Celonis Launches New Inflation-Fighting Accounts Receivable Apps to Boost Working Capital and Reduce Costs

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NEW YORK and MUNICH, November 9, 2022 - CELOSPHERE 2022 - Celonis, the global leader in execution management, today unveiled a new set of Celonis execution management applications for collections management, credit management, and dispute management.

These apps are designed to optimize Accounts Receivable (A/R) and to specifically help companies boost their working capital and reduce costs. They will help customers combat the pressures of inflation, cash preservation, and working capital reduction. By discovering hidden process inefficiencies in all areas of Accounts Receivable customers can discover new opportunities for cash and time savings.

These new Celonis applications were developed in conjunction with acquired technology from Sailfin. These new solutions combine Celonis’ market-leading process mining and execution management technology with Sailfin’s technology and expertise to give customers innovative, secure and powerful solutions to accelerate cash conversion while reducing operating costs.

The new Celonis Accounts Receivable apps help businesses:

  • Manage Data Complexity: Celonis provides companies with a single source of relevant customer, balance, contract, and process data, eliminating source-system fragmentation by integrating data at scale and in real-time across transactional and analytical systems.
  • Reduce Reactive Decision-Making: Celonis equips A/R teams with intelligent prioritization that accounts for risk factors along with an assessment of customers and balances. Data-driven insights help collectors cut through the noise, reduce their reliance on gut-instinct and systematically pursue the most impactful actions, thus improving working capital.
  • Eliminate Recurring Manual Work: Celonis helps streamline and automate collections, dispute, and credit processes, giving teams time back. Common manual steps like dispute coding or credit approvals are simplified or automated. Team orchestration is streamlined across hierarchy levels; escalation decisions are guided by data and process intelligence.

The Celonis Execution Management System

Today’s business processes run inside a massively complex environment of hundreds of enterprise systems - some that are more than 30 years old. This creates a breeding ground for process problems that even the best-run companies cannot see. Celonis has spent more than a decade perfecting the science, methodologies, and technologies that identify and fix process inefficiencies hidden inside of ERP, SCM, and CRM systems.

Powered by its leading process mining technology, the Celonis Execution Management System (EMS) operates at a level above the underlying systems. The Celonis EMS uses real-time data from enterprise systems, desktops, devices, and third-party sources to “X-ray” processes. Celonis then applies intelligence to this data to identify the root cause of process problems, calculate the business impact, and confirm the fastest path to resolution. Then the Celonis EMS triggers real time automated actions to fix inefficiencies and optimize process performance. This provides companies a new and modern approach to running their businesses on intelligent processes.

Demo of Accounts Receivable Apps (YouTube)