RfQ processes within the Manufacturing and Automotive industry are very critical from both external and internal perspectives.

• Externally, customers such as OEMs demand fulfillment of price targets, annual price downs and detailed cost breakdowns. And all that within a short timeframe from one week to maximum of 2 months.
• Internally, the company needs to fulfill its own financial targets, involve many departments such as Purchasing, Sales, Engineering, generate a substantial amount of data to achieve an integrative price.

Currently, Manufacturing companies and Automotive suppliers rely mostly on their Sales department's knowhow, Excel tool and specific calculator teams to generate quotes, but this is linked with many problems and inefficiencies such as:

• Data loss
• Wrong data
• Idle time due to waiting and inactivity
• Misunderstanding of quote inputs
• No analysis on customers' pricing demand developments
• Lack of comparability
• Failure of performance tracking
• No overview on KPIs
• Additional headcount
• and many many more...

We from Hyvan Technologies understand that Manufacturing and Automotive supplier industry Sales cannot use conventional CPQ tools since these can only be used for standardized and off-the-shelf parts. Whereas the Manufacturing and Automotive industry mostly deal with non-standard parts, that are engineered and customized for their customers according to their specific requirements.

Our CPQ application is specifically designed towards our customers' needs. It is SaaS based, the setup can be on premise or within cloud.