FACTON ® Enterprise Product Costing

The costing software FACTON is the leading IT solution for Enterprise Product Costing. As standard software FACTON EPC enables companywide product costing throughout the entire product life cycle. For this, all costing relevant data are stored centrally in the FACTON database. Changes are continuously documented so they are easy to track. By applying a standardized calculation and valuation logic companies achieve a consistent view of their product costs.

All staff members that are involved with cost management have access to the most current product and cost data of different departments and locations. Furthermore they can utilize a comprehensive set of methods for cost analysis and simulation for which FACTON does not only provide reliable internal costing information but also up-to-date external market and benchmarking data. Internal know-how can be secured by use of the freely configurable Technology mode. This mode allows, for example, process time computation and valuation of a parameter based costing of tools.

Transparent product costs and cost structures, consistent costing methods and a common understanding of costs across all departments and locations are fundamental pre-requisites to
 

  • develop the right products at competitive cost

  • protect your margins in the quotation process

  • have reliable comparative data when negotiating with your suppliers
  • reduce the risk of critical, far reaching product investment decisions through analyses and simulations.

Enterprise Product Costing (EPC) is a concept for companywide consistent product costing which ensures product cost transparency throughout the entire life cycle.

The EPC approach is based on three pillars:

1. Standardization of costing processes and methods,

2. Cost tracking and optimization throughout the entire life cycle, and

3. companywide integration of all locations and departments.

As leading EPC solution FACTON supports all elements of the EPC approach and establishes product cost transparency which is essential for sustainable success.