved. SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary. For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727) |
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