May 03
3:00 pm

Do you really master
your business processes?
Rewrite your
value creation story!

Working Capital
Cash Flow
Revenue
DSO / DPO
% Overdue accounts payable/receivable
Late Payments
Touchless Invoices

THIS WEBINAR IS ALREADY OVER

No problem: You can view past webinars in our Webinar Channel
VISIT PROCESS MINING CHANNEL

You don't want to miss news and events anymore?
Then sign up for our free newsletter.

ValueStory Finance&Controlling: Data-driven value creation thanks to Active Process Intelligence

3 May, 20223:00pm CEST1 hour
A smoothly functioning value chain is the basis for outstanding customer service, competitive advantages and profitability. Therefore, it is worthwhile to honestly answer the question "Do you really have your business processes under control?" In the course of digitization, processes in one's own business unit must be put to the test and continuously analyzed and optimized with regard to the criteria of costs, quality, time, efficiency and volume. For this purpose, information must be permanently available and, thanks to current real-time data, support the immediate and automated implementation of measures. We refer to this as Active Process Intelligence.

In the ValueStory webinar with the focus topic Finance&Controlling, you will learn which unique added values Active Process Intelligence delivers in the finance and controlling area. Immerse yourself in the ValueStories of other companies and take the first important step for your own project "Reshaping Value Creation".

 

Scroll down to learn more ↴

Efficiency increase for
> 97% of incoming invoices

A leading German outdoor advertiser achieved efficiency improvements in over 97% of its incoming invoices through Active Process Intelligence.

Minimization of the
DSO by 80%

A mid-sized healtcare provider was able to minimize DSO by 80% by reducing late invoicing.

Active Process Intelligence for Finance & Controlling

Intelligent Value Creation with Process Mining

Accounts payable and invoice receipt, invoice-to-cash, working capital management as well as internal audit and treasury – to name just a few important ones – are value-adding processes/disciplines from the finance and controlling area in which high optimization potentials lie dormant. Unused cash discount opportunities, reminders from suppliers, inefficiently working subsidiaries, automated invoicing as well as avoidable capital commitment are problems and conditions that can be significantly improved by using intelligent real-time process analysis and optimization.

Thanks to Active Process Intelligence, a CFO or controller can, for example, identify – or be actively informed – whether a particular business unit or location is the reason for delays in the process and initiate targeted improvements there. In other words, the entire process can be monitored and measures can be taken. But even the sub-process of centrally processing incoming invoices (accounts payable) is a high-volume digital process that runs through many different IT systems and departments. For example, why are so many invoices cancelled or so many corrections made to invoices after they have been approved? Why are invoices paid late, resulting in late charges and penalties?

Whether for the entire process or sub-processes, Active Process Intelligence creates an unprecedented, permanent level of information, optimization potential becomes visible, actions are taken or even initiated automatically, and tied-up chapter can be freed up.

Visit the ValueStory Live Webinar Finance&Controlling and benefit from:

BEST PRACTICE

Pre-built Best Practice Playbooks with Key Performance Indicators & Process Performance Indicators for Finance & Controlling.

EXPERIENCE

Learn about a wide variety of application scenarios and success stories. Gain insight into how hidden value creation potentials could be revealed.

KEY TECHNOLOGY

Experience the Active Process Intelligence platform with the key technology Process Mining live. Learn why Active Process Intelligence is more than just a buzzword.

Commerzbank
Process management

Corporate Lean Six-Sigma department uses MPM to quickly analyze and identify process improvements.

E.ON (Energy)
Internal Audit / Compliance

Automated analyses of as-is processes for critical process sequences (e.g. changes to bank accounts before and after payments, goods receipt entries after invoice entry or functional separation conflicts).

MIBA (Industriemaschinen)
Accounts Payable, Purchase-to-Pay, Order to delivery

Accounts Payable & Accounts Receivable in order to tackle renown obstacles withing coorporations eg. Maverick Buying, Days of sales outstanding etc.

STRÖER (Medien / Werbung)
Accounts Payable / Purchase-to-Pay

Very short Time to value with MPM. Project consucted withing 3 weeks.

Register free of charge and learn about the ValueStories of other companies

Take the chance to get smart for free and experience the Active Process Intelligence platform live
Get a space now

What is Active Process Intelligence all about?

The demands of the digital economy have turned our ideas of modern BI and Process Mining analyses upside down. The goal of the paradigm shift toward active intelligence is to compensate for the deficits of traditional, passive business analyses. Instead, information should be permanently available and, thanks to up-to-date real-time data, support the immediate implementation of measures along the entire value chain. We refer to this as Active Process Intelligence.

DEFINITION

By Active Process Intelligence we mean a permanently high level of information, where technology and processes based on current real-time data help to initiate measures immediately and automatically.

Intelligent data analytics pipelines

Traditional analytics use disparate solutions for collection, integration, delivery, analysis, collaboration, and storytelling. There is no unified pipeline for these. Active Process Intelligence bridges the gaps between these disparate components and creates a multi-directional channel for continuous enterprise-wide data and information flow. Thanks to this intelligent data analysis pipeline, users have instant access to cutting-edge information.

  • Combine data from disparate sources
  • Automatically transfer and transform data
  • Trace data

Provide up-to-date information in real time

Active Process Intelligence provides up-to-date information when it matters: right now. Whether automated metrics and results are driven from dashboards or embedded directly into machine processes, Active Process Intelligence combines "data at rest" with "data in motion". Changes in data are reflected immediately and users are always aware of current business trends.

  • Information available everywhere and at any time
  • Augmented analytics with AI and machine learning
  • Collaboration along the entire pipeline

Trigger measures immediately

Traditional analysis was intended to inform users and, as a result, could be used to guide action. It was not intended to prompt action or even trigger action on its own. As the name implies, "Active Process Intelligence" is about both informed decision-making and actively implementing or triggering specific actions.

  • Dynamic alerting and triggering of events
  • Notification of users
  • Coordinated actions

EXAMPLE

Fraud detection and prevention | The rise of fraudulent financial manipulation requires an Active Intelligence-based approach. This active approach benefits the entire industry in many ways: Anomalies can be detected by monitoring ongoing transactions. Employees can be alerted or transactions blocked while they are still being executed.

Recognize trends, correlations and changes in the business and the market and react to them immediately.

Redesign strategies, processes and products to meet the demands of the digital world in the blink of an eye.

Foster collaboration and close the historical divide between data producers and users.

Improve business results by increasing agility and efficiency across all areas.

Create trust through traceability of the findings and measures implemented.

"MPM fulfilled our requirements in terms of real-time data processing, high user-friendliness, efficiency, intelligent analysis mechanisms, ready-to-use business content as well as flexibility and price-performance and, last but not least, convinced us with its excellent visualization and performance features."

Wolfgang Lottes | Vice President Audit Governance & ICS | E.ON SE

Learn more about Active Process Intelligence in the live webinar

Register now

More webinars in this series >>>

To the complete overview

Production & SCM
ValueStory webinar

__________________________

Learn how you can holistically optimize the balancing act between individual customer requirements and fast delivery times as part of your production processes, as well as gain insights into how well your own logistics and supply chain works – from order entry through the entire process chain to freight delivery.

May 04 | 3:00 pm | More details ↴

Sales & Aftersales
ValueStory webinar

__________________________

Customer satisfaction is the success factor par excellence – which is why there are also a number of challenges to be mastered in everyday sales. Follow live in the webinar how the different, IT-supported work steps in the sales process are made tangible from the order to the payment and thus optimization potentials are made visible.

May 05 | 3:00 pm | More details ↴