CELONIS NEWS & PRESS.
Celonis today announced that it has been selected as a recipient of Supply & Demand Chain Executive’s SDCE 100 Award for 2017 for its work with global telecommunications company, Vodafone.
New York, NY— June 22, 2017 – Celonis today announced that it has been selected as a recipient of Supply & Demand Chain Executive’s SDCE 100 Award for 2017 for its work with global telecommunications company, Vodafone. With Celonis Process Mining, Vodafone was able to fully understand its end-to-end processes and achieve 100 percent transparency into business operations, creating a significant cost reduction and improved time to market.
Vodafone’s challenge was to transform its massive purchasing operations and adapt back-end processes to match changing business demands. With the goal of increasing the number of “perfect purchase orders” and achieving business excellence, Vodafone used Celonis Process Mining to explore massive amounts of data to reconstruct what actually happens in business processes, spot inefficiencies and suggest improvements automatically.
“Many organizations operate in the dark when it comes to business process efficiency because they have no way to see if they’re wasting time, energy and resources with poorly executed processes, or if processes are actually running as designed,” said Alexander Rinke, co-CEO and co-founder of Celonis. “Process Mining provides the visibility companies need and our work with Vodafone shows how it can help an organization truly understand their supply chain so decision makers can pinpoint inefficiencies and fine-tune operations. We’re extremely proud that we’ve been able to help Vodafone build on its world-class supply chain operation and that the exceptional work they’ve done is being recognized by a leading industry voice like Supply & Demand Chain Executive.”
The SDCE 100 is an annual list of 100 great supply chain projects. The projects honored can serve as a map for supply chain executives who are looking for new opportunities to drive improvement in their own operations. The projects show how supply chain solutions and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.
“Our goal with 2017’s Top 100 is to shine the spotlight on successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the supply chain,” says Ronnie Garrett, editor of Supply & Demand Chain Executive. “The selected projects can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations. We congratulate all of our winners for a job well done!”
Celonis is the big data analytics company for business leaders who won’t settle for the status quo. Its enterprise-proven process mining software applies machine learning across all company data to provide full, unbiased visibility into all IT-supported business processes, uncover hidden problems, and give prescriptive recommendations on how to resolve them quickly. Enterprises of all sizes – including companies such as GM, GE, Siemens, Bayer, and Vodafone – trust Celonis to act as an automated advisor and provide transparency into their operations. Backed by leading investors including Accel Partners and 83North (formerly Greylock IL), Celonis is based in Munich, Germany with its U.S. Headquarters in New York City. For more information, visit www.celonis.com or follow @Celonis.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us on the web at www.SDCExec.com.
Celonis will participate at SAPPHIRE NOW® and ASUG Annual Conference being held May 16-18 at the Orange County Convention Center in Orlando, Florida. At the event, Celonis will demo its Process Mining software and will host a series of one-on-one sessions with several customers, including Dow Chemical, Vodafone, AkzoNobel and Acea.
Customers running SAP software have been seeking a better way to identify and fix inefficiencies in their business processes while uncovering their root causes. With SAP Process Mining by Celonis, they can now automatically visualize and understand the actual business-process flows based on the data created by their SAP systems. Its highly efficient algorithms discover variations of processes in real time by analyzing vast amounts of data leveraging the SAP HANA® platform.
Throughout SAPPHIRE NOW and ASUG Annual Conference, Celonis will offer specific SAP Process Mining demos for procurement, accounting, sales and supply chain processes. In addition, Celonis will host one-on-one sessions with several customers, including Dow Chemical, Vodafone, AkzoNobel and Acea.
Celonis will also hold a drawing at their SAPPHIRE NOW Booth #476 for a new Harley-Davidson motorcycle. SAPPHIRE NOW attendees should register for the drawing at the Celonis booth.
Lastly, Celonis executives and customers will participate in a variety of speaking engagements, panels and customer roundtables at the event.
“We are thrilled to participate at SAPPHIRE NOW to introduce more customers to the profound benefits of process mining,” said Celonis co-founder and co-CEO Alex Rinke. “Our current customers rely on our solution to improve margins, business agility and customer service while reducing operational costs by 30%. These users benefit from having an unbiased view into all business processes to uncover hidden problems and fix them in real time with prescriptive recommendations.”
SAPPHIRE NOW and ASUG Annual Conference are the world’s premier business technology event and largest SAP customer-run conference, offering attendees the opportunity to learn and network with customers, SAP executives, partners and experts across the entire SAP ecosystem.
Celonis today announced that it is presenting and exhibiting at Shared Services & Outsourcing Week (SSOW), taking place March 6-9, 2017 in Orlando, Florida. During the event, Marc Kinast, Director of Business Development at Celonis, will deliver a presentation titled, “The New Standard in Data Analytics for your SSC: Process Mining.” In addition, Kinast and the Celoinis team will be available at booths 616 and 618 to provide live demonstrations of the company’s technology, which can reduce operational costs by 30 percent.
Today, service leaders find themselves moving into unchartered territory – where automation and analytics are seen as essential to add value. In order to succeed in today’s digital age, its imperative that decision makers in the outsourcing industry understand the massive amounts of data now available to them and how they can use that data through analytics technologies such as Process Mining.
Kinast’s presentation, at 1:10pm on Wednesday, March 8, will discuss how Process Mining is helping enterprises streamline their business processes. His session will show attendees how Celonis’s technology uses the digital footprint left behind by existing IT systems to provide complete transparency into the ways processes are occurring in real life. In addition to teaching attendees how their organizations can benefit from Process Mining, Kinast will delve into examples of how leading organizations around the world are already benefiting from the technology. He’ll explain how companies such as Siemens, GE and Nestle are using Process Mining to transform their organization by increasing automation, enabling leaner processes and empowering faster operations, allowing them to lead the digital transformation.
