Genpact's onTime App is a pioneering solution specifically engineered for the Celonis platform, employing advanced machine learning to optimize Accounts Payable (AP) processes. Built on the foundations of a company's historically paid invoices, onTime accurately predicts potential payment delays, employing a granular approach, examining invoice amounts, vendor profiles, and payment terms. Beyond mere prediction, onTime adds a strategic dimension by assigning risk buckets to open AP items. This risk-based stratification enables businesses to prioritize their AP focus, enhancing overall operational efficiency. The result isn't just punctual payments, but improved vendor relationships and increased opportunities for cash discounts.
This is where Genpact and Celonis Combine their Strengths:
Increase in Vendor satisfaction.
Increase in Discount capture.
Increase in the number of invoices paid on time.
streamlining the payments of indirect spending.
This page offers an overview of Accounts Payable. The main highlight of the dashboard is the Prediction Model Output which forecast weather pending Invoices will be paid on time or there might me potential delays. This can help Finance Team to take proactive measures to avoid delays and maintain healthy Vendor. Additionally, on the basis of the Prediction we also reflect the Discounts which is on risk because of Late payment Prediction.The Dashboard further organizes invoices , into Paid,Pending, and Rejected categories, providing counts and amounts for each. It also presents Aging Distribution for Pending Invoices, indicating Overdue and Not yet Due invoices and includes insights into the invoice types. Additionally, it offers Discount Analytics for paid Invoices and assesses process health with On Time Payment percentage and Avg. Days before First Touch.
This page provides a comprehensive overview of Company’s Financial obligations to Vendors and Suppliers. Core feature of this is the Prediction Model Output section. Powered by advanced Machine Learning algorithms, this model assesses each pending Invoice’s probability of being paid late.The Dashboard includes line-level details and a breakdown by categories. It also offers insights into ageing distribution and payment term analysis enabling effective Invoice Management.
This page offers a comprehensive overview of Paid Invoices, presenting both the total Amount and Count of Invoices that have been paid. Additionally, we provide the Percentage of Paid Invoices for further insights.To give you a clear picture of payment patterns, we display a graphical distribution of Invoices Paid Early, Paid Late, and Paid on time. Furthermore, we cover the Ageing Distribution of Early paid Invoices to show how quickly they were settled.For a deeper understanding, you can explore the Payment Trend view, which highlights the trends and patterns in invoice payments over time.Lastly, we provide a tabular presentation of Paid Invoices at the Invoice Level, offering a detailed breakdown of each individual payment.
This page provides a comprehensive overview of Rejected Invoices, showcasing both the total Amount and Count of Invoices that have been rejected.Additionally, we offer a detailed breakdown of the Top 5 Vendors with the highest Count and Amount of Rejected Invoices.To help you understand the distribution, we present the Count and Amount of Rejected Invoices for both PO and Non-PO categories, along with the distribution between Paper and Electronic formats.For insights into the rejection patterns, we display the Trend for Rejected Invoices, allowing you to identify any recurring issues.Furthermore, we offer a Tabular View that contains detailed Invoice Level Details for all the Rejected Invoices, providing a comprehensive understanding of each individual case.
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