Corporate | 15 July 2016 11:17
GK Software AG: Central Omni-Channel Pricing Engine – a joint solution from SAP and GK
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DGAP-News: GK Software AG / Key word(s): Alliance/Product Launch
15 July 2016 | Schöneck Central Omni-Channel Pricing Engine – a joint solution from SAP and GK – Pricing engine from GK Software becomes part of the SAP software portfolio – Calculating prices centrally is an important element for cross-industry omni-channel solutions SAP is now able to offer its customers a central omni-channel pricing engine. The heart of this new software solution is the pricing engine developed by GK Software AG. This has been further developed jointly with SAP to form a central component in the SAP infrastructure for omni-channel applications. GK Software and SAP have signed an agreement covering the integration of the Central Pricing Engine, which GK Software has continued to develop in close cooperation with SAP, in the range of software solutions offered by SAP. As part of the agreement, the GK price-finding component will be directly embedded in cross-industry solutions sold by SAP. Shortly after the agreement was signed, one of the top 50 global retailers opted for the software component developed by GK. The Central Pricing Engine is a high-performance component for centrally calculating very many shopping baskets in stores, in web shops or on consumers’ mobile devices. The scalable central software enables the calculation of a very large number of parallel sales promotion rules at the same time. The Central Pricing Engine guarantees unified prices across all the channels within an all-round omni-channel approach, the consistent use of as many sales promotions and loyalty actions as the company wishes and precise figures for refunds. It therefore forms one key component in all-round omni-channel concepts. The Management Board believes that the agreement provides confirmation of its plans for the 2016 financial year and it is standing by its forecast, which was published in the statement on the 1st quarter, without making any changes.
About GK Software AG
The company employs 794 members of staff (figures for 30 March 2016) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia and the USA. GK Software AG’s customers include many well-known retailers from both Germany and beyond, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Loblaw, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 216,000 installations across approximately 40,000 stores in 42 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 62.6 million in 2015. Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK Software AG into a profitable company exhibiting strong growth. Further information about the company: http://www.gk-software.com Contact
Investor Relations
2016-07-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | GK Software AG | |
| Waldstraße 7 | ||
| 08261 Schöneck | ||
| Germany | ||
| Phone: | +49 (0)3 74 64 84 – 0 | |
| Fax: | +49 (0)3 74 64 84 – 15 | |
| E-mail: | info@gk-software.com | |
| Internet: | www.gk-software.com | |
| ISIN: | DE0007571424 | |
| WKN: | 757142 | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart | |
| End of News | DGAP News Service |