[Pittsburgh, PA] – [May 9, 2017] – Petrosoft today announced that it has signed an original equipment manufacturer (OEM) agreement with SAP (NYSE: SAP). Through this agreement, Petrosoft will integrate the SAP Business One® application with its cloud suite to offer the Petrosoft Enterprise, powered by SAP Business One solution.
The integrated solution is expected to provide a true enterprise resource planning (ERP) and business intelligence (BI) solution to customers in the underserved small and midsize enterprise (SME) segment of the North American convenience store and petroleum industry.
Petrosoft signs OEM agreement with SAP to leverage SAP Business One, offering a true ERP and BI solution to the retail and petroleum industry
With this alliance, Petrosoft’s end-to-end business solution tightly integrates with the SAP HANA® platform and the advanced finance and business management functionality of SAP Business One. The partnership aims to help retailers and fuel marketers to achieve true automation of business processes and seamless data integration across diversified business environments.
“Teaming with SAP offers exciting opportunities to expand our enterprise offerings to the retail and petroleum marketplace, and to support these companies with an innovative solution,” said Sergei Gorloff, president and CEO of Petrosoft. “Petrosoft’s industry experience and SAP’s excellence in ERP solutions are a powerful combination that we expect to be highly beneficial to customers both domestically and globally.”
The tight integration of Petrosoft cloud suite with front-end devices and an advanced Internet of Things (IoT) network built by Petrosoft, together with in-memory data platform SAP HANA, offers customers the capacity to analyze and understand live transactional data. This will help them to unlock their ability to rapidly respond to new challenges and fast-changing business conditions. This combination helps operators accelerate business processes, deliver more business intelligence, and streamline operations to run live and make better-informed business decisions in the new digital economy.
With Petrosoft’s industry experience and localization addressing both sides of this technology equation, the company’s reach will extend beyond its current client base in the U.S., Canada and the Caribbean to opportunities in Europe, APAC, Mexico and South America.
“SAP’s partnership with Petrosoft aims to produce innovation and value for customers by integrating SAP Business One powered by SAP HANA with the Petrosoft Cloud,” said Luis Murguia, senior vice president and general manager, SAP Business One. “We have a longstanding policy of developing new routes to market to serve both the SME market and the subsidiary and franchise networks of large enterprises. Our partnership with Petrosoft advances that effort, and we consider Petrosoft Enterprise powered by SAP Business One to be an important, powerful new entry in the market.”
SAP Business One helps small and midsize enterprises (SMEs) and subsidiaries of larger businesses to instantly analyze growing volumes of data and gain the benefits of fast application performance while maintaining a streamlined IT landscape. It is available on premise or in the cloud hosted by SAP partners like Petrosoft.
About Petrosoft
Petrosoft’s true-cloud platform provides innovative business solutions to the retail and petroleum industries. Beginning in 2002, Petrosoft transformed the convenience store industry when its founder, a retail operator and engineer, introduced CStoreOffice®, its cloud-based back-office software solution. Today, the company designs, develops, and markets end-to-end retail technology, enabling a seamless connection between vendors, forecourt, point-of-sale, made-to-order, back-office, fuel management, network and financial systems. The company continually strives to find innovative ways to enable retail operators to better manage their forecourt, in-store and back-office operations. The company supports its product line from its headquarters in Pittsburgh, PA. Find out more at www.petrosoftinc.com
SAP, SAP Business One, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.
All other product and service names mentioned are the trademarks of their respective companies.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
For more information, press only:
Tegar Harrington
412-306-0640 ext. 2009