Cost of software and its implementation is high
Paskon's solutions based on Pi platform reduces cost of software acquisition and implementation with an industry packed integration and subscription models.
Inefficiencies in warranty claim management
Organizations cannot depend upon old dinosaur software or on software developed in-house or have myriad spreadsheets to manage their warranty operations. They must invest in warranty management software that fits their business needs, supports customer expectations, and that can scale and adapt to business changes.
Besides processing claims, these systems are called upon to reduce inefficiencies and financial liability resulting from fraudulent claims and increasing claim backlogs.
Furthermore, warranty-specific analytic tools provide greater functionality, better value and faster return on investment over generic analytic tools customized for warranty. Paskon's Warranty and Contract Management Solution is highly capable and covers all aspects of warranty management. It is therefore a logical choice for an organization that is looking for a complete end-to-end solution, which includes warranty analytics.
Warranty analytics is a key complement to warranty transaction management systems. It provides a pivotal piece of business intelligence – it brings heightened visibility to product quality, field product performance, business risk and liability exposure and potential of increasing revenues that are traditionally not visible.
Lack of capabilities of current IT infrastructure has compounded the process inefficiencies
Disjointed applications and functional silos across the enterprise slow down claim processing and fraud detection. They do not provide the failure-related information needed from the warranty data that become essential to the development of new and improved next- generation products. Furthermore, the costs to maintain this outdated infrastructure add to the adversities of the situation
Lack of adequate Data accessibility and usability
While claims continue to consume a sizable portion of revenue earned on each sale, other factors such as identifying the root cause of a product defect, pinpointing faulty repairs and the lack of a mechanism for timely supplier recovery, only add to costs.
Increased product complexity, rapidly falling prices and rising demands from quality-focused customers have resulted in escalating warranty management costs.
The cost of warranty management continues to rise.
Consumer electronics, automotive and high-tech manufacturers, in particular,
encounter enormous obstacles while attempting to increase the speed of warranty
claims processing across business functions.
Pi Platform enabled Software and Solutions provide:
· Real-time, intuitive and visually rich data anytime on any device
· A cloud-based solution that integrates with your existing web apps
· Reporting tools powered by Business-Intelligence (BI) for quick decisions
· Outcome-defined workflows to help you track and measure key KPIs
· Enables mobile digital apps for on demand anywhere access to process execution and information
Our Software and Consulting Services are integrated within your organizations, team, SDLC and processes, implemented as a part of your team or as turnkey projects that be securely and transparently tracked and effectively evaluated, in one-third of the time, providing you complete transparency and reducing risk that results in:
· Reduced project times
· Competitive project costs
· Successful implementations with high ROI
· Extending investment life of existing solutions by exposing them as cloud apps to enable a digital extended enterprise ecosystem