PARSIPPANY, NJ--(Marketwired - Jun 25, 2013) - Vistaar Technologies, Inc. , a leading provider of price management solutions, announced today that Ford Motor Company , a long-time Vistaar customer, is extending its successful implementation of the company's solution to manage its global Materials Cost Forecasting (MCF) processes. With the new Vistaar project, Ford will create a standardized, global MCF process across its four global regions using the Vistaar system. The global MCF process supports the mission and vision of the " One Ford " transformation program which leverages Ford's global brand and scale to operate as one team and one company.
"Ford's use of the Vistaar solution for material cost forecasting provides global visibility of material spend, a critical component of a comprehensive planning and budgeting system," says Sandy Tungare, CEO and founder of Vistaar. "This serves as a great example of big data analytics using our powerful technology platform to implement a differentiating business strategy. We are pleased to expand our relationship with an industry leader like Ford and look forward to working with the company to help identify new areas of value in their enterprise solution footprint."
The Vistaar technology platform was developed to optimize a broad range of pricing and related business management processes such as costing and forecasting for large enterprises. It provides a method of differentiation to extend the value of transactional systems and helps assure that an organization can optimally execute its business strategy.
About Vistaar Technologies, Inc. Vistaar is a leading provider of price management solutions that enable companies to achieve pricing best practices through price analytics, price optimization, price list management and deal management. Our technology transforms pricing operations into a strategic advantage for some of the world's largest manufacturers, distributors and service providers. For these companies, Vistaar pricing solutions drive measurable price and margin improvements to deliver profitable growth and maximum shareholder value. Vistaar's operations include six offices across North America, Europe and Asia. For more information, visit www.vistaar.com .
Press Contact: Erin Hatfield DPR Group, Inc. +1 (919) 896-7826 Email Contact Company Contact: Tim Andreae Vistaar Technologies, Inc. +1 (617) 823-0664 Email Contact
