|Page (1) of 1 - 06/18/12||email article||print page|
HP Lands Multiyear Agreement to Enable P&G's "Always On" Operating EnvironmentHP Services, Technology to Help Procter & Gamble Move Products From Production to Shoppers' Carts (June 18, 2012)
PALO ALTO, CA -- (Marketwire) -- 06/18/12 -- HP Enterprise Services today announced that Procter & Gamble (P&G) has signed a multiyear agreement for HP (NYSE: HPQ) to help provide an "Always On" operating environment that enables the consumer-goods leader to keep products moving on time, from production all the way to shoppers' carts in the retail store.
Under the terms of the agreement, HP will be accountable for the comprehensive systems reliability of critical P&G processes, such as manufacturing, procure-to-pay, order-to-cash, physical distribution and financial close.
Additionally, HP will lead P&G's Information Technology Operations Integration Service to drive transparency and consistency across P&G and its technology partners by providing standard tools, processes and an integrated dashboard. The new model will enable P&G to easily connect vendors and create a flexible environment that speeds innovation while reducing overall cost and improving quality for P&G.
"We greatly appreciate the continuous value and service quality that HP Enterprise Services brings us," said Filippo Passerini, group president, Global Business Services, and chief information officer, Procter & Gamble. "'Always On' isn't just a concept; it's a critical business driver for us. The HP team has proven its ability to deliver with quality and flexibility."
HP will further automate, simplify and integrate the services it currently delivers to P&G to enable an even more resilient and scalable environment in which to address market demands. The transformation to "Always On" will include consolidating some of P&G's core technology infrastructure from a private model into a hybrid cloud environment using HP Enterprise Cloud Services and adding redundant security measures and processes. In the service offering, HP will utilize HP 3PAR Storage, HP Networking, HP VMware Virtualization software, and HP TippingPoint for a converged infrastructure that will lay the foundation for a move to cloud computing. HP Finance and Accounting Business Process Outsourcing Services will digitize P&G's procure-to-pay process.
"Increasing market share in today's environment requires innovative business models supported by great technology," said John Visentin, executive vice president and general manager, HP Enterprise Services. "Through this landmark agreement, we will combine our knowledge of P&G's business with the best of HP technologies to deliver business-focused outcomes that will help P&G achieve its goal to reach its next billion consumers."
HP has supported Procter & Gamble's infrastructure and applications environments, as well as some business processes, for more than eight years.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2012 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
Copyright @ Marketwire
Related Keywords: HP, HP Enterprise Services, Procter & Gamble, HP 3PAR Storage, HP Networking, HP TippingPoint, Manufacturing, Applications, Distribution, Suppliers, Manufacturing/Production, Manufacturing, Storage, Security, Networking, Business Issues, Cloud Computing, Services, Software, Misc, Security, infrastructure, Management, Finance/Accounting, Finance/Accounting, Marketwire, IT (Information Technology), Networking, HP, Financial, Business Services, Computer Science, Business, Other,