Wal-Mart, the world's largest retailer, has chosen to roll out SAP to enhance its financial technology infrastructure by replacing some legacy systems while integrating other in-house systems.
The company recently conducted an evaluation of its financial information systems to determine what was needed to support its $350-billion (171.9-billion) business, as well as its next stage of growth.
It said it plans to implement the new financial systems in a global, phased roll out, with the first phase expected to be complete in 2010, in a move that will help the retailer to efficiently respond to changes in the business and regulatory landscape.
"Technology has played a central role in the growth and success of our business," stated Rollin Ford, Wal-Mart executive vice president and chief information officer. He added that the investment "will bring more flexibility and scalability to our growing business."
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