arvato Systems and FACTON form product costing partnership 18/08/2014, Improve costing processes
Partnership to optimize product costing in manufacturing companies
IT-based cost management throughout the entire product life cycle
(arvato Systems) Potsdam/G tersloh -- The IT systems integrator arvato Systems and FACTON, a software firm that offers a product costing software package of the same name, have formed an official partnership. Together they will help manufacturing companies improve costing processes and cut product costs.
arvato Systems is now offering FACTON EPC software as part of its CFO Service initiative to streamline financial processes. FACTON software will supplement the SAP Gold Partner's existing portfolio with a costing solution that customers can deploy in the earliest stages of development. In the development phase you lay the groundwork for costs that will be incurred later on, says Thomas Scharf, Head of CFO Service at arvato Systems. In order to streamline product costs, companies need to be able to identify target and actual costs early on in the process and keep a steady eye on these factors throughout the entire product life cycle. FACTON has developed a software solution that paves the way to this type of active, consistent cost management."
FACTON follows what is known as the Enterprise Product Costing (EPC) approach. All cost-relevant information from existing IT systems is consolidated in a central database. This includes bills of materials and purchased parts data from PLM systems as well as labor costs and machine hourly rates from ERP systems such as SAP. Consequently, employees throughout the entire enterprise can perform costing based on uniform data while simultaneously applying standardized calculation and evaluation processes and methods.
The CFO Service from arvato Systems is the ideal environment for FACTON's EPC solution, explains Axel Weese, Managing Director Sales & Marketing at FACTON. Our mutual aim is to design costing and financial processes in a transparent way. This will help us create a foundation that businesses can build upon to make reliable decisions and safeguard their profitability.
FACTON now has a global partner in arvato Systems with locations in Europe, Asia and North America to help boost international sales. The cooperation partners are primarily focused on the industry, electronics, automotive and plant engineering sectors. They have already acquired their first customer, home and building technology specialist Steinel, a company that manufactures outdoor lighting systems with motion sensors along with heating system technology and industrial components.
About arvato Systems
arvato Systems is a systems integrator with a solid reputation. We not only implement standard software, but also offer tailor-made, industry-specific and individually developed solutions. More than 2,700 dedicated employees at 25 sites throughout the world are always there for their customers. As part of the arvato network, a leading global BPO provider belonging to Bertelsmann, arvato Systems has the unique capability to create entire value chains and combine IT with other arvato services to deliver an integrated service offer from one source. The strength of arvato Systems lies in the intelligent combination of systems integration and planning, operation and support.
arvato Systems special CFO Service portfolio helps customers optimize financial processes and bundle a wide variety of information into relevant CFO topics that cover the entire consulting and project life cycle.
arvato Systems customers appreciate the company's ability to blend in-depth industry expertise, multi-vendor technological knowledge, true partnerships and genuine entrepreneurial spirit. arvato Systems solutions pave the way to success. www.arvato-systems.com, www.cfo-service.de
About FACTON GmbH
FACTON is the leading Enterprise Product Costing (EPC) solution for the automotive, aerospace, mechanical engineering and electronics industries. FACTON enables standardized, enterprise-wide costing independent of location and department for maximum product cost transparency. This allows FACTON to unify the business-oriented view of the products and the technical standpoint of engineers. Now the costs of complex products can be monitored early on and throughout every phase of the product life cycle. FACTON helps businesses accelerate their costing so they can achieve pinpoint cost accuracy and secure profitability.
FACTON GmbH offers the Enterprise Product Costing solution of the same name. The company was founded in 1998 and has locations in Dresden, Potsdam, Stuttgart and Detroit. Hasso Plattner, founder and chairman of the supervisory board of SAP AG, has supported this innovative company since 2006. The company's 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. www.facton.com
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arvato Systems and FACTON form product costing partnership 18/08/2014, Improve costing processes 
