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ALSO goes live with AI-enhanced Celonis Execution Application for Accounts Payable - Seite 3

ALSO is deploying the Celonis Accounts Payable app for specific use cases to automate and optimize its SAP-based processes, which have been jointly developed by ALSO and Celonis experts. For example, Celonis automatically analyzes all the invoices due, compares the due date and the next payment run, and flags invoices to be paid in time to qualify for any discount. Another action is to optimize the payment date of invoices: they are still paid on time but paying a week earlier than necessary reduces working capital potentially available for other business opportunities. For companies operating on very tight margins, both approaches offer significant advantages and provide valuable cash-at-hand liquidity.

Hala Zeine, Chief Product Officer at Celonis, commented: "ALSO's ambitions to achieve process excellence are a perfect match for Celonis' new Accounts Payable Execution Application, with each optimization recommendation by the app impacting the bottom line in an immediate and purpose-driven way. And this applies to any other business environment where there is a high volume of purchases from suppliers. Typically, automation in Accounts Payable teams lacks the granularity necessary to remove execution gaps. The systems in place just cannot see the interdependencies with enough detail to spot problems ahead, let alone recommend ways to avoid them. Celonis' new Execution App for Accounts Payable sees the interdependencies, automates smarter actions, or recommends manual intervention when that's the best way to optimize cash flow. This is a great example of what we mean when we talk about closing execution gaps."

Direct link to media release: https://www2.also.com/press/20201020en.pdf

Contact person ALSO Holding AG:
Beate Flamm
Senior Vice President Communication
Telefon: [phone]
E-Mail: [e-mail]

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 660 vendors of hardware, software and IT-services access to over 110 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 23 European countries and generates total net sales of approximately 10.7 billion euros with around 4 000 employees in the fiscal year 2019. The principal shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at https://also.com