Office Depot Pivots to a New Future with Oracle Cloud Applications

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PR Newswire

REDWOOD SHORES, Calif., Jan. 29, 2018

REDWOOD SHORES, Calif., Jan. 29, 2018 /PRNewswire/ -- Office Depot, Inc. (NASDAQ:ODP), a leading omni-channel provider of business services, products and technology, selected Oracle Cloud Applications to modernize its IT systems and transform its business processes to meet the demands of today's digital economy. By enhancing the performance and outcomes of key supply chain, HR, and financial management functions with Oracle Cloud Applications, Office Depot will be able to accelerate its omnichannel growth, simplify its IT infrastructure, and lower its costs.

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To enable strategic business model changes and achieve future growth plans, Office Depot needed a comprehensive solution that could enhance its current infrastructure and extend its existing IT investments. After a competitive review, Office Depot selected Oracle Supply Chain Management (SCM) Cloud, Oracle Human Capital Management (HCM) Cloud, and Oracle Enterprise Performance Management (EPM) Cloud to speed time to market and control costs.

"Office Depot is pivoting away from being a traditional office products retailer to a broader omnichannel services and products company and that causes a lot of complexity given our existing technology," said Damon Venger, senior director, IT Applications, Office Depot. "We evaluated multiple vendors, but only Oracle could deliver the end-to-end solutions we needed. Oracle Cloud applications continue to evolve and expand—ensuring they can grow with us over time. This was important when looking for a company that could be a true partner and understand our unique business needs."

To support high-order volumes and a large range of products, Office Depot chose Oracle Supply Chain Management (SCM) Cloud for an end-to-end business solution that can help get products to market faster and offer real-time insight into day-to-day logistics, procurement, and forecasting. With Oracle HCM Cloud, Office Depot will be empowered with insightful and actionable data to manage its global workforce for a more positive and consistent employee experience worldwide, while eliminating individual and disjointed point solutions. Oracle Enterprise Performance Management (EPM) Cloud will help transform the finance function —from planning to financial close — to enable data-driven, strategic decision making, timely and accurate financial reporting, and lower IT complexity.

"Office Depot continues to digitally transform its business to better serve the needs of its constituents — from employees to customers," said Steve Miranda, executive vice president of applications development, Oracle. "With Oracle Cloud Applications, the company will be well equipped to capitalize on new opportunities for growth, while delivering a differentiated, compelling service to its customers."

Additional Information
To learn more about Oracle EPM Cloud, follow @OracleEPMCloud on Twitter or Facebook, or read the Modern Finance Leader blog.

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More information on Oracle HCM Cloud can be found on the Modern HR in the Cloud blog, follow @OracleHCM on Twitter or Facebook.

For additional information on Oracle SCM Cloud, visit Facebook, Twitter or the Oracle SCM blog.

About Office Depot, Inc.
Office Depot, Inc. is a leading provider of office supplies, business products and services delivered through an omnichannel platform.

The company had 2016 annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in North America and abroad with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – with a global network of wholly owned operations, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot®, OfficeMax®, BizBox, CompuCom®, Complete Office and Grand&Toy®. The company's portfolio of exclusive product brands include TUL®, Foray®, Brenton Studio®, Ativa®, WorkPro®, Realspace® and Highmark®.

Office Depot, Inc.'s common stock is listed on the NASDAQ Global Select Market under the symbol "ODP."

Office Depot, Foray, Ativa and Realspace are trademarks of The Office Club, Inc. OfficeMax, TUL, Brenton Studio, WorkPro and Highmark are trademarks of OMX, Inc. CompuCom is a trademark of CompuCom Systems, Inc. and Complete Office is a trademark of Complete Office Solutions, LLC. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. ©2017 Office Depot, Inc. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.

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