In order to address the business challenge of visibility and control over invoices prone to missing out on cash discounts, we created an ML Based workbench where, based on an agreed set of data points and historical cash discount violations, the algorithm identifies invoices with cash discounts where the due date is approaching. We also see a market, company code, and region-wise distribution of such invoices. The app further links the identified invoices to an execution gap where invoices are prioritized based on probability and due date. The app leverages user-specific views and ensures that no invoice misses out on the savings potential. What may seem insignificant for individual orders, however, accumulates more and moreover a quarter or the whole year. Without a systematic overview of these key figures, such problems are rarely noticed.
This is where Accenture and Celonis Combine their Strengths:
Fast access to operational data, up-to-date analytics, and reporting.
Identify and automate corrective actions, early warnings.
Drives effective work Management, actions, and automation.
Drives continuous improvement.
Reduction in manual effort in tracking and taking action on Identified cases.
Entails all the key metrics and gives complete visibility from a Business Intelligence perspective to identify invoices with probability of missing out on lost cash discount. It shows Potential P&L impact, probability score along with Company code and region wise distribution.
This view gives us the view of the execution gaps craeted to catch all invoices with a probability of missing out on Cash discount due date.
This view shows the recommended actions for the invoices cought in the execution gap created for invoices with probability of missing out on cash discount. It also allows the user to prioritize the invoices based on due date and probability score.
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