But many leaders don’t have visibility into how complex their businesses are. How do you visualize a process that spans tens of thousands of locations? Has accumulated apps through years of mergers and acquisitions? And produces multiple versions of the same data?
For the last two years, McKinsey has collaborated with Celonis, the pioneer and global leader in process mining, to help clients do exactly this: visualize what is “under the hood” of their organizations. This week, McKinsey is pleased to formalize our partnership.
“Celonis is one of our key strategic partners globally. When you have that Celonis visual in front of you, it's a very powerful thing. Companies can begin to understand the complexity of their business—the issues they work around every day—and address those inefficiencies toward greater productivity,” says Jan Wüllenweber, a McKinsey senior partner. “It enhances the speed and accuracy of any transformation.”
“Together, McKinsey and Celonis give organizations the unique business and technical expertise they need to outrun today’s global macroeconomic challenges,” says Bastian Nominacher, co-founder and co-CEO of Celonis. “I’m always impressed by the value customers are able to unlock with McKinsey guiding their business transformation based on process insights.”
“Our platform delivers end-to-end visibility into business processes—a data-driven, system-agnostic digital twin enriched with process intelligence,” explains Fabian Baldauf, senior director at Celonis. “This is coupled with McKinsey’s deep industry and organizational knowledge, and proven expertise in running transformation programs for its clients.”
Headquartered in Munich and New York City, Celonis was established in 2011 when its three co-founders, who met during a consulting project at university, decided to commercialize process mining and to start a company. Today, it has more than 3,000 employees, a $13 billion valuation, and leads one of the fastest-growing segments of the global IT market.
