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Process Mining
Achieving Working Capital performance with digital transparency
In the current business scenario, managing cash is becoming a priority for organisations. In the complex process landscape of modern companies, it is becoming increasingly difficult to reveal process inefficiencies and pinpoint areas that sub-optimally tie-up cash.
Process mining technology serves as a bottom-up analysis for existing processes at pace, which allows to identify and implement possibilities for improvement.
What is Process Mining
Process Mining technology optimises business outcomes and drives value by improving efficiency, effectiveness and productivity of operations
The technology methodically draws data from key operating systems of an organisation and reveals the actual process flow. It highlights the deviations from the target operating model, areas of process friction, quantifies improvement opportunities and suggests recovery methods.
Benefits of Process Mining
Process mining is a cutting edge technology positioned to create complete process transparency. It enables companies to zero-in on process friction points allowing quick recovery action. If implemented correctly to processes that impact working capital, this technology will help in reducing the cash conversion cycle leading to lower cost of operations and more cash for organisations.
Create transparency & evaluate quality
- Visualization of the actual as-is process including all activities
Evaluation of the effectiveness and quality of the overall process
Plausibility check of standard deviations
Analyze sub-processes, repetitions & deviations
- “Drill down” on sub-processes, loops and deviations
- Localisation of error patterns
- Investigation of identified error patterns’ root-causes
Identify and quantify the error sources
Identification and grouping of error sources
Case specific quantification of process errors
- Preparation of Process Mining Analysis results
How we can help
Together with industry experts, we can work with you to implement Process Mining in your organization. We have the capabilities to assist you in designing bespoke Process Mining solutions and a successful rollout. As an independent advisor, we look at Process Mining in the context of broader business objectives such as sustainably releasing trapped cash and reducing cost
We follow a methodical approach for seamless Process Mining implementation, and more :
Process Mining implementation may lead to operational improvement programs. With our industry expertise and deep experience in working capital management and the underlying operations, we can work closely with our clients for end to end implementation to deliver value.
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