Henniges Automotive Selects FACTON to Standardize Costing and Quoting Processes Across Global Operations
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 customer quote requests. FACTON eliminates these restrictions, increases efficiency and provides management with critical information for decision making.”
“Henniges Automotive joining the growing number of automotive manufacturers who use the FACTON Enterprise Product Costing solution is a clear sign that proactive and transparent product cost management is now a top priority,” says FACTON North America President Ruediger Stern. “Henniges Automotive ultimately decided in favor of our solution due to its ability to configure the solution to match their strict costing scheme. This naturally makes us proud and inspires us to work even harder on expanding the functionality of our software for automotive suppliers. To achieve this, we work very closely with our customers and are open to their needs and requirements.”
The FACTON EPC Suite
The FACTON EPC Cost Management solution is part of the FACTON EPC Suite. The Suite consists of specific solutions that address the product costing requirements of company departments and divisions – from top management, controlling and production to development, purchasing and sales.