How to increase your process efficiency with PAFnow Process Mining for ‘Procure to Pay’ and ‘Order to Cash’
Introduction to PAFnow for P2P/O2C
Darmstadt, Germany, Ann Arbor, MI - February 16, 2021 - The Process Analytics Factory (PAF) leading vendor for Process Mining in Microsoft Power BI addresses common questions of companies looking to improve their most vital processes with Process Mining.
Daniel Hughes and Robert Connolly will show how Process Mining helps companies to
- Stop discount losses and reduce maverick buying in their P2P process
- Improve the cash flow in their O2C process
„P2P and O2C processes can make or break the success of a company in the long run,“ says Daniel Hughes Director - North American Go To Market of PAF. „The effectiveness of the O2C process is the means by which a company converts a product or service into money while the P2P process is at the heart of resource management - both financial and material. Both processes span various departments and involve a huge number of people in micro-processes. That complexity makes them prone to errors and at the same time difficult to analyze. Which makes them the perfect candidate for Process Mining.“
Process Mining uses data from IT systems such as SAP or other ERP systems to visualize the process from end-to-end including all deviations, outliers, bottlenecks, and exceptions while the included root cause analysis finds the reasons for process problems and AI tracks important KPIs.
„PAFnow P2P and O2C Content Packs are accelerators for companies who want to improve their processes fast, efficiently and reliably. They are the easiest entry to Process Mining and act as a GPS on any company’s process roadmap. The solution is unique in the way that it’s embedded into Power BI and the Power Platform which makes it a true end-to-end solution with data source connectors to get the data inside PAFnow and action connectors to transform insights into direct improvement measures,“ adds Daniel Hughes.
Join the webinars to learn how to increase your process efficiency with PAFnow for ‘Procure to Pay’ and ‘Order to Cash’.
Webinar “Process Mining and P2P in Power BI”, Thursday, 4 March 2021
The procure to pay cycle includes all activities in the procurement to pay process flow. Starting from the creation of the purchase order, to goods receipt and receipt of the invoice, to the verification, to posting and payment of the supplier invoices.
- Stop discount losses
- Reduce maverick buying
Webinar “Process Mining and O2C in Power BI”, Wednesday, 17 March 2021
The order to cash process includes all activities related to order management. Starting from the creation of the customer order, to order processing, to goods delivery and invoicing, to receipt of payment.
- Improve cash flow