Celonis
Case Studies
Neste's Transformation: Halving Invoicing Lead Time with Celonis EMS
Overview
Neste's Transformation: Halving Invoicing Lead Time with Celonis EMSCelonis |
Sensors - Flow Meters Sensors - Liquid Detection Sensors | |
Oil & Gas Utilities | |
Time Sensitive Networking Track & Trace of Assets | |
Operational Impact
The implementation of Celonis EMS has not only improved Neste's order-to-cash process but also helped sustain those improvements. The solution provided Neste with the visibility needed to identify the key factors negatively impacting their invoicing lead times. It also helped standardize processes across its divisions by identifying and rallying behind the right KPIs. The daily management features of the Celonis EMS structured twice-weekly meetings and kept every team on track, ensuring the order-to-cash process was always on track. This has resulted in a significant improvement in the speed of its order-to-cash process and a positive impact on customer experience. | |
Quantitative Benefit
Reduced average invoicing lead time from 9.4 days to 4.2 days | |
Created an estimated monthly cash flow impact of 55 million euros | |
Achieved these improvements in just six months | |