BOSTON -- German business applications vendor SAP, which is battling rival Oracle for customers in the important U.S. market, announced two new contracts at its Sapphire user event in Boston on Wednesday.
The Home Depot has agreed to deploy a suite of software products based on the SAP for Retail product offering. The U.S. home improvement retailer intends to use the software to improve its merchandising and supply chain activities.
"We don't have great ability at present in our inventory and supply chain systems," said Bob DeRodes, executive vice president and chief information officer of Home Depot, speaking in a panel discussion at Sapphire. "We aim to improve this with SAP."
Home Depot has invested more than $1 billion over the past three years in upgrading its IT infrastructure, according to DeRodes.
SAP and Home Depot also agreed to collaborate in the development on new applications aimed at the retail market.
In the financial sector, SAP won JPMorgan & Chase as a new banking customer. The bank has agreed to implement mySAP ERP (enterprise resource planning) software.