PCR Tech and IT retail, distribution and vendor news
Celonis has launched a new set of execution apps and platform enhancements geared to eliminate billions of dollars in corporate inefficiencies.
The new platform innovations help companies mine process data that proliferates across multiple systems, apps, devices, and machines. The Celonis Execution Apps then immediately begin to apply intelligence to this data, and embed it into core business operations.
“Ninety-nine percent of success in business is good execution, which is all about your processes,” said Alex Rinke, co-CEO and co-founder of Celonis. “After years of working to improve processes, we have figured out how to use all of the process data to drive intelligent execution in real time. Companies that infuse data in every single action are able to eliminate billions of dollars in corporate inefficiencies, provide a better customer experience, and consume fewer resources. They are unstoppable.”
Companies worldwide are reporting material results using Celonis:
- Splunk optimised revenue and contract decisions for deals worth $250 million in total contract value (TCV) and helped boost top-line revenue on new deals using Celonis.
- One of the world’s largest, US-based medical device companies saw its free cash flow improve by $1.3 billion, as compared to the prior year, by leveraging lean techniques and technologies, including the Celonis system.
- One of the world’s top 20 banks reported that it partnered with Celonis to help with its process engineering target of delivering over 60 million euros in cost efficiencies by 2022, from only 40 processes.
- A Fortune 1000 manufacturer of industrial machinery reported that they partnered with Celonis to apply process mining to identify and eliminate waste, which drove up their margins significantly, including $11 million in savings in 2020 and a target of $14 million in 2021.
Celonis recently released the 2021 State of Business Execution Benchmark Report which validated the financial benefits of applying data and intelligence to business execution. The benchmark reported that data-driven execution can free up as much as $567 million in working capital and $105 million in cost savings for the average $5 billion dollar revenue company.
“The Celonis Procurement Execution App is helping us to become a data-driven procurement organisation, a central hub for insights and enabling us to fulfill our vision to be the co-pilot for the entire organisation,” said Alejandro Basterrechea, Head of Procurement Excellence at Zalando SE.
For RATIONAL AG, a global appliance manufacturer, the Order Management Execution App has become a core part of its day-to-day operations. “It offers everything we need for our daily work and we don’t need to sign into our transaction systems anymore,” said Martina Biegler, Director of Global Customer Operations at RATIONAL. “The Celonis Execution Management System is a great accelerator for our digital transformation.”
Read the latest edition of PCR’s monthly magazine below:
Like this content? Sign up for the free PCR Daily Digest email service to get the latest tech news straight to your inbox. You can also follow PCR on Twitter and Facebook.
