SAP Enters Strategic Relationship With Valero Energy Corporation
Global Enterprise Agreement With North America's Largest Oil Refiner to Drive Operational Excellence and Innovation
The agreement extends SAP's leadership in offering comprehensive enterprise software to address the demands of an oil and gas industry marked by rising costs, increased global competition and complex supply chains. As companies in the industry strive for greater profitability and market share, the ability to adapt to shifting global market conditions, collaborate with trading partners and innovate to meet consumer demands is vital.
"We are looking forward to leveraging the global enterprise agreement with SAP as we aim to drive innovation and efficiency in our core business operations," said Hal Zesch, senior vice president and CIO, Valero. "We see this relationship as highly strategic, seeking to create value both for SAP and Valero. Initiatives that encourage and enable innovation must be incorporated into a company's operations to stimulate growth."
A Valero software partner since 1997, SAP has supported core business processes such as finance and supply chain management for the company. The GEA includes software, software maintenance and strategic software developments. By entering a GEA, SAP will focus on:
- Leveraging the SAP portfolio to streamline Valero's core business processes and enable "Business Self Service" strategy.
- Collaboration on a world-class energy solution with the Sustainability team at SAP.
- Driving value across Valero's business network.
- Co-innovating with Valero to extend and standardize its operational performance and risk management capabilities.
- Partnering with Valero to lower the total cost of Valero's IT landscape.
“Valero’s extended commitment to SAP as its strategic business partner is a testament to SAP’s continuing leadership and innovation across diverse industries,” said Bill McDermott, member of the Executive Board and president, Global Field Operations, SAP AG. “In adding Valero to our respected list of GEA customers, we further demonstrate the value that the broad portfolio of SAP solutions brings to the world’s most innovative and successful companies.”
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 92,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
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