Process Mining
![8 Steps to Optimize Order to Cash (O2C) with Process Mining [2024]](https://research.aimultiple.com/wp-content/webp-express/webp-images/uploads/2021/06/other-categories-190x110.jpg.webp)
8 Steps to Optimize Order to Cash (O2C) with Process Mining [2024]
Organizations that optimize their order-to-cash processes could reduce their operational costs on average by 20%, according to a benchmarking study. Order to cash, abbreviated as O2C or OTC, refers to a company’s entire ordering system starting with an order the customer sends and finalizing the delivery of the ordered goods.
Top UiPath Process Mining Alternatives in 2024
According to the process mining stats, 52% of business leaders believe that the lack of process mining expertise and tooling reduces process mining adoption rates. Moreover, all vendors offer different features and focus, complicating the leaders’ adoption of process mining.
Top 3 ARIS Alternatives in the Process Mining Market in 2024
The process mining market is expected to grow by ~$1 billion, 40 to 50%, by the end of this year, with increasing number of vendors offering different features. Software AG offers ARIS Process Mining, a popular process mining raising more than $100M annual revenue in 2020.
Top 6 Reasons to Deploy Process Mining in P2P in '24
Procure-to-pay (P2P) refers to the process that starts with procuring a good and finishes with payment for the good. P2P integrates purchasing and accounts payable systems and is mostly handled by software.
Top 3 Celonis Alternatives for Process Mining in 2024
93% of business leaders claim to be interested in adopting process mining solution within their organizations. Yet, 79% of the same executives mentioned that they had not adopted the tool. 30% of these executives explained the lack of adoption for process mining with the complex IT landscape.
Process Control in '24: 4 Benefits & 5 Practical Advices
According to business process management stats , 62% of businesses already use one or two software to manage their processes. Process control is one of the steps in the broader process management cycle that helps companies achieve high process performance by improving efficiency, effectiveness and compliance.
5 Smart Process Mining Steps to Achieve Better Results in '24
Process mining is a modern way to achieve process improvement and management, which is why 93% of business leaders aim to deploy it. Yet, 79% of the same leaders have never used the tool for any process.
Process Knowledge in '24: 3 Steps to Manage it Better
76% of business leaders consider information as their most critical asset. That is a reason behind increased interest in process knowledge (see Figure above). More executives are investing in process knowledge and intelligence efforts for managing and improving their processes. However, developing process knowledge management strategy is not easy.
Process Risk in '24: Case Studies & How to Mitigate it in 7 Steps
Processes may underperform, go over budget , or increase the lead-time because of process risks, such as malfunctioning equipment or human errors. Such process risks incur cost on the company and lower customer satisfaction, harming a business’ reputation and finances in the process.
Process Mining Tableau: 3 Reasons to Leverage them Together in '24
Although it is a preferred tool, it experiences certain difficulties in incorporating operational aspects of the business, which can be easily solved by using process mining tableau. But keep in mind that using process mining alone also means that Tableau users might miss interactive and personalized dashboards.