Accenture and SAP AG Team to Develop and Deliver e-Business Solutions for the Global Oil, Gas and Petrochemicals Industry
Development and Integration of High Value Industry-Specific e-Business Solutions Designed to Reduce Customer Inventories, Streamline Pricing Procedures and Capacity Utilization, and Condense Cycle Times
Houston, January 30, 2001-- Accenture and SAP AG (NYSE ADR: SAP) announced today a global expansion of their strategic relationship in the energy industry. The alliance will capitalize on Accenture’s unmatched industry knowledge and market-leading eCommerce delivery capability coupled with SAP® e-Business innovation and thought leadership to deliver mySAP.com® solutions focused on the oil, gas and petrochemical industry.
With this alliance, SAP and Accenture renew their commitment to work together in bringing value-added solutions to the industry. As such, a key component of the alliance is the enhanced ability to develop new e-business solutions. These e-Business solutions will leverage web efficiencies to condense cycle times, reduce inventories and streamline pricing procedures and capacity utilization.
"SAP and Accenture have an exceptional track record of teamwork to the benefit of our clients in the industry," said Paul Fockens, lead Partner for Accenture’s Global Energy practice. "We look forward to introducing this alliance to our clients and together we will jointly provide services and solutions that reduce time and total costs for web-enabled enterprise systems."
"In an increasingly competitive oil and gas industry, thought leadership and proven e-business solutions are critical ingredients to success," said Peter Zencke, member of the Executive Board for SAP AG. "SAP looks forward to expanding its alliance with Accenture in the energy industry, and providing end-to-end, cost-effective, powerful e-business solutions that dramatically improve business for our global oil and gas clients."
Accenture and SAP have enjoyed a storied strategic relationship and first joined forces in the energy industry to develop IS-Oil in 1993.
Accenture is a $10 billion global management and technology consulting organization. The firm is reinventing itself to become the market maker, architect and builder of the new economy, bringing innovations to improve the way the world works and lives. More than 70,000 people in 46 countries deliver a wide range of specialized capabilities and solutions to clients across all industries. Under its strategy, the firm is building a network of businesses to meet the full range of client needs -- consulting, technology, outsourcing, alliances and venture capital. Accenture’s home page address is http://www.accenture.com.
With more than 13,000 customers and 30,000 installations worldwide, SAP is the leading e-business applications provider for the new Internet economy. Combining collaborative online and mobile commerce technologies, industry expertise, and implementation capabilities, the mySAP.com® e-business platform enables companies to improve relationships with their customers and partners, streamline operations, and achieve revolutionary efficiencies throughout their supply chain. SAP is listed on several exchanges including the Frankfurt stock exchange and NYSE under the symbol "SAP." Additional information about SAP can be found at http://www.sap.com/.
This press release contains forward-looking statements based on beliefs of SAP and Accenture management. Any statements contained in this press release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and "will" and similar expressions as they relate to the parties are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of the parties, and all forward-looking statements are subject to various risks and uncertainties that could cause results to differ materially from expectations. The factors that could affect future SAP financial results are discussed more fully in SAP filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Neither party undertakes any obligation to publicly update or revise any forward-looking statements.
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