PO changes result in early payments: Process Mining can help identify the patterns and causes of PO changes that result in early payments. It can analyze the PO change requests, the approval processes, and the payment processes to identify bottlenecks, delays, or errors that lead to early payments. With this insight, process improvement teams can optimize the PO change process, improve communication and collaboration between departments, and establish more effective controls to prevent early payments.
Cash discounts vs payment time: Process Mining can help analyze the payment processes to identify the reasons for delays in payment and the impact of cash discounts on payment time. It can reveal the root causes of late payments, such as manual approval processes, missing documents, or incorrect invoice data. With this insight, process improvement teams can streamline the payment processes, automate approvals, and improve communication with suppliers to take advantage of cash discounts while ensuring timely payments.
Delivery blocks for EDI Orders: Process Mining can analyze the order-to-delivery process to identify the causes of delivery blocks for EDI orders. It can identify bottlenecks, errors, or missing data that result in delivery blocks and help optimize the process to prevent them from occurring. For instance, it can reveal the causes of discrepancies between orders and deliveries, missing or incorrect product data, or communication errors with suppliers.
Maverick buying: Process Mining can help identify instances of maverick buying and analyse the procurement process to identify the root causes. It can reveal instances where employees deviate from approved procurement channels, purchase from non-approved suppliers, or negotiate their own terms. With this insight, process improvement teams can establish better controls and communication channels to prevent maverick buying and ensure compliance with procurement policies.
Duplicate invoices: Process Mining can help identify instances of duplicate invoices and analyse the accounts payable process to identify the root causes. It can reveal instances where invoices are submitted multiple times, processed manually, or with missing data. With this insight, process improvement teams can automate the invoice processing, establish better controls, and improve communication with suppliers to prevent duplicate invoices, improve working capital, and reduce compliance risks.
