For Finance leaders, accelerating operational performance is a critical responsibility. In fact, 73% of CFOs say Performance Management is their top priority. In the age of AI and digital transformation, leaders know that technology is key — and yet, only 5% say they're seeing a substantial ROI from digitization and automation efforts.
Process Mining offers a new approach by empowering you with the tools to pinpoint and purge friction in your processes like never before.
These are some of the high-value initiatives that Finance organizations are accelerating with Process Mining:
With Celonis, ABB gained unprecedented insight into their Purchase-to-Pay process, and saw that they were paying suppliers earlier than payment terms required and supplieres were making deliveries too early. See how they used these insights to increase on-time payments and remove other types of friction from Finance processes.
“When we started using Celonis, we were seeking to understand the health of our processes and gain insights around bottlenecks and opportunities with Order to Cash, Accounts Receivable and Accounts Payable processes. Rather than simple dashboards and metrics, Celonis provides visibility to the underlying drivers of those metrics, enabling insights to areas of friction.”
See Frictionless Finance in action in this 3-minute demo showing how Celonis can help Accounts Payable ensure that payments are made exactly on time to free up working capital.
Take this 3-minute quiz to determine the most impactful process improvements you need to make to achieve Frictionless Finance.