East Brunswick, New Jersey, USA and Bangalore, India – March 12, 2020:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has entered into an agreement with SAP SE (NYSE: SAP) to jointly go to market and co-develop solutions for the retail and fashion industry.
The intent of this engagement is to co-develop new solutions, which will help retail and fashion companies effectively manage business processes and customer experience. It will offer a range of functionality from fashion manufacturing to in-store merchandising as described below:
- Retail merchandise management solution based on SAP S/4HANA® Cloud will help rapid innovation and business transformation. It will address end-to-end processes such as procure-to-pay, order-to-cash, supply chain, and core finance for retail. Omnichannel pricing and promotions, omnichannel merchandise and assortment planning, demand and supply planning, and store commerce will be key areas of focus.
- Advanced fashion manufacturing functionality as part of the SAP S/4HANA solution for fashion and vertical business will strengthen end-to-end manufacturing planning and execution while catering to last minute changes that have become a norm in the industry.
- A cloud offering for an intelligent store solution, which will help enhance the customer experience by increasing productivity of store associates through advanced store processes, and store processes automation.
These solutions will enable seamless integration with SAP® Cloud Platform and allow customers to build differentiated extensions in the cloud.
Achim Schneider, Global Head of SAP Retail Business Unit said, “SAP Cloud for Retail is our strategic cloud solution, designed to support retail merchandise management, omnichannel pricing and promotions which will help retail and fashion companies capture new opportunities and develop targeted business models in a dynamic market. The industry needs to create responsive, innovative and integrated solutions to adapt quickly to changing market conditions.”
Harish Dwarkanhalli, President - Cloud Enterprise Solutions, Wipro Limited said, “Our strong domain capability, experience in SAP S/4HANA implementations, innovation using side-by-side extensions, and partnership with SAP puts Wipro in a unique position to build industry specific solutions. This initiative will help enable our customers in the retail and fashion industry to achieve business outcomes by leveraging SAP S4/HANA solutions.”
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About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.