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Optimized financial processes for the food industry

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Optimize your working capital and increase efficiency and productivity

Inย the current Covid-19 pandemic, it has become more essential than everย forย companies in the food industryย to haveย complete transparency about their financialย processes.ย Daily control of yourย cash flowย , automatic detection of payment deviations, proactive intervention in the processes and KPI-drivenย controlย optionsย give you the decisive competitive advantage.

According to PYMINTS and Hackett,ย $ 358 billion a yearย is lostย worldwideย due to non-optimized paymentย behaviorย .ย Most of those responsible are never fully aware of the enormous potential for savings in the finance departments - until they start working with Celonis.

Future of Finance
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How can Celonis help you achieve your goals?

Optimization of Working Capital

  • Optimizing timely payments
  • Optimization of timely claims
  • Cash discount maximization
  • Minimizing late payment penalties
  • Reduce receipt disputes

Digitization of Processes

  • Elimination of manual rework
  • Increase in automation rates
  • Eliminate duplication of work with multiple applications
  • Acceleration of valid change requests
  • Reduction of lead times
  • Optimization of the 3-way match rate
  • Improvement in adherence to deadlines
  • Consolidation of expenses

Minimizing Risk

  • Reduction of the time-to-report
  • Maximizing the success rate of audit items
  • Avoiding Maverick Buying
  • Reduction of manual overwrites
  • Continuous monitoring of process conformity
  • Early detection of fraudulent behavior

Smooth financial processes create added value

$44 million

image (18) annual savings in the form of additional discounts by optimizing payment times

96%

1024px-Vodafone 2017 logo.svg perfect POs (previously 73%) and 85% automated invoices

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We'd be happy to show you more!

Arrange a demo with our experts and you will see how our process mining, AI and automation solutions can help your teams to make your company even more efficient and to improve business operations.

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Demo Finance

Watch the demo: On-Time Payments

See in this 3-minute demo as Celonis can help accounts payable to ensure that paymentsย preciselyย done so that working capital can be released.

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