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Ascena selects Oracle E-Business Suite Financials Suite
12
Jan '11
ascena, the newly formed holding company for apparel brands dressbarn, maurices and Justice, has selected Oracle E-Business Suite Financials to streamline financial operations across the company's growing retail operations.

ascena will migrate its enterprise financial operations to the Oracle Applications including Oracle E-Business Suite Financials, Oracle Hyperion Planning and Budgeting and Oracle Governance, Risk and Compliance solutions.

The Oracle applications will replace disparate enterprise systems being used by dressbarn and maurices and upgrade the Oracle E-Business Suite applications already in use at Justice to the latest version.

By standardizing financial, planning and risk management operations on the Oracle applications, ascena intends to establish a complete, open and integrated IT foundation that will support the company's growth and achieve a lower total cost of ownership.

All three ascena-owned retail businesses currently use a range of Oracle solutions, including Oracle Retail applications, Oracle enterprise solutions and Oracle Database.

"Our due diligence process determined that the Oracle applications provided us the best solutions for integrating and managing our business and establishing a foundation for growth. Oracle's partnership and product offering enable us to focus on providing our customers with an unmatched retail shopping experience," said Armand Correia, Chief Financial Officer, ascena Retail Group, Inc.

"Oracle fulfills our requirements for an integrated solution set and enables us to establish a standardized footprint and lowest total cost of ownership," said Karen Etzkorn, Chief Information Officer, ascena Retail Group, Inc.

"We are very pleased to expand our relationship with The Dress Barn, Inc., now ascena, and to be a part of their continued growth strategy," said Tom Madigan, Vice President, Global Retail Portfolio, Oracle.

Oracle Corporation

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