Payment Terms Harmonizer app - object-centric
The Payment Terms Harmonizer app for the Procurement process gives category managers visibility of the payment terms for all their suppliers on one platform. You can identify suppliers with suboptimal payment terms and leverage multiple data points to optimize your negotiation strategies.
With the Payment Terms Harmonizer app, you can:
Get a consolidated view of all payment terms across multiple organizations and systems for all suppliers.
Take data-driven action on the opportunities with the highest impact on working capital and P&L based on transactional and master data combined.
Prioritize suppliers by the highest potential benefit relating to suboptimal use of payment terms. Drive efficient negotiation strategies with your suppliers.
Explore the potential impact of different payment terms when negotiating with suppliers.
Transfer negotiation outcomes to your source system from Celonis.
The app helps you to gain data-driven insights from combined transactional and master data to optimize negotiation strategies for payment terms with suppliers.
The Payment Terms Harmonizer app comes with these views:
Action View - this is the main view that business users can use to manage payment terms negotiation. It has three tabs, Vendor, Vendor VAT Code, and Contracts.
Setup and Validation - this is a quickstart view for setup, where you can validate business logic. The parameters you set in this view are automatically reflected in the Action View.
Value Framing - this is a view where you can frame the value linked to the use case.
The Payment Terms Harmonizer app is exclusively available for object-centric process mining, and it works with objects and events. The Payment Terms Harmonizer app uses the Celonis catalog Procurement process, and it needs a custom object type and some custom attributes for Celonis object types to enable its use cases. Prerequisites for the Payment Terms Harmonizer app has the instructions to set these up.