Celonis for Finance Transformation

Optimize payment terms Purchase with the most favorable payment terms to ensure optimal payment time

Prevent early payments   Identify payment term mismatches in AP that unnecessarily drive down DPO

Accelerate AR collections Streamline and intelligently prioritize collections based on data-driven insights

Combat excess spend Eliminate contract leakage and analyze spend to create new contracts 

Prevent duplicate payments Examine historical & open invoices for similarities to identify and flag potential duplicates

Minimize bad debt expense Reduce bad debt by using real-time, data- driven credit limits to assess credit risk

Reduce PR-PO discrepancies Simplify procurement & detect discrepancies by matching against the master data

Cut down AP throughput time Streamline common AP actions - like GR follow up - that delay invoice processing

Shorten dispute cycle times Accelerate dispute discovery through data- driven identification of likely disputes