The EPIM4 ensures digital sales readiness for manufacturing companies that offer complex, personalized, and individualized portfolios
Based on its recent analysis of the North American market for enterprise product information management (EPIM) and digital sales readiness in manufacturing, Frost & Sullivan recognizes Viamedici with the 2020 North American Product Leadership Award for its advanced EPIM4 suite. The EPIM4 digitalization platform delivers outstanding data quality management for reliable information on product data, business process management, and configuration and rules management. It eliminates the need for manufacturing companies to rely on stand-alone point solutions and facilitates their product development and sales processes.
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“Viamedici’s EPIM4, with its smart product configuration (SPC) digital sales readiness, is a complete solution for selling complex, personalized, and individualized portfolios and can be used extensively by sales representatives and distributors,” said Sankara Narayanan, Senior Industry Analyst. “Fast implementation, easy administration, excellent usability, and partner and rollout readiness further enhance the company’s customer value proposition.”
The comprehensive EPIM4 platform can be applied to real-time data storage and provisioning; smart product configuration (SPC); electronic catalogs (ECAT); eCommerce (ECOM); product, media, and review portal management; and automated print publishing. As Viamedici is the only company offering an all-inclusive product management software solution to manage both product data and configuration rules, it has been able to position itself as a vendor of specialized software solutions.
Viamedici’s SPC digital sales readiness offering, with its configure price quote (CPQ) and procurement functions, is the ideal solution for the management and sale of a range of customizable products. The company further differentiates itself with its ability to continuously import changes within the rule sets coming from other systems. As most companies have large parts of rule sets readily available in their enterprise resource planning (ERP) systems, Viamedici supports seamless integration with legacy ERP systems to guarantee consistency.
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“With the launch of EPIM4, Viamedici also set up its own EPIM cloud center (ECC) in compliance with the EU general data protection regulation (GDPR). The company has also been continuously shifting its customers from on-premise deployments to cloud-based distributed and federated global deployments to avoid time latency,” noted Sankara Narayanan. “Frost & Sullivan expects that Viamedici’s EPIM4 rollout, shift to SaaS, and cloud models, investment and representation in Eastern Europe, Russia, and Asia will help it further strengthen its position in the global market.”
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
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