Wal-Mart selects SAP Financials

BANGALORE, INDIA: Demonstrating ongoing leadership in providing innovative solutions to retailers worldwide, SAP AG (NYSE: SAP) has announced that Wal-Mart Stores, Inc. (NYSE: WMT) will enhance its financial information systems using SAP. Wal-Mart chose SAP 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.”