Industry-leading process mining and execution management pioneer honored for its exceptional technology partnership with one of the world’s leading financial institutions
NEW YORK and MUNICH, September 21, 2022 ‒ Celonis, the global leader in execution management, today announced that Morgan Stanley has recognized the company as one of its exceptional technology partners with the prestigious CTO Innovation Award at its 20th Innovation Summit in Palo Alto, California. Celonis received the award for its market leading process mining and execution management technology which helps Morgan Stanley find and fix hidden business process inefficiencies.
“Celonis is critical to understanding how our business processes operate and using that insight to drive effectiveness and efficiency improvements,” said Sean Reilley, managing director, head of process optimization at Morgan Stanley. “Its impact on streamlining our business operations processes is why we are scaling their innovation across the firm.”
Morgan Stanley’s Innovation Summit is an annual forum that unites technology and business leaders from the firm, its vendor ecosystem, and promising startups to discuss innovation, future products, and partnership opportunities. The Innovation Awards honor innovative technology solutions that materially contribute to Morgan Stanley’s technology platform.
“The ability to reveal and fix hidden inefficiencies in any business process is key to eliminating millions in corporate performance shortcomings, providing better customer experiences and improving an organization’s green line,” said Alex Rinke, co-founder and co-CEO, Celonis. “We’re honored to be recognized by Morgan Stanley for our innovative contributions to improving the processes that run our world.”
In August, Celonis announced it secured an additional $1 billion in funds to accelerate its unique position to help customers thrive in challenging economic environments. The company also earned the No. 11 spot on Forbes’ annual Cloud 100 list for 2022, the definitive ranking of the top 100 private cloud companies in the world.