The world’s largest producer of renewable diesel and sustainable aviation fuel is helping enterprises create a brighter, smarter future – backed by Celonis.
Over a recent fireside chat, Neste’s Nazia Kanwal spoke about how the Celonis EMS helped Neste halve their invoicing lead time, impacting their cash flow by an estimated €55M every month.
Sustainability was in the spotlight at Celonis World Tour 2021. Business leaders from across sectors and services shared their commitments to accelerate action on climate change. Technology emerged time and again as a key driver of positive transformation.
During one fireside chat, Neste’s Intelligent Business Process Lead, Nazia Kanwal, spoke about how introducing intelligent business processes has allowed the energy company to better support its customers in reaching their sustainability goals.
One of the top issues to be solved at Neste was slow invoicing lead times in their Order-to-Cash process, which led Nazia and the team to Celonis. The Celonis EMS, and particularly its Visual and Daily Management capabilities, helped them cut invoice lead time in half, creating an estimated €50M improvement in monthly cash flow in just six months.
Here’s how they did it.