PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: SYSTIME, a CMS Group Company | KPIT

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Strategic Partnership with IT Service Provider KPIT Aims to Optimize Enterprise Product Costing in US Companies - Software Company FACTON announced that it has entered into a partnership with KPIT an IT consulting and product engineering partner to global automotive & transportation, manufacturing and energy & utilities companies - FACTON.com / KPIT.com
Strategic Partnership with IT Service Provider KPIT Aims to Optimize Enterprise Product Costing in US Companies

 

NewswireToday - /newswire/ - Edison, NJ, United States, 2014/10/06 - Software Company FACTON announced that it has entered into a partnership with KPIT an IT consulting and product engineering partner to global automotive & transportation, manufacturing and energy & utilities companies - FACTON.com / KPIT.com. BSE: 532400; NSE: KPIT

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Their goal is to implement specific measures to support manufacturers in optimizing product costs. Within the scope of their collaboration, the partners are initially focusing on the US market, and particularly on the automotive sector and discrete manufacturing. FACTON produces an eponymous Enterprise Product Costing (EPC) solution, FACTON®EPC, which enables companies to carry out uniform product costing across the entirety of their operations, sites and departments.

“Interest in IT-assisted product costing optimization has grown dramatically in the US,” explains Axel Weese, Managing Director Sales & Marketing of FACTON. “American companies recognize that professional EPC software will harmonize costing processes across the entire enterprise and improve them so that costs can be optimized in a viable way at an early stage.” Alongside its German sites, FACTON already has an office in the US city of Detroit, from where it looks after American clients in the automotive industry OEMs and suppliers alike. “An experienced partner such as KPIT, a company that already helps numerous customers in the US to implement SAP and Oracle, will be able to provide ideal support for the introduction of EPC software,” adds Weese.

By offering FACTON’s EPC solution, KPIT has immediately enhanced its range of product costing optimization services, which also includes product engineering services, supply chain analyses and benchmarking. “When advising on product cost reduction and optimization as well as the related processes and IT solutions, we notice time and again that different departments and sites tend to work in parallel instead of together with one another,” explains Frederic Ramioulle, President of the Automotive & Transportation Industry Business Unit at KPIT. “If colleagues are working on costing with different sets of data, obsolete information or self-invented methods, it can lead to fatal errors. A central tool such as FACTON®EPC is therefore indispensable, since it is applied at company level and establishes uniform standards.” The EPC solution allows manufacturing companies to ensure total costing transparency throughout a product’s entire lifecycle. Cost drivers can be identified early on in development and promptly dealt with.

“KPIT is able to draw on many years of experience in implementing ERP solutions as well as extensive expertise in all key cost optimization processes,” states Weese. “One particular advantage of our collaboration is the fact that KPIT is ideally positioned to integrate the EPC software into the existing IT landscape and is able to configure it at the same time.” FACTON®EPC can be linked to existing ERP and PLM systems without them requiring any changes. To further their work, the cooperative partners have agreed on a clear structure for their collaboration: KPIT will act as a ‘value added’ advisor/ consultant, integrating FACTON®EPC into its clients’ systems at their premises. Within this process, the consultants and project managers will adapt the EPC solution to the specific costing needs of each company. In addition, KPIT will also be responsible for providing any technical support needed both in the US and in other company locations worldwide.

About FACTON GmbH
FACTON®EPC (facton.com) is the leading enterprise product costing (EPC) solution for the automotive, aerospace, mechanical engineering, high-tech and electronics industries. It enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency. As a result, FACTON unifies the business-oriented view of the products and the technical standpoint of engineers. The costs of complex products can therefore be monitored from an early stage and throughout every phase of a product lifecycle. FACTON®EPC helps businesses accelerate their costing so they can achieve pinpoint cost accuracy and thus secure their profitability.

FACTON GmbH supplies an eponymous software solution for enterprise product costing. It was founded in 1998 and has sites in Dresden, Potsdam and Stuttgart in Germany, as well as in the US city of Detroit. The innovative company has benefited from the support of Hasso Plattner, founder and chairman of the board of SAP AG, since 2006, and its customers include Airbus, Behr, Deutz, MANN+HUMMEL, and Porsche. FACTON’s goal is to work with leading consultancy firms and research institutions to establish a unified cost management standard.

About KPIT
KPIT Technologies is a fast growing global product engineering and IT consulting partner focused on co-innovating domain intensive technology solutions for automotive & transportation, manufacturing and energy & utilities corporations. A Platinum level member of Oracle PartnerNetwork (OPN), and SAP gold channel partner and SuccessFactors consulting partner, it delivers consulting and system integration services that enable pervasive business transformation for growth-oriented organizations across its focused industries.

KPIT is at the forefront of automotive engineering globally with solutions in the areas of AUTOSAR & in-Vehicle Networks, Body Electronics, Chassis, Safety & Driver Assistance, Functional Safety, Vehicle Diagnostics, Infotainment and Powertrain.

Press contacts:
Julia Hisge - möller pr, T: +49(0)221 80 10 87-90 - E: jh[.]moeller-pr.de.
Iris Funke - FACTON GmbH, T: +49(0)331 97 99 2-439 - E: iris.funke[.]facton.com

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: SYSTIME, a CMS Group Company | KPIT

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Strategic Partnership with IT Service Provider KPIT Aims to Optimize Enterprise Product Costing in US Companies

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Stefanie Köhler - KPIT.com 
+49 89 322 99 66 140 stefanie.koehler[.]kpit.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SYSTIME, a CMS Group Company | KPIT securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From SYSTIME, a CMS Group Company | KPIT / Company Profile


Read Software Most Recent Related Newswires:

IBM Services and Retail Analytics to Support Walgreens Field Service Nationwide
Mentor Precision Synthesis Announces Support for the EFPGA Fabric in Silicon Mobility’s OLEA Automotive IC
Oracle Named a Leader in 2017 Analyst Evaluation for Enterprise BI Platforms with Majority Cloud Deployments
IDology Announces Partnership with ThreatMetrix for Powerful Identity and Fraud Prevention
Polish Retailer Marketing Investment Group SA Selects Oracle Planning
Draper James Gains Foundation to Grow Graciously with NetSuite
Intel Custom Foundry Certifies Mentor Physical Verification Tools for 22FFL FinFET Low Power Process
TIBCO Connected Intelligence Cloud Equips Companies for Digital Transformation
WANdisco Launches One of the First Hybrid Data Lake Architectures in Collaboration with AWS
IBM and MTN Help Protect Endangered African Rhinos with Internet of Things Technology
Baker Hughes and KBC Partner to Provide Integrated Process and Operational Software Solutions to the Oil and Gas Industry
Oracle’s New SPARC Systems Deliver 2-7x Better Performance, Security Capabilities, and Efficiency than Intel-based Systems
PROS New Opportunity Detection Uses Machine Learning to Identify Hidden Sales Growth with Existing Customers
Shelborne CAPITAL Corp. Adopts Yardi Genesis2
Noble Systems Joins the Becker’s Hospital Review Health IT + Revenue Cycle Conference

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)