Based in Aachen, Germany, FEV Motorentechnik GmbH (FEV) is an independent engineering company with about 1,300 employees worldwide. In May 2005, FEV opened a new subsidiary in P.R. China. Customers include all European car and engine manufacturers, as well as suppliers, the U.S. Big 3, and Asian manufacturers. Founded in 1978, FEV conducts high technology developments from design to go live in the area of engine technology. Additionally the company builds & sells measurement and test equipment.
Integrated project management and financial accounting gives FEV faster access to controlling information. It used to take 20 days to get monthly closing data; today it takes a week. Moreover, data entry has been reduced due to the higher level of automation. Business KPIs are more transparent, and knowledge management will be stronger in the future.
- Germany
- Automotive
- 1,300 employees worldwide
What they got
- Books closed within a week after the end of the month
- Less work required to enter data thanks to increased automation
- Business KPIs more transparent
- Greater potential for knowledge management