Saphran Is Granted Patent For New Business Software Technology
Michigan-based Saphran Solutions has been granted a second U.S. patent for software technology to help companies more accurately generate "team-based" cost estimates and price quotes.
Awarded to Kenneth Bassey, Saphran's founder and CEO, the patent covers breakthrough technology that allows auto suppliers and other manufacturers to quickly and accurately meet customer price-quote requests (RFQs).
Saphran's "QuoteBase" system uses proprietary, customer-specific algorithms to eliminate the need for costly, time-consuming custom programming.
"Our new technology gives companies the ability to estimate and quote on new business in a highly automated, effective manner with close alignment to ever-changing costs," Bassey said. "In some cases, response time and related costs can be reduced by 50 percent or more."
"Our team-based QuoteBase system ties together a variety of databases, linking company estimators, engineers, account managers and sales personnel into the decision-making process," he added. "The system uses up-to-date, time-phased cost data and takes into account future market projections as well."
Saphran is a leader in the design and development of software programs to help companies manage the entire business cycle, including closed-loop predictive analytics for current enterprise systems and for planning, quoting, costing and forecasting.
Bassey noted that Saphran technology also allows companies to develop and manage forecasts based on current and future market trends. It "synchronizes" data to current and future product structures, platforms and models. Time frames and attributes for analysis are flexible and easily modified.
About Saphran Solutions
Founded in 2004, Saphran Solutions is located in Franklin Hills, Michigan. An independent software developer, the company helps automotive suppliers and other manufacturers achieve dramatic efficiencies and increased profitability by narrowing the gap between business planning and performance.
Saphran software modules are designed for original equipment suppliers with sales of between $50 million and $20 billion. The company's software programs can be implemented quickly; pay for themselves within three to six months; provide significant competitive advantages, and help protect and increase profit margins. More information about Saphran is available at http://www.saphran.com.