Competitive Landscape & Celonis Basics | Process/Use Case Basics | Customer Stories | Persona Knowledge | Random Celonis Facts |
---|---|---|---|---|
What is an ERP?
This is software that manages and integrates core business processes a company needs to function through a single system.
|
What is P2P or procure to pay?
The process of buying indirect or direct goods for your organization and paying for the goods.
|
What is Siemens?
This customer saved $10M in one year by increasing automation rate by 24% and decreasing rework rate by 11%.
|
What is a supply chain leader?
I care about ensuring strong on-time delivery and customer satisfaction rates for my customers.
|
What is 2,000+?
This is the number of customer deployments Celonis has done over the years.
|
What is an event log?
Timestamp, name, and unique case ID make up the components of this term.
|
What is Order to Cash?
Unnecessary delivery blocks, incomplete deliveries, and an inability to see patterns of late payments and specific problem customers are examples of inefficiencies in this process.
|
What is Uber?
This customer processes over 57M in service requests per day and with Celonis they were able to streamline processes globally, saving $20M annually by minimizing resolution times and ultimately improving customer satisfaction.
|
What is an AP manager?
I am in charge of ensuring to pay invoices at the most optimal time. Not too late and not too early. I want to take advantage of cash discounts.
|
What is a project in their university?
The way that Alex, Basti, and Martin started the company Celonis together.
|
What is a CRM?
Salesforce is an example of this market-leading software.
|
What is maverick buying?
The risk and compliance pain point procurement organizations deal with when employees are going around the process and purchasing goods without approval or documentation.
|
What is General Electric (GE)?
This large and well known company discovered $2.61M in lost cash discounts and $5.78M in past due penalties using Celonis.
|
What is a CFO or VP of Finance?
I am in charge of making sure that my team has as much cash on hand as possible and mitigates risk.
|
What is 1,800+?
The number of employees at Celonis (give or take).
|
What is UiPath?
This RPA vendor recently bought their own process mining solution, Process Gold, in attempt to compete with Celonis offerings.
|
What is Days Payable Outstanding?
The ratio that measures the average number of days it takes for you to pay your suppliers.
|
What is Lockheed Martin?
This enterprise was told by the U.S. Department of Defence that they needed to find a way to lower supply chain costs in order to reduce the $1.1 Trillion budget for the F-35 jet or else the DOD would be forced to cut their purchases of jets by a third. They used process mining to identify areas in production where they could cut costs.
|
What is an AR leader?
My main goals are to invoice accurately and timely to minimize payment delays and ensure early cash collection/optimal DSO. I really am looking to increase automation rates in my process as well.
|
Who is Ryan Smith?
I am one of our investors. I own the Utah Jazz and a company called Qualtrics.
|
What is a BI tool?
Tableau, Microsoft PowerBI, Qlik are examples of this type of software.
|
What is Order to Cash?
The happy path steps to this process are - create order, confirm order, create shipping, send goods, send invoice, and receive payment
|
What is Vodafone?
This customer had a perfect PO initiaitve and wanted to have each PO require only one touch. They started out at 73% perfect PO rate and had a goal of reaching 80%. In 6 months, they got this to 85% and now they are at 92% perfect PO rate (touchless).
|
What is a shared services leader?
I oversee multiple different processes and I am looking to standardize across multiple processes, benchmark regions against one another, and reduce rework. I am also looking to speed up cycle times and harmonize processes!!!
|
What is $11B
This is the current valuation of Celonis after raising $1B in Series D funding.
|