Accenture is their own best reference case when it comes to Purchase-to-Pay optimization. Their internal Procurement Plus team is using Celonis and the Accounts Payable execution app to transform their P2P process, delivering $35M annualized working capital benefits and reducing the request cycle time for orders by two whole days, globally — and that’s just the beginning.
Accenture needs no introduction. The globally-renowned professional services company has more than 624,000 employees working for over 75% of the Fortune 500 and generates revenues of more than $50 billion a year.
Their internal Procurement function — called Procurement Plus — includes the whole Purchase-to-Pay value chain, from Procurement to Accounts Payable. Their goal is not only to enable the business by covering all the transactional aspects of Procurement quickly and efficiently, but to do so while driving innovation and responsible buying. 360-degree relationships with their suppliers are paramount, as is staying true to Accenture's brand value and market reputation with every transaction.
“The ‘Plus’ is really to highlight that the function I'm running goes beyond a traditional, operational Procurement function, because the Procurement function of the future is a network relationship organization. But as a Chief Procurement Officer, I am also responsible for the ‘hygiene’ side of the house,” notes Kai Nowosel, Accenture’s CPO, referring to procurement’s traditional areas of responsibility — the ‘buy’, ‘supply’ and ‘pay’. “So technologies like Celonis are there to make the transactional side as efficient, as transparent, and as predictable as possible so that I can invest in the relationship side.”