Wipro Technologies and Oracle have launched co-developed Oracle Application Integration Architecture (AIA) Process Integration Pack (PIP) for the retail industry.
The companies said that 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 Oracle AIA PIP addresses financial operation control processes for retail merchandising system, including inventory valuation, revenue recognition and merchandising procure to pay, the companies said.
According to Wipro, the Oracle AIA PIP development is part of the co-innovation agenda between the two companies driven by master services agreement signed earlier in 2009, wherein industry process services across five industries including communication, retail, consumer products, hi-tech, and industrial manufacturing would be developed.
Duncan Angove, general manager and senior vice president of Oracle Retail, said: “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 maximise the value of their Oracle investments.
“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.”
