Solution targets increased merchandise operations productivity and financial control for retailers  

Solution targets increased merchandise operations productivity and financial control for retailers

Wipro Technologies, the global IT services provider and Oracle have announced the launch of the co-developed Oracle Application Integration Architecture (AIA) Process Integration Pack (PIP) for the retail industry.

The Oracle AIA PIP integrates Oracle Retail Merchandise Operations Management and the Oracle E-Business Suite Financials using Oracle Application Integration Architecture (AIA) to offer customers a pre-configured, supportable and upgradeable integration of the retail merchandising execution applications with the financial operation control applications.

The partners said this Oracle AIA PIP addresses some of these key financial operation control processes for retail merchandising system including inventory valuation, revenue recognition and merchandising procure-to-pay.

Eyeing wider retail industry market share

The integration pack development work is also part of the larger co-innovation agenda between Oracle and Wipro, driven by master services agreement signed earlier in 2009. Wipro is one of the first partners to sign such an agreement with Oracle to develop industry process solutions across communication, retail, consumer products, hi-tech, and industrial manufacturing industries. And this integration pack is part of an overall strategy to provide a comprehensive solution footprint for the retail industry based on Oracle’s best of breed applications using Oracle Application Integration Architecture (AIA).

“The Oracle Financial Operations Control Integration Pack for Oracle Retail Merchandise Operations Management and E-Business Suite Financials will offer our retail customers and partners new opportunities to maximize the value of their Oracle investments,” said Duncan Angove, Oracle Retail general manager and senior vice president. “The solution is designed to reduce complexity, making it easier for retailers to take advantage of opportunities for short-term value creation within their businesses while also helping to provide long-term competitive advantage.”

Langbert Walker, Wipro Technologies global Oracle practice head, added: “This co-development initiative is in line with our strategy to invest heavily in Oracle technology to provide industry specific solutions. The PIP has been developed keeping in mind the industry necessity to have an integrated solution across retail operations and financial back-office accounting.”