Computer Associates International (CA) has selected SAP as its vendor for a new ERP (enterprise resource planning) system to replace a collection of homegrown accounting systems. Services firm Accenture will assist with the implementation, CA said Wednesday.
Islandia, New York-based CA said earlier this year it would invest US$5 million to US$10 million on a new, industry-standard ERP and accounting package. The move comes in the wake of an accounting scandal that wiped out CA's top management ranks and led to reparations including a US$225 million payout to compensate victims of the fraud.
CA's new management team, including Chief Operating Officer Jeff Clarke, listed the ERP replacement as one of the steps CA would take to tighten its financial controls to prevent future violations. It is also intended to help the company meet requirements laid out in the deferred prosecution agreement it reached with the U.S. Department of Justice.
CA will immediately begin its ERP transformation project, which will focus on four key areas: financials, business intelligence, CRM (customer relationship management) and e-procurement and sourcing, the company said.