Redwood Shores, CA July 24, 2001 Oracle, the famous software giant, recently announced that leading specialty retailer Gap Inc., the company famous for being a mall centerpiece, has selected the Oracle E-Business Suite to enhance its business operations using the Internet. Oracle's integrated e-business software suite is intended to help Gap Inc. reduce costs and gain efficiencies across its Gap, Banana Republic and Old Navy divisions.
''We believe that Oracle's integrated software suite provides tools that will help us simplify our operations without the cost and resources associated with customization,'' said Ken Harris, CIO of Gap Inc. ''We're pleased to work with a strategic e-business partner with proven retail experience, and feel Oracle's single suite of integrated products offers us a significant advantage that will ultimately improve how we serve our customers.''
Gap Inc. has licensed Oracle Financials and Purchasing, Oracle iProcurement, Oracle Product Development Exchange and several other modules of the Oracle E-Business worldwide. The company's goal is to simplify operations and reduce costs across its core business functions. For example, many processes, such as expenses and indirect purchasing, will be conducted online using Oracle's automated self-service model, enabling information to be automatically shared across all of the Oracle software modules. This will allow Gap Inc. to eliminate manual data re-entry and improve information integrity.
''Oracle is committed to delivering high-value offerings to the retail industry,'' said Sandy Sanderson, executive vice president, Oracle Corp. ''The strategic alliance with Gap Inc. demonstrates the broad capabilities of the Oracle E- Business Suite and how by simplifying business and standardizing on Internet business practices in key areas Oracle is helping customers enhance and extend the industry-leading strategies of the world's most demanding retailers.''