Optimized financial processes for the food industry
Optimize your working capital and increase efficiency and productivity
In the current Covid-19 pandemic, it has become more essential than ever for companies in the food industry to have complete transparency about their financial processes. Daily control of your cash flow , automatic detection of payment deviations, proactive intervention in the processes and KPI-driven control options give you the decisive competitive advantage.
According to PYMINTS and Hackett, $ 358 billion a year is lost worldwide due to non-optimized payment behavior . Most of those responsible are never fully aware of the enormous potential for savings in the finance departments - until they start working with Celonis.
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
annual savings in the form of additional discounts by optimizing payment times
perfect POs (previously 73%) and 85% automated invoices
We'd be happy to show you more!
Request a Demo
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.
Demo Finance
Watch the demo: On-Time Payments
See in this 3-minute demo as Celonis can help accounts payable to ensure that payments precisely done so that working capital can be released.
