Petrosoft Signs OEM Agreement With SAP

PITTSBURGH — Petrosoft LLC has signed an agreement with SAP through which it will integrate the SAP Business One application with its cloud suite to offer the Petrosoft Enterprise powered by SAP Business One solution.

The integrated solution is expected to provide a true enterprise resource planning (ERP) and business intelligence solution to customers in the underserved small and midsize enterprise segment of the North American convenience store and petroleum industry, Petrosoft said.

"Teaming with SAP offers exciting opportunities to expand our enterprise offerings to the retail and petroleum marketplace, and to support these companies with an innovative solution," stated Petrosoft President and CEO Sergei Gorloff. "Petrosoft's industry experience and SAP's excellence in ERP solutions are a powerful combination that we expect to be highly beneficial to customers both domestically and globally."

The alliance is designed to tightly integrate Petrosoft's end-to-end business solution with the SAP HANA platform and the advanced finance and business management functionality of SAP Business One. Additionally, the partnership seeks to help retailers and fuel marketers to achieve true automation of business processes and seamless data integration across diversified business environments.

The partnership is expected to extend Petrosoft's reach beyond its current client base in the United States, Canada and the Caribbean to opportunities in Europe, the Asia-Pacific, Mexico and South America.

"SAP's partnership with Petrosoft is a powerful combination, which aims to produce innovation and value for customers by integrating SAP Business One powered by SAP HANA with the Petrosoft Cloud," said Luis Murguia, senior vice president and general manager, SAP Business One. "We have a longstanding policy of developing new routes to market to serve both the SME market and the subsidiary and franchise networks of large enterprises. Our partnership with Petrosoft advances that effort, and we consider Petrosoft Enterprise powered by SAP Business One to be an important, powerful new entry in the market."

Pittsburgh-based Petrosoft designs, develops, and markets end-to-end retail technology.