SAP, Accenture Partner to Redefine Fashion Management
Enterprise application software provider, SAP SE SAP, along with its partner Accenture ACN, announced offering SAP’s current fashion management knowhow to develop a state-of-the-art platform. This will accelerate the digital makeover of retail brands.
Earlier this year, SAP and Accenture entered into an alliance for the development and acceleration of “go-to-market” of SAP S/4HANA, to create an industry leading in-memory platform. In this regard, introduction of SAP S/4HANA to the fashion industry is the first in line of the many innovative offerings that are yet to come from this ongoing collaboration.
Fashion Management Revamp
Co-developed by the technology behemoths, this latest fashion management solution integrates SAP’s star offering, SAP S/4HANA, and Accenture’s profound retail industry knowledge. Accenture is primarily assisting in the development of an in-memory edition of the solution that enables seamless integration across multiple channels. This will help retail owners in creating omni-channel solutions, meeting inventory requirements as well as designing a customer-centric business.
The new offering facilitates a faster “time-to-value,” thus enabling retailers to administer retail, wholesale and manufacturing channels as well as better manage product stocking. Also, Accenture and SAP are partnering to develop proprietary product extensions. Leveraging SAP S/4HANA, fashion organizations can deploy innovative processes, including multichannel material requirements planning and order allocation, which will benefit them significantly.
These companies believe that the ever-evolving fashion industry requires smooth interaction with customers, rapid product introductions and expansion to new areas. SAP and Accenture’s jointly-developed fashion management solution has been specifically engineered to take care of these needs.
Partnership Shows Promise
SAP and Accenture are working on critical client areas, including development, go-to-market, customer support and outcomes. Going forward, the companies plan to put forth a string of novel solutions, thus aiding digital transformation of clients in different industries.
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SAP follows an open ecosystem strategy, which enables it to better leverage its innovation capacity by extending it to the partners as well. The SAP partner ecosystem is a collaborative, innovative and interactive network of partners, customers and individuals. SAP and Accenture’s partnership is striving hard to develop differentiated solutions with flexible delivery options, accelerate the adoption of SAP S/4HANA and slashing time-to-market of clients.
We believe that this partnership will prove to be beneficial for SAP, helping it to develop more advanced software tools, that has become the pressing need for business organizations to outshine peers.
SAP currently holds a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Aspen Technology, Inc. AZPN and Callidus Software Inc. CALD. Both stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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