Companies quickly determine the impact of declining vehicle and production volumes on the business case of current projects.
TROY, Mich. (PRWEB) April 21, 2020
FACTON, a leader in Enterprise Product Costing (EPC), announced the release of its new solution, the EPC Cost Controlling. Controlling teams use the application to efficiently calculate customer and investment projects over the complete lifecycle, to simulate variants ad-hoc and to reliably track the effects on the project in real-time.
In economically uncertain times, dynamic and globally networked markets, controlling employees are more than ever required to manage projects in a targeted manner despite all their complexity, to secure margins and to guarantee the achievement of corporate goals. The software manufacturer FACTON, provider of the Enterprise Product Costing Suite, optimizes processes and workflows in controlling with its new EPC Cost Controlling solution. Users can quickly calculate customer projects, investment opportunities and product portfolios across multiple locations, show the development over the lifetime and continuously check profitability. Information and results of the project calculation are available enterprise-wide in high quality.
"The Corona crisis shows very drastically that every assumption in the product development process and every decision in production planning affects the profitability of the company. With our EPC Cost Controlling, users quickly determine the impact of declining vehicle and production volumes on the business case of current projects", commented Alexander M. Swoboda, CEO of FACTON.
The FACTON EPC Cost Controlling accelerates workflows within cost calculation through digital processes as well as real-time calculations. Controllers and cost engineers can reliably evaluate project goals by using analysis and simulation effects and efficiently implement profitability calculations over the complete lifecycle. At any time, the profitability of the project keeps in focus.
The advantages of the Enterprise Product Costing solution for controlling briefly:
- Calculate customer projects enterprise-wide and evaluate results over the entire lifecycle
- Simulate investment projects and directly capture the effects on the cost structure
- Prepare decisions with robust data and reliably manage projects
More information: https://www.facton.com/software/facton-epc-suite/cost-controlling
The FACTON EPC Suite
FACTON EPC Cost Controlling is part of the FACTON EPC Suite. The Suite consists of specific solutions that address the product costing requirements of different company departments and divisions – from top management, controlling and production to development, purchasing and sales.
About FACTON GmbH
The FACTON EPC Suite is the leading Enterprise Product Costing (EPC) solution for the automotive, aerospace, mechanical engineering, and electronics industries. Its specific solutions offer robust answers to the requirements of executive management and individual departments within the enterprise. FACTON EPC enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency throughout every phase of the product lifecycle. Businesses accelerate their costing, achieve pinpoint cost accuracy, and secure their profitability.
FACTON GmbH was founded in 1998 and has locations in Potsdam, Dresden, Stuttgart and Detroit. Hasso Plattner, founder and chairman of the supervisory board of SAP SE & Co. KG, has supported this innovative company since 2006. The international portfolio of customers includes Airbus, Mahle Behr, Deutz, MANN+HUMMEL, Porsche, Ford Motor Company, and other renowned OEMs.