Client stories

Enabling growth with an agile enterprise product costing platform

When a leading manufacturing client wanted to modernize its enterprise product costing process, it sought Everest Group’s expertise for an objective 360-degree analysis of the market to identify prominent product costing solutions that can support its specific requirements.

Client challenge

Outdated processes were hampering growth

The manufacturer was on a digital transformation journey and wanted a specialized product costing platform to modernize and replace its outdated legacy system. Its current system was a mix of automated systems and manual processes, which was insufficiently scalable for the firm’s anticipated growth.

The client wanted to reduce the time required to calculate its enterprise product costs and integrate flexibility and automation into the process. Consequently, it sought a long-term solution to add agility to its overall product costing methodology.

Everest Group solution

Data-backed analysis and insights

Everest Group worked closely with the client’s executives to gain a complete understanding of its current product costing capabilities and requirements for the new solution. The client aimed to capture comprehensive cost blocks, including purchased materials (sourcing), manufacturing, logistics to the customer, warranty, and additional product-related services. This made its process more extensive than typical for a manufacturer.

Once Everest Group had a grasp on the client’s needs, the team moved swiftly to conduct a thorough market analysis to create an initial shortlist of product costing vendors, including hyperscaler solutions, major ERP modules, and product costing specialists. In close collaboration with the client, the Everest Group team further filtered this list based on its specific requirements for capabilities such as mass data processing speed, complex calculations, simulations, and data visualization, among other features.

Backed by data-driven research, Everest Group offered comprehensive insights into each of the shortlisted vendors, taking into account customer reviews and IT security features as well. Following a thorough analysis, the Everest Group team presented recommendations for the top product costing vendors that best align with the client’s requirements.

Results and impact

Confidence in going ahead with the future-ready solution

Empowered by Everest Group’s data-driven recommendations, the manufacturing firm can now confidently make a strategic decision to select the most suitable product costing platform. Everest Group’s benchmarks offered an external perspective to help weigh the various options available in the market.

Choosing the right partner

The client selected Everest Group for this critical product costing solution evaluation based on its strong reputation and proven experience in advising leading enterprises on strategic technology decisions. Everest Group’s deep domain knowledge, objective research methodologies, and data-driven insights allowed the manufacturer to feel confident that all viable options were comprehensively analyzed from an unbiased third-party perspective. The transparency of Everest Group’s process and the willingness to collaborate closely with the client’s team were also key factors in the decision.