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ALSO goes live with AI-enhanced Celonis Execution Application for Accounts Payable - Seite 2

Optimizing execution capacity, eliminating execution gaps

Most organizations suffer from under-performance in their execution capacity, the optimum level of performance they can achieve with available time and resources. This difference between optimal execution capacity and average achievement occurs because business processes are forced to run across rigid and fragmented IT landscapes, resulting in execution gaps - errors, inefficiencies, and delays that constrain performance.

Celonis' Execution Management System helps companies in every industry maximize execution capacity. The system leverages process mining technology to extract data in real-time from source systems and identify the most impactful execution gaps. Celonis Execution Applications are role-based apps for specific lines of business that apply machine learning and best-practice knowledge to recommend the right course of action to close gaps. They prioritize work by automating steps across systems and deploying the right people to remove gaps, according to strategic outcomes determined by business management.

A smarter way to approach Accounts Payable execution

At ALSO, the Celonis Execution Application for Accounts Payable enables finance leadership to plan, set and operate a strategy for the daily processing of invoices. Automatic prioritization of invoices and prescriptive guidance on the next best actions empower employees to achieve key business objectives.

The Application leverages Celonis' know-how from more than 2,000 deployments. It collects data from multiple systems that the accounts payable team works with and gives everyone a common baseline. The Celonis software is constantly on the look-out for potential issues and recommends ways to accelerate invoice processing. In addition, it enables ALSO's Accounts Payable team to work more productively and smartly by prioritizing payments instead of working through invoices in sequence and recommending actions according to business impact. By harmonizing strategy and execution as well as importing data from multiple systems to give everyone a common baseline, the entire finance team works off the same data and can make collective decisions.