WARRANTY MANAGEMENT
On an average, OEM's spend 1% to 4% of their revenue on Warranty and related costs. A deeper look at the spend and we realize Product Defect costs (~40%), Administrative Overheads (~22%), Supplier Recovery costs (~15%) and Fraudulent Claims (~12%) are the major factors contributing to the ever increasing cost pressures. These clearly stands out as the Market White Spaces where contribute significantly.
Solution Differentiators
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Warranty Predictive Analytics, providing patterns and Next Best Actions across the Key Business Processes - Warranty Cost Prediction and Fraud Claim Detection
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Connected Cars Telematics solution sending early warning signals to Dealership, Auto OEM and Customers for potential failure of parts.
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End-to-End Integration with ERP, Dealer Management System, Service Management and Loyalty Management programs.
Solution Benefits
F Choice helps organizations reduce the Total Cost of Ownership (TCO) by enabling the following:-
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Control product failure and quality issues up to 15%
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Reduce fraud claims by 6-9%
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Improving Supplier Cost Recovery by 2X
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Improve warranty and contract sells by 3-7%
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25-Year Worry-Free Warranty
We deliver confidence