Lotte Rental Extends Rimini Street Partnership for Multi-Year SAP and Oracle Support

Event summary

  • Lotte Rental extended its Rimini Street partnership for an additional 3 years for Oracle support and signed a new 3-year SAP support contract.
  • The deal follows a successful one-year Oracle support contract initiated in 2024, highlighting Lotte Rental's satisfaction with Rimini Street's services.
  • Lotte Rental expects to save over 50% on annual support fees for its mission-critical SAP and Oracle systems.
  • Savings will be reinvested into AI, ESG mobility services, and cloud capabilities, aiming to save 100,000 work hours over five years.

The big picture

Lotte Rental's decision to extend its partnership with Rimini Street underscores a broader trend among enterprises seeking cost-effective, high-quality support for legacy ERP systems. This shift allows companies to redirect funds towards innovation and digital transformation, crucial in competitive industries like mobility. The deal also highlights the growing role of third-party support providers in challenging traditional software vendor lock-in strategies.

What we're watching

Cost Optimization Impact
How Lotte Rental's reinvestment of cost savings into AI and cloud capabilities will affect its competitive positioning in the mobility industry.
Partnership Sustainability
Whether Rimini Street can maintain service quality as it scales support for additional enterprise clients.
Market Expansion
The pace at which Lotte Rental will expand its subsidiaries in Thailand and Vietnam, leveraging the new IT infrastructure.