NEWS
IBM signs US$540m services agreement with
Nordic’s Nordea Bank
organisations in the Nordics and provide a
solid path to bringing new efficiencies in its
Digital Transformation.”
As part of the agreement, a group of
Nordea employees will transfer to IBM. The
employees who are transferring to IBM will
have an opportunity to be part of a leading
technology company.
I
BM Services has announced that it has
signed a managed services agreement
with Nordea, under which Nordea Bank will
outsource its IBM Z operations to IBM.
The US$540m multi-year agreement
continues to build on the success of the
Nordea-IBM relationship that began in 2003.
By outsourcing its majority of IBM Z
infrastructure services in five countries, Nordea
will have continued access to the latest
technology advancements, including cognitive
services, while at the same time maintaining a
sustainable IBM Z organisation.
“As we continue to grow our long-standing
relationship with Nordea, we are looking
forward to working with it to drive its digital
progress with IBM Services,” said Martin
Jetter, Senior Vice President, IBM Global
Technology Services. “Our latest agreement
will help Nordea accelerate its leadership
as one of the largest financial services
The Managed Service contract signed
between Nordea and IBM relies on an active
relationship between the two companies. It
differs from previous mainframe contract,
having had the unique opportunity to write up
a Service Level Agreement based on first-hand
experience of running the Nordea mainframe.
The contract negotiations with IBM have
resulted in an agreement with the best
possible outcome in relation to helping to
ensure a sustainable and protected IBM
Z set-up, based on Nordea’s current and
future needs.
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Global footwear retailer, CCC Group, taps Oracle
to boost profitability
P
olish footwear retailer, CCC Group, is
propelling its Digital Transformation with
retail technology from Oracle. CCC Group
is one of the fastest growing omnichannel
footwear retailers in Europe, selling over
50 million pairs of shoes annually in 1,200
stores and across 23 countries online. With
a business that is quickly scaling, CCC
recognised the need to optimise margins
www.intelligentcio.com
and minimise unnecessary markdowns on
an inventory spanning 45,000 products.
Using Oracle Retail Merchandising and
Planning and Optimisation solutions, the
company is able to maximise profitability
that will fuel expansion. merchandising. Combined with Oracle Retail
Clearance Optimisation, CCC Group can
now reconcile the impact of discounts on
inventory and automatically gain approval
on pricing with Oracle Retail Merchandise
Financial Planning.
Using Oracle Retail Clearance Optimization,
CCC Group quickly experienced a 4.2%
increase in gross margin and a 7.1%
increase in inventory sell-through. The
technology provides CCC Group with a new
business process that gives its analysts fact-
driven markdown recommendations and
exception reporting based on inventory style,
colour and location. “Oracle Retail Clearance Optimisation
provides us with the flexibility to adjust
to our business needs and markets while
providing a stable, intelligent and scalable
platform. We have shifted from a 100%
manual process to a solution that runs
millions of combinations to come up
with the best recommendations for our
experts,” said Piotr Pawłowski, Chief
Information Officer, The CCC Group. “Pronos
has provided great local, in-language
implementation experience with global
expertise. We look forward to continuing our
Digital Transformation with the completion
of our Oracle Retail Merchandise Operations
Management implementation.”
With the support of Oracle PartnerNetwork
Gold Level Partner Pronos, CCC Group
began implementing additional solutions
including Oracle Retail Merchandise
Financial Planning and Assortment Planning
followed by allocation, replenishment and
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