Oracle’s 2016 CIO of the Year, Rick Hassman from Pella Corp., and Celonis co-founder, Alex Rinke, scheduled to present at Oracle OpenWorld on October 2
MUNICH & NEW YORK (September 19, 2017) – Celonis, the leading provider of a new category of big data analytics technology called Process Mining, today announced that Pella Corporation, a leading manufacturer and designer of windows and doors, is deploying its process mining solution as the capstone of a multi-year digital transformation initiative. On October 2, Pella’s CIO, Rick Hassman, and Celonis’ co-founder and CEO, Alex Rinke, will take the stage at Oracle OpenWorld to introduce process mining and discuss how this breakthrough technology can improve margins, business agility and customer service.
For nearly a century, Pella has remained at the forefront of building innovative, high-quality windows and doors. To ensure it maintains a position of industry leadership for years to come, the company has undergone a major digital transformation to modernize all aspects of its business, ranging from field service to sales, finance, supply chain, warehouse, manufacturing and distribution centers. The project is considered to be one of the most impactful strategic initiatives in the company’s 92-year history.
Rick Hassman, Pella’s CIO and recipient of Oracle’s 2016 CIO of the Year Award, led the vision and execution of the project.
“To enable Pella’s growth strategy, we continue our longstanding journey with Oracle to transform our technology stack and business systems. The success of this ongoing digital transformation has allowed the business to identify ‘Integrated IT Systems’ as a strategic competitive advantage,” said Hassman. “We are now partnering with Celonis to mine the process data from these systems and drive productivity improvement and complexity reduction across the business. The analytics that Celonis creates with their Process Mining tools are extremely powerful and actionable. With this partnership, we are very excited to take our continuous improvement efforts at Pella to a new level.”
Process Mining works by ingesting event logs from all of an organization’s existing IT systems, analyzing the logs, and providing a real-time visual map of the way processes are occurring. Using artificial intelligence and machine learning, process mining can show business leaders where processes are breaking down, prioritize issues that are having the biggest impact, and provide prescriptive recommendations to fix them quickly.
For example, Celonis Process Mining can be used to analyze purchase-to-pay and order-to-cash processes, two areas where Pella will begin focusing first. With process mining, organizations like Pella can track every step of these processes to see where, and how frequently, operations are deviating from the ideal path. Businesses can instantly identify bottlenecks like late deliveries by suppliers, which can be corrected to streamline supply chain and manufacturing operations, or where internal processes for paying vendors are breaking down, which can be eliminated to reduce wasted time and money. And they can see these things without even knowing where to look for them.
“Traditional analytics, even most forms of advanced analytics, require a hypothesis about where to look and what to look for – it’s like shining a spotlight. Process mining is different because it turns all the lights on and automatically provides visibility into an entire organization,” said Alex Rinke, co-founder and CEO of Celonis. “As the recipient of Oracle’s CIO of the Year Award, Rick is clearly the authority on digital transformation and a leader in his field, so the investment that he and Pella have made in Celonis is a testament to the value that process mining will provide. We’re looking forward to sharing this revolutionary new technology with OpenWorld attendees.”
Hassman and Rinke will deliver an Executive Solution Session about the value of Process Mining on Monday, October 2nd at Oracle OpenWorld, which takes place from October 1-5, 2017 in San Francisco, California.
Who: Rick Hassman, CIO, Pella Corporation
Alex Rinke, co-founder & CEO, Celonis
What: Accelerated Process Improvement: CIO of the Year Rick Hassman on Process Mining
When: Monday, October 2, 2017 at 3:45 p.m. PT
Where: Yerba Buena Center for the Arts (YBCA) Theater
701 Mission St, San Francisco, CA
Why: The world’s leading and innovative organizations are embracing process mining to transform their businesses and launch themselves into the digital age. In this session Pella CIO Rick Hassman, Oracle’s CIO of the Year 2016, introduces process mining, a breakthrough big data analytics technology powered by adaptive intelligence and machine learning. Pella partnered with Celonis, the world leader in process mining, to drive business value and accelerate Pella’s strategic objectives, and Celonis CEO Alexander Rinke leads a deep-dive on the technology’s value. Whether your aim is to improve processes to reduce costs, prepare for cloud migration, or offer a world-class customer experience, the key to transformation is understanding your processes end-to-end.
For more information, please visit https://openworld2017.celonis.com/
Celonis is a leading global supplier of enterprise-ready Process Mining. With its unique technology, it offers a versatile, innovative, industry-independent analytics solution for optimizing IT-driven processes in large enterprises. Celonis enables its customer to run transparently: Siemens, ABB, Bayer, RWE, EDEKA, ING-DiBa, Schaeffler, Vodafone, and many other customers have already placed their confidence in Celonis’ strength and capacity for innovation. The headquarters of Celonis SE is located in Munich, Germany. For more information, please visit www.celonis.com/en.
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