“FACTON is replacing a legacy system, which was difficult to use, lacked historical view of quoting, and required too much time to respond to customer quote requests.” – Larry Williams, President and CFO at Henniges Automotive
Troy, MI (PRWEB)
March 30, 2017
FACTON, a leader in Enterprise Product Costing (EPC), today announced Henniges Automotive has selected FACTON EPC as the core technology solution to standardize costing and quoting across the enterprise.
Henniges Automotive, headquartered in Auburn Hills, MI, will deploy FACTON EPC in seven countries spanning across three continents – North America, Europe and Asia, in its sales, engineering, purchasing, quoting, finance, and management areas. This includes costing for all manufactured and purchased parts, as it is critical for automotive suppliers to closely track cost developments and perform precise cost calculations to remain competitive. Cost differences of only a few cents are important and are difficult to identify without a specialized costing tool designed to make the information visible and actionable.
Henniges Automotive chose FACTON based on the following criteria:
- Flexibility to configure solution to meet demands of their existing costing scheme – other solutions required extreme customization
- Ability to rollout the system quickly to replace their existing legacy system
- Deep understanding of the automotive industry
Larry Williams, President and Chief Financial Officer at Henniges Automotive, explains: “We needed a solution to improve accuracy and efficiency in our quoting process. FACTON is replacing a legacy system, which was difficult to use, lacked historical view of quoting, and required too much time to respond to…