Shared Services & Outsourcing Week has established a reputation as THE conference for companies within the SSC, BPO and GBS market looking to meet and discuss ideas that will influence the direction of their companies. For more information on the event, visit www.sharedservicesweek.com. For more information on Celonis and its Process Mining technology, stop by booths 616 or 618 on the SSOW show floor.
Today Celonis, the leading provider of a new category of big data analytics technology dubbed Process Mining, announces a $27.5 million Series A investment led by Accel and 83North (formerly Greylock IL). Celonis will use the funds to accelerate the global adoption of its solution, which aims to help organisations of all sizes improve their operational efficiency by 20-30%.
Over the years, the complex world of enterprise processes has become more and more difficult to navigate, and the efficiency of many companies’ key business processes has suffered as a result. Because of this, crucial process weak spots can easily be missed, ultimately at significant cost to a business.
Celonis’ Process Mining big data technology automatically analyses enterprise event data to bring end-to-end transparency and efficiency to these business-critical processes. The technology provides full insight into how a company’s business processes are being executed, uncovering cost-drivers and hidden weak spots. Delivering these insights in real time means that companies no longer lose time searching for root causes, and can instead focus on implementing measures to increase their operational efficiency and bottom line. The technology can be easily implemented for any digitized processes, and is already in use by over 200 customers across 15 different industries.
Celonis was founded in 2011 by three former students of the Technical University of Munich, Alexander Rinke, Bastian Nominacher, and Martin Klenk, and was bootstrapped through strong customer demand. The company’s clients span 25 countries and include global Fortune 500 companies such as Siemens, KPMG, Deloitte, Bayer, Vodafone, as well as a wide range of medium-sized companies.
“Everything about Celonis thrilled us,” said Laurel Bowden, Partner at 83North. “Celonis offers an outstanding product that finally delivers a ‘true and holistic view’ of how organizations create value. By that it goes way beyond what traditional analytics could ever accomplish. Its benefits are clearly and quickly understood by customers and can be easily translated into business and bottom line benefits. The market is enormous. All enterprises, large and small, could use Celonis. We are just at the beginning of seeing process mining use-cases.”
Harry Nelis, Partner at Accel, said: “We are excited to partner with the Celonis team and to help them achieve their mission of taking the Process Mining category worldwide. Alex, Bastian and Martin have built a high-growth and profitable company straight out of university, and already serve a long list of large multinational customers, all without raising any external funding to date. We look forward to helping them reach their next stage of growth, particularly in the US market.”
In 2015, Celonis signed a global reseller agreement with SAP, for whom Process Mining has played a pivotal role alongside its new in-memory database, SAP HANA. Later in the year, Celonis was named Germany’s fastest-growing technology company in the Deloitte Fast50 Awards, following a four-year revenue growth of 3,951%.
“With Accel and 83North, we’re honoured to have two partners on our side who are experienced with tech companies and the challenges of scaling globally,” said Alexander Rinke, Co-Founder and Co-CEO of Celonis. “Not only will this funding give us more flexibility to plan and execute our growth strategy, but both investors can support us with valuable practical experience, infrastructure and strategically-important contacts.”
The funding will be mainly used to boost go-to-market operations, improve technology, and further global expansion. Rinke, who was recently listed in Forbes’ 30-under-30 list, added: “Our goal is to create a new category in the analytics space and bring Process Mining technology to customers all over the world. The partnership with Accel and 83North is a crucial milestone in our journey.”
Celonis and its customer, Siemens, have won a SAP HANA Innovation Award 2016. The companies’ joint project received the “honorable mention” in the “Process Simplifier” category. The award, given to pioneering solutions based on SAP HANA, was awarded on May 16 at the opening ceremonies of SAPPHIRE NOW in Orlando, Florida. Overall, more than 100 companies from around the globe and working in a wide range of sectors submitted their projects for consideration. Celonis and Siemens impressed the jury made up of customers, SAP expert, and analysts with the project’s particular combination of innovation and successful implementation.
Siemens’ global IT infrastructure includes more than 70 SAP ERP systems and is supported by one of the largest SAP HANA installations in the world. Siemens combines the strengths of SAP’s in-memory platform with Celonis Process Mining to obtain full insight into how processes actually run in the real world. “As part of the digital revolution, lean processes provide a major competitive advantage. Thanks to Celonis’ Process Mining Solution, we are able to achieve increasingly complete transparency in the process sequences, identify complexities and specifically optimize business processes,” explains Dr. Lars Reinkemeyer, Head of Global Process Mining Services at Siemens IT. The Process Mining Community at Siemens has quickly grown to include more than 1,000 users. The solution is used globally in order to increase transparency and efficiency, for example in purchasing and sales, supply chain management and financial processes.
SAP has been distributing Celonis’ process mining technology since last year as part of a global partnership. Celonis is also a member of the SAP Startup Focus Program, which has supported start-ups in the development of new applications for the SAP HANA platform since 2012. Celonis was already awarded the SAP HANA Innovation Award at SAPPHIRE NOW 2015 in the “Most Transformative” category. “We are very pleased that we can accept this outstanding award for the second time,” says Bastian Nominacher, Co-CEO and co-founder of Celonis. “This clearly demonstrates the enormous potential our process mining technology offers large companies.”