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Gap Inc. Signs With Oracle

Specialty retailer Gap Inc. signed a deal to use the Oracle E-Business Suite to enhance business operations via the Internet at its Gap, Banana Republic and Old Navy divisions.

San Francisco-based Gap Inc. has licensed Oracle Financials and Purchasing, Oracle iProcurement, Oracle Product Development Exchange and several other modules of the suite, which also offers apps for customer relationship management, business-to-business, projects, human resources and business intelligence functions.

Oracle's E-Business Suite is a set of business applications that runs entirely on the Internet and are marketed on an ASP basis. There's also a Small Business Suite for smaller companies.

"We believe that Oracle's integrated software suite provides tools that will help us simplify our operations without the cost and resources associated with customization," said Ken Harris, CIO of Gap Inc.

The company said its goal is to simplify operations and reduce costs across its core business functions. Processes such as expenses and indirect purchasing will be conducted online, using Oracle's technology for sharing information automatically across all of the Oracle software modules. This will allow Gap to eliminate manual data re-entry and improve information integrity.

Gap Inc. was founded in 1969 by Donald and Doris Fisher with a single store and a handful of employees. Today, Gap Inc. is an international company with more than 166,000 employees and more than $11 billion in annual revenues.