Shut it down right now and ask the VP to tender their resignation. Any company doing a 3-year SAP implementation is a very large company. That $1M in additional revenue pales in comparison to the risk introduced by sharing company or personal customer data with a vendor who has not passed the required security auditing. Data is no longer a thing to be thrown around in search of additional revenue and "but I made money" or "I had to because IT is slow" is not a post hoc rationalization for the behavior.
Regardless of the merits of large enterprises acting this way, this is a VP who clearly cannot function within the enhanced risk-controlled environment of one and should find a position with a smaller company where they have more freedom to pursue personal initiatives at the VP-level. Those companies exist. Go find one